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.
To further safeguard customers from digital banking scams, the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) prescribed on 2 June 2022 additional measures that banks need to fully implement by 31 October 2022.
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.
