DCW Updates

UNCITRAL’s Draft Convention on Negotiable Cargo Documents Entering Final Phase

Working Group VI of the United Nations Commission on International Trade Law (UNCITRAL) held its 45th session, 9-13 December 2024,

ABA and BAFT Announce Split

The American Bankers Association (ABA) and The Bankers Association for Finance and Trade (BAFT), a prominent global association for international

Pakistan Bans Import of Specified Polyol Chemicals

Nigeria, China Renew Currency Swap Agreement

Amid “Challenging Times”, ICC Trade Register Reinforces Low-Risk Nature of Trade Finance

In October 2024, ICC printed its 2024 Trade Register Report and released access to it electronically thereafter. The ICC Trade

Latest TAB Sheds Light on UCP600 Article 14(d) “read in context with”

In an attempt ensure global understanding of the wording “read in context with” as used in UCP600 Article 14(d)

ADB-Led “Enhanced STR” Pilot Delivers Transformative Results

In a landmark effort to combat Trade-Based Money Laundering (TBML), the Asian Development Bank (ADB), in partnership with the United

WaveBL Completes Proof of Value for eBL Platform

Blockchain-based electronic bill of lading platform, WaveBL has announced completion of its proof of value (POV) testing with Swift, five

Maybank Singapore, PracBiz Team Up on SCF Platform

Maybank Singapore has announced collaboration with PracBiz, which will enable the bank to offer supply chain financing to qualified users

US Takes Sweeping Action against Russian Banking System

Seeking to further eliminate options for Russia’s use of the international financial system, the US Treasury’s Office of

ICC Revises Guidance on Use of Sanctions Clauses

Stemming from Kuvera Resources Pte Ltd. v. JPMorgan Chase Bank, N.A. where the High Court of Singapore determined that