This month we’re exploring where traditional instruments meet modern LC practice, focusing especially on the complications surrounding drafts and
For the 7th year, the Institute of International Banking Law & Practice conducted its one-day Americas Trade Finance Compliance Annual Meeting. This summary provides an overview of topics discussed at the conference hosted by S&P Global on 2 April 2025 in New York and conducted as a hybrid event.
The ICC has neither accepted the draft as a standard requirement, nor have they been successful in casting it out from LC practice. This article is an attempt to resolve the confusion and place bills of exchange laws and the UCP in their proper perspectives.
A recent Singapore case highlights the potential inherent risks for banks that take credit insurance policies as security.
In a recent Singapore court case,[[1]] Marketlend Pty Ltd and another (Claimants) sought to recover more than USD9 million under a trade credit insurance policy (Policy) issued by QBE Insurance (Singapore) Pte Ltd (Insurer) to Novita Trading Limited (Seller).
The Policy covered the Seller’s sale and shipment of goods on deferred terms (the Alleged Trades). One of the Claimants, Marketlend Pty Ltd (Financier) had extended financing to the Seller by way of a Debtor Finance Facility (the Facility). The co-claimant was Australian Executor Trustees Limited (Funder) which funded the Financier’s facilities to the Seller. The Funder was included as a joint insured under the Policy.
This month we’re exploring where traditional instruments meet modern LC practice, focusing especially on the complications surrounding drafts and
For the 7th year, the Institute of International Banking Law & Practice conducted its one-day Americas Trade Finance Compliance Annual Meeting. This summary provides an overview of topics discussed at the conference hosted by S&P Global on 2 April 2025 in New York and conducted as a hybrid event.
The ICC has neither accepted the draft as a standard requirement, nor have they been successful in casting it out from LC practice. This article is an attempt to resolve the confusion and place bills of exchange laws and the UCP in their proper perspectives.
The ongoing effort to revise ISBP 821 (2023) has now reached an advanced stage with an updated Draft 3 revision
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