DCW Monthly: September 2025
From London to New Delhi to New York, this issue brings together the latest laws, rulings, and rule-set debates in
LCs calling for copies and photocopies. Does it make a difference if copies are called for by the applicant compared
In a recent discussion, bankers were asked how they calculate confirmation fees as a standard practice: 1) from the advising
Most specialists in the trade finance industry are well aware of multiple court cases in recent years – many from Singapore
When issuing banks insert complex reimbursement terms and self-serving conditions into their credits, it distorts the purpose of the product, causes problems for confirming banks, and drives exporters away from using LCs.
The silent confirmation market is still active and prevalent for LCs in Asian countries as silent confirmation is one of the means for a beneficiary to mitigate issuing bank and country risk when it does not want other banks to confirm its credit.
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