DCW Updates
September Roundup
September's DCW is live! We have an exciting fresh batch of content that's just launched. Scroll
DCW Scam Survey
Bangladesh Investigators: Insurer Embezzled Funds Linked to 25 LCs
Two officials from Asia Insurance, Bangladesh, were fined for embezzling BDT 22.7M via forged documents linked to TVS Auto.
1 min read
Two senior officials of Bangladesh-based Asia Insurance Limited have been fined for embezzling BDT 22.7 million (USD 188,000) of insurance policy premiums by forging documents.
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DCW Updates
ICC Defines Trade Finance
Expressing concern that a poorly constructed definition of trade finance could cause unintended negative consequences for the business, the ICC
September 2024
LC & Guarantee Issuance: Under or Out of Control?
Debate persists on when an independent undertaking is issued: upon leaving the issuer’s control or only when advised to the beneficiary. Various rules clarify issuance timing.
September 2024
100% Electronic B/Ls by 2030: The Numbers Behind the Number
On 15 Feb 2023, DCSA members pledged to issue 50% of bills of lading (B/Ls) electronically by 2028 and 100% by 2030, aiming to cut costs and boost global trade.
September 2024
Bank of England Breaks with Basel, keeps 20% CCF for Trade Instruments
The Bank of England reversed its plan to raise trade finance capital requirements from 20% to 50%, aligning with the EU approach but raising insurance-related requirements.