Because standbys and demand guarantees often contain automatic extension clauses, ICC Opinion TA954 offers important lessons for practice and the need for sound drafting of such clauses.
This paper explores vessel risk based upon whether Group Ownership information is known or unknown for each vessel alongside identified compliance behavior.
Following release of a US Government joint advisory document, “Guidance to Address Illicit Shipping and Sanctions Evasion Practices”, one prominent trade finance specialist reviews its key elements and collects feedback from fellow bankers on what it means for practice.
