Analysis: Banks face trickier fights against shipowners to recover commodities losses
01-11-22 / by Jacob Atkins
Singapore’s High Court has this year scuppered the plans of both Standard Chartered and the...letter of credit (LC)
UniCredit loses US$37mn fraud claim against Glencore
26-10-22 / by Jacob Atkins
A judge in Singapore has rejected claims by Italian lender UniCredit that commodities giant Glencore...
London court rulings bring new clarity to misdelivery disputes
19-10-22 / by Jacob Atkins
Misdelivery claims are one of the messiest types of disputes in trade finance, with cases...
South Sudanese letter of credit system exploited in billion-dollar scam, report claims
12-10-22 / by Jenny Messenger
South Sudanese leaders allegedly abused a US$993mn letter of credit (LC) scheme that deprived the...
Bangladesh tightens LC rules as import costs surge
03-08-22 / by Felix Thompson
Bangladesh’s central bank has announced new letter of credit (LC) requirements for local banks, amid...
Crédit Agricole loses bid to recoup US$24mn lost in ZenRock fraud
19-01-22 / by Jacob Atkins
French banking giant Crédit Agricole has lost an attempt to claw back US$23.6mn it lost...
LC challenges force Petroecuador into payment terms change
22-10-21 / by Felix Thompson
Ecuador’s state-owned oil company has amended its payment terms and conditions to ease financing constraints...
Contour links up with the Global Shipping Business Network
27-08-21 / by Felix Thompson
Digital trade finance network Contour has struck a partnership with Hong Kong-based blockchain consortium Global...
Contour launches Bangladesh SME trade finance network
16-06-21 / by Eleanor Wragg
Blockchain trade finance initiative Contour has launched a domestic network in Bangladesh that will provide...
Singapore court denies BP attempts to strike off Hin Leong fraud allegations
09-06-21 / by John Basquill
A Singapore court has rejected an appeal by BP to strike off fraud accusations levelled...