Drawing on the China case, Luoyang Aviation, Saibo Jin examines the relationship between the transferred credit and the original credit.
Banks that handle collections must not neglect the product and have proper controls in place to deal with the risks.
In the latest installment of his article series on originality of paper and electronic documents, Pavel Andrle addresses practical use of the current ICC rules and matters he believes need clarified to better facilitate use of electronic records in trade finance.
PAKISTAN: Ishaq Dar, appointed on 28 Sept as the country’s finance minister for the fourth time, has made strengthening the rupee his “top priority”, saying he will not allow speculators to distort the exchange rate.
Dar has reportedly taken notice of banks opening LCs for importers at 5 to 8 PKR per USD more than the market rate and has ordered relevant authorities to investigate, vowing strict action against those bank officers responsible for such excesses.
The Maritime Code of the People's Republic of China was revised and adopted by the 18th Session of
Misrepresentation of how letters of credit are used has sadly plagued the industry for decades. We are all too familiar
A recent study suggests demand for smart contracts in trade finance is on the ascent due to a variety of
Following official launch of its sustainable trade solutions in the Philippines in November 2025, MUFG Bank, Manila Branch has issued
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