DCW Articles
Sanctions Advisories for the Maritime Industry
Practical challenges and recommendations for financial institutions regarding the monitoring of AIS outages and suspicious vessel activity EXECUTIVE SUMMARY The
Judgment Rules Companies Must Know End Destination of Products
A conviction by a Danish court for violating EU sanctions against Syria has underscored the knowledge governments expect of companies of the end destination of their products.
Brightening the Way Toward Digitalization of Trade Finance
Singapore's TradeTrust, developed by IMDA, integrates global standards, UNCITRAL's MLETR, and blockchain, allowing verification of electronically issued documents for global trade.
Modifications and Exclusions of UCP600 Articles in Commercial Letters of Credit
Practical advice for modifying and excluding UCP600 articles in commercial letters of credit.
Detecting Deceptive Shipping Practices: How Much Responsibility Can Banks Reasonably Handle?
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.
Effective Date of Cargo Insurance for Multimodal Transport and Air Transport Shipments
Conflicting interpretations persist over whether insurance documents issued on the actual flight date—but after a transport document’s issuance—are discrepant. This article examines the implications under ISBP 745, UCP600, and CIP Incoterms® 2020, and explains how to avoid costly risk gaps.
Standby Letters of Credit with “Pay and Walk” Clauses: How They Work and What to Watch for
Certain banks issuing standby letters of credit subject to ISP98 (or demand guarantees subject to URDG758) have been including “Pay
The Problem Is Not with the UCP, It’s with the LCs
Calls to simplify the UCP are nothing new—but are we solving the wrong problem? Buddy Baker argues it’s not the rules that need fixing, but the over-complicated letters of credit themselves. Could a simpler LC structure reduce errors, speed up processing, and cut through the red tape?
Potential Issues with Demand Guarantees – Lessons for Bankers from a Singapore Case
A Singapore court case highlights critical pitfalls in handling demand guarantees. This article unpacks lessons for bankers on documentation, fraud risk, counter-guarantees, and navigating complex cross-border disputes.
