DCW Updates
Trafigura Wins Nickel Fraud Case, Recovery Process Begins
In Trafigura PTE Ltd. v. Gupta[[1]], a London High Court ruled in favor of Trafigura in its USD 500
Matar Begins New Chapter as Consultancy Director
Following 13 years at Alinma Bank in Riyadh, Saudi Arabia, Khalil Matar left the bank to join SACB Management Solutions
Auditors Found Guilty of Failing to Detect LC Fraud
The Disciplinary Committee of the Institute of Chartered Accountants of India (ICAI) has found that two auditors of an Indian
Maritime Piracy & Robbery at Five-Year High
Reported incidents of piracy and armed robbery against ships worldwide in 2025 reached their highest level since 2020 according to
Nigerian Court Freezes Funds of Bank Tied to LC Dispute
A Nigerian court has instructed the freezing of Nigerian Naira 7.15 billion (USD 5 million) at a bank accused
China Adopts MLETR Principles for Bills of Lading
The Maritime Code of the People's Republic of China was revised and adopted by the 18th Session of
Selling LCs Short … and Wrong
Misrepresentation of how letters of credit are used has sadly plagued the industry for decades. We are all too familiar
Report Quantifies Use, Potential of Smart Contracts in Trade Finance
A recent study suggests demand for smart contracts in trade finance is on the ascent due to a variety of
MUFG Manila Issues Standbys Supporting Renewable Energy Projects
Following official launch of its sustainable trade solutions in the Philippines in November 2025, MUFG Bank, Manila Branch has issued
Australia Progresses toward MLETR Implementation
The Australian Standing Council of Attorneys-General (SCAG) issued a Communique on 14 November 2025 on a range of agreed issues,
Egypt Sets Mandatory Date for Air Cargo Import Requirements
The Egyptian Customs Authority has formally announced that the mandatory application of the Advance Cargo Information (ACI) system for air
