The “Dark Fleet” exposes financial institutions to sanctions violations, lawsuits, and losses. Learn how to mitigate these hidden risks.
DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
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Petroecuador, Ecuador’s state oil company, has cautioned Trafigura Group about avoiding importing fuel of Russian origin after the commodity trader reportedly “finished discharging a cargo of mostly Russian diesel at the Ecuadorian port of Esmeraldas”
Petroecuador, Ecuador’s state oil company, has cautioned Trafigura Group about avoiding importing fuel of Russian origin after the commodity trader reportedly “finished discharging a cargo of mostly Russian diesel at the Ecuadorian port of Esmeraldas” on 28 Aug, Bloomberg reported.
A contract that Trafigura signed in June 2022 to supply diesel oil to Petroecuador does not impose any restrictions by origin but it does indicate that the oil company would not be able to obtain an LC in case the cargo is of Russian origin or sold by a Russian company, according to Bloomberg.
We’re pleased to share the newest edition of DCW’s premium monthly content. This month’s highlights include: * Two
In addition to treatment of two ICC Draft Opinions, highlighting the first day of the next ICC Banking Commission Meeting
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