Drawing on the China case, Luoyang Aviation, Saibo Jin examines the relationship between the transferred credit and the original credit.
Banks that handle collections must not neglect the product and have proper controls in place to deal with the risks.
In the latest installment of his article series on originality of paper and electronic documents, Pavel Andrle addresses practical use of the current ICC rules and matters he believes need clarified to better facilitate use of electronic records in trade finance.
The Maritime Code of the People's Republic of China was revised and adopted by the 18th Session of the 14th Standing Committee of the National People's Congress on 28 October 2025 in which the core content of UNCITRAL’s Model Law on Electronic Transferable Records (MLETR) was adopted for bills of lading.
Drawing on the China case, Luoyang Aviation, Saibo Jin examines the relationship between the transferred credit and the original credit.
Banks that handle collections must not neglect the product and have proper controls in place to deal with the risks.
In the latest installment of his article series on originality of paper and electronic documents, Pavel Andrle addresses practical use of the current ICC rules and matters he believes need clarified to better facilitate use of electronic records in trade finance.
Misrepresentation of how letters of credit are used has sadly plagued the industry for decades. We are all too familiar
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