Trade Finance Career Spotlights: K. Nizardeen K. Nizardeen has been around the trade finance scene in the Middle East for
A Conversation with Kristin Kyle-McQuesten “Know Your Customer” isn’t only vital for compliance reasons. Throughout her career, it’
DCW reports quarterly LC issuance statistics for the top 600 banks headquartered in the US. Numbers are in USD 1,
In case where Seller pursued claim for purchase price, court determined LCs were conditional, not absolute, forms of payment.
Case involved LCs containing a condition that Issuing Bank would only honor demands if Applicant first furnished indemnification to Issuing Bank.
Case from China's Jiangsu High People’s Court involving issuing bank suing carrier for compensation for carrier’s release of cargo against applicant’s letter of indemnity in lieu of original bill of lading contains important lessons for banks.
For LC bankers to meet the challenge of price verification while upholding the independence principle, there's no substitute for exemplary knowledge of customers and their businesses.
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