Letter of Indemnity (LOI)
Causation in Misdelivery Cases: The “Maersk Katalin”
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.
Hard Cases – Taking Stock of How Trader Defaults and Geopolitical Events Shaped LC Court Decisions
Following his writing in the January 2025 edition of DCW, Robert Parson continues his look at high profile cases by revisiting decisions surfacing from Singapore commodity defaults of recent years.
ATFCP Sanctions & Fraud Webinar Recap
A webinar hosted by the Association of Trade Finance Compliance Professionals (ATFCP) on 28 January 2025 featured particular focus on
Telex Release: a Viable Alternative to LOI?
DCW readers are aware of several recent court cases which have illustrated the problems that can emerge for trade finance
2024 Americas LC Law Summit: Executive Summary
For the 25th consecutive year, the Institute of International Banking Law & Practice conducted its one-day Letter of Credit Law Summit. This Executive Summary provides an overview of topics discussed and debated at the conference hosted by Hogan Lovells in New York and conducted as a hybrid event.
Notable Chinese Supreme People's Court Cases Involving Application of ISBP
Letter of credit cases can reveal a great deal about how the industry's practice rules and standards are viewed and interpreted by the courts.
Banque De Commerce Et De Placements S.A. v. China Aviation Oil (Singapore) Corp. [2024]
Issuer sued beneficiary alleging sham transaction and breach of warranties; beneficiary and prior sellers lodged indemnification claims.
2024 Singapore Annual LC Survey • Executive Summary
This Executive Summary provides an overview of topics discussed and debated by leading professionals at the conference.
The “Jeil Crystal” [2024]
💡The “Jeil Crystal” [2024] [2024] SGHC 74 [Singapore] Type of Case: Issuer sued Vessel Owner for misdelivery; Vessel Owner alleged
Crédit Agricole Corp. & Inv. Bank, Singapore Branch v. PPT Energy Trading Co. [2023]
The appeal in Zenrock. In a crude oil transaction, a bank issuing an LC accused the buyer of fraud, leading to dishonor of the LC; however, the court ruled in favor of the seller...
