Four years after the Association of Banks in Singapore (ABS) roll out of a “Code of Best Practices – Commodity Financing” intended to serve as an industry benchmark for bank lending standards in this sector, the Monetary Authority of Singapore (MAS) conducted inspections on select banks to assess their commodity financing (CF) business practices and on 4 March 2025 released an Information Paper, “Governance and Risk Management of Commodity Financing”, presenting its observations and supervisory expectations following the inspections.
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DCW Monthly: April 2025
This month, DCW unpacks the legal and practical shifts reshaping trade finance interpretation. Why are ICC Opinions becoming increasingly scarce?
ICC Opinions: Why has Usage Reduced?
Writing as a trade finance professional with a long background in the business, Dave Meynell offers his personal views on factors contributing to the sharp reduction in ICC Official Opinions issued over the past several years.
Causation in Misdelivery Cases: The “Maersk Katalin”
With the causation defence being increasingly engaged in misdelivery cases, there is a great deal for banks and shipowners to learn from The “Maersk Katalin” case.
