DCW Articles
Preventing the Trade of Weapons to Myanmar
Exploring measures to prevent illicit arms trade to Myanmar. Learn about evasion techniques, global sanctions, and recommendations for maritime companies and financial institutions. Trade compliance in the aftermath of the Myanmar coup.
How to Examine a Printed Electronic Insurance Policy
Due to its efficiency, convenience, and absence of any geographical restrictions, the electronic insurance policy has become wildly prevalent around the globe.
To What Extent is a Confirming Bank’s Undertaking Independent of the Issuing Bank’s Undertaking to the Beneficiary?
Confirmation to any modern-day documentary credit is an essential risk mitigation tool for a beneficiary that enables it to deal
The 2-in-1 Standby – a Sound Option or Specious Shortcut?
The 2-in-1 Standby: a Bid Standby that converts into a longer- term Performance Standby if certain conditions are met.
UK Digitalisation of Trade
UK Electronic Trade Documents Act 2023 marks a sea change in trade finance industry. At its core, the Act does something incredibly simple: it provides legal status to electronic trade documents, making them equivalent to their paper counterparts
Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch [2023 EWHC 663]
💡Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch 2023 EWHC 663 Type of Lawsuit: Beneficiaries sued Confirming Bank that
Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch [2023 EWHC 1071]
💡Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch 2023 EWHC 1071 Type of Lawsuit: Subsequent hearing on an ancillary
Documents Delayed, Beneficiary Learns Hard Way Article 35 Does Not Apply
UCP600 interpretation challenges arise as banks often misconstrue article purposes. Beneficiaries risk losing payment guarantees due to misinterpretation during credit-complying presentations
Fraud: Losses, Losers, and LOIs
Within the recent past, trade finance banks have suffered billions in losses due to fraud. This has obliged many banks to reconsider their role in financing trade flows whilst others have simply abandoned the business. Citing Glencore, Navig8 Armetrine, and Hin Leong
Chats and Balances: Human Oversight Will Dictate ChatGPT’s Utility for Trade Finance
ChatGPT and human oversight for drafting and reviewing LC transactions in the AI age.
Fundamental Questions Surrounding Green Financial Products
Examining "Green Guarantees": investigating their essence, providers, viability, and the involvement of Corporates and Financial Institutions.
Application of US Uniform Commercial Code Article 5 in International Letter of Credit Transactions
A look into application of US UCC Article 5 for letter of credits outside of the United States
