Because standbys and demand guarantees often contain automatic extension clauses, ICC Opinion TA954 offers important lessons for practice and the need for sound drafting of such clauses.
IIBLP, LIBF, and Coastline Solutions conducted their 2024 Trade Finance Compliance Annual Meeting on 14 February in New York City. Hosted and co-sponsored by S&P Global Market Intelligence, the event featured more than 15 compliance experts from the operations, regulatory, and private sphere.
This paper explores vessel risk based upon whether Group Ownership information is known or unknown for each vessel alongside identified compliance behavior.
