January 2019

  • Sanctions Update
    Sanctions are trade controls that can be (and are) imposed by the United Nations, the EU Council, or individual countries, for political or economic reasons...
  • A wider look at sustainability
    In a previous blog we reported on the ICC Commission on Environment and Energy issuance of a Policy Statement on ‘Sustainability Reporting - Future Directions' in December 2015, and the more recent establishment, by the ICC Banking Commission, of a Sustainable Trade Finance Working Group that serves to introduce standards and certifications for the industry...
  • Re-visiting discrepancies
    In documentary credit operations, the advising of discrepancies in documents is probably the most contentious issue that a bank will face with its clients or another bank...