International Trade Series: Fictitious Trades & Letters of Credit

In this episode of our International Trade Series, we discuss the how letters of credit interact with fictitious trades and circular trades.

We explain the remarkable case of Winson Oil, and why the bank was applying to refuse payment under a letter of credit, while many subsequent cases involving Glencore and the more recent case of China Aviation Oil, failed.

With the recent announcement of a ceasefire, our Managing Director, Baldev Bhinder, shared his views

We hosted a webinar on Force Majeure Claims arising from the conflict in the Middle

Baldev Bhinder talks to the Trade Treasury & Payments team on the sidelines of ITFA