DCW Updates
Free Webinar: Navigating Sanctions, Dark Fleet Risks, and Financial Crime Update
A free webinar, offered by the Association of Trade Finance Compliance Professionals (ATFCP), will discuss the latest developments in global
Two Draft Opinions to be Discussed at November 2024 ICC Banking Commission Session
Two Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
September Roundup
September's DCW is live! We have an exciting fresh batch of content that's just launched. Scroll
ICC Defines Trade Finance
Expressing concern that a poorly constructed definition of trade finance could cause unintended negative consequences for the business, the ICC
LC & Guarantee Issuance: Under or Out of Control?
Debate persists on when an independent undertaking is issued: upon leaving the issuer’s control or only when advised to the beneficiary. Various rules clarify issuance timing.
100% Electronic B/Ls by 2030: The Numbers Behind the Number
Container shippers pledge to issue 50% of bills of lading (B/Ls) electronically by 2028 and 100% by 2030, aiming to cut costs and boost global trade.
Bank of England Breaks with Basel, keeps 20% CCF for Trade Instruments
The Bank of England reversed its plan to raise trade finance capital requirements from 20% to 50%, aligning with the EU approach but raising insurance-related requirements.
Righting an Irregular Presentation … with a Twist
Beneficiary presented late shipment documents under an LC. The issuing bank deducted penalties without a refusal notice, raising debate on clause 47A-7, UCP 600, and consent.
Pakistan Looks to Deepen Trade & Energy Ties with Russia
Seeking to capitalize on recent meetings with high level officials of Russia and following a July 2024 session of the
Ethiopian Importers Harmed by Country’s Abrupt Foreign Exchange Reforms
Ethiopia’s central bank’s simultaneous announcement and roll out of major foreign exchange reforms on 29 July 2024 caught
Saudi IT Firm Secures Financing Facility from Riyad Bank
Saudi IT firm, Al Moammar Information Systems Company (MIS), obtained a SAR 252 million (USD 67m) financing facility from Riyad
ICC Opinions Finalized at July 2024 Session
Five draft opinions – some garnering much more attention than others – were finalized in an ICC Banking Commission quarterly discussion session
