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Hard Cases – Taking Stock of How Trader Defaults and Geopolitical Events Shaped LC Court Decisions in 2024
In the first of a two-part article, Robert Parson looks back at major LC court cases of 2024 and their impact on an increasingly complex environment for trade finance.
Consolidated Electrical Distributors, Inc. v. United Renewable Energy Co. [2024]
Applicant Consolidated Electrical Distributors ex parte motion for temporary restraining order against issuer Bank of America.
Indian Importer, Officials Booked for Cheating Tied to LC
A Chennai-based importer, its director, and six former officials of a company operating under the Indian government’s Ministry of
Pakistani Businessman Charged with Export, Banking Fraud
After receiving dozens of containers filled with soil, gravel and stones instead of the valuable natural minerals it had agreed
DCW Monthly: December 2024
We’re thrilled to share the newest edition of DCW’s premium monthly content. This month’s highlights include: * Five
Discrepancy Rates under UCP 600
In the second instalment of his DCW article series on major issues surrounding potential revision of UCP, ICC Banking Commission Senior Technical Advisor Dave Meynell considers the problems contributing to chronically high discrepancy rates and offers viable solutions.
November 2024 ICC Banking Commission Meeting: Executive Summary
The ICC Banking Commission conducted its final meeting of 2024 virtually via Teams on 20-21 November. Four separate portions of the event open to Banking Commission members and ICC National Committee representatives took place.
Amid “Challenging Times”, ICC Trade Register Reinforces Low-Risk Nature of Trade Finance
In October 2024, ICC printed its 2024 Trade Register Report and released access to it electronically thereafter.
Latest TAB Sheds Light on UCP600 Article 14(d) “read in context with”
In an attempt ensure global understanding of the wording “read in context with” as used in UCP600 Article 14(d)
ADB-Led “Enhanced STR” Pilot Delivers Transformative Results
In a landmark effort to combat Trade-Based Money Laundering (TBML), the Asian Development Bank (ADB), in partnership with the United
WaveBL Completes Proof of Value for eBL Platform
Blockchain-based electronic bill of lading platform, WaveBL has announced completion of its proof of value (POV) testing with Swift, five