{"id":140261,"date":"2025-03-06T13:54:25","date_gmt":"2025-03-06T13:54:25","guid":{"rendered":"https:\/\/www.tradefinanceglobal.com\/?p=140261"},"modified":"2025-04-22T10:40:15","modified_gmt":"2025-04-22T10:40:15","slug":"clawing-back-lc-payments-bcp-v-china-aviation-oil","status":"publish","type":"post","link":"https:\/\/www.tradefinanceglobal.com\/posts\/clawing-back-lc-payments-bcp-v-china-aviation-oil\/","title":{"rendered":"Clawing back LC payments: BCP v China Aviation Oil"},"content":{"rendered":"You have reached the limit to read our content as a guest. Join TFG for free to unlock unlimited access to our industry-leading content. Please <a href=\"https:\/\/www.tradefinanceglobal.com\/login\/?redirect_url=https%3A%2F%2Fwww.tradefinanceglobal.com%2Fposts%2Fclawing-back-lc-payments-bcp-v-china-aviation-oil%2F&#038;action=register\">sign-up<\/a> or <a href=\"https:\/\/www.tradefinanceglobal.com\/login\/?redirect_url=https%3A%2F%2Fwww.tradefinanceglobal.com%2Fposts%2Fclawing-back-lc-payments-bcp-v-china-aviation-oil%2F\">sign-in<\/a> to gain exclusive access to our full library of videos, podcasts, expert guides, and comprehensive research data\u2014all at no cost.","protected":false},"excerpt":{"rendered":"<p>The collapse of traders like Hin Leong Trading Pte Ltd and Zenrock Commodities Trading Pte Ltd (\u201cZenrock\u201d) left banks that made payments under letters of credit (LCs) out of pocket\u2026 <a href=\"https:\/\/www.tradefinanceglobal.com\/posts\/clawing-back-lc-payments-bcp-v-china-aviation-oil\/\" class=\"read-more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"author":655,"featured_media":140264,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","ep_exclude_from_search":false,"footnotes":""},"categories":[167,2129,3529,32,11053],"tags":[11221,11679,5080,7779,4166,10363,412,5085,4173],"class_list":["post-140261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-letters-of-credit","category-payments","category-trade-finance","category-trade-law","tag-bcp","tag-blackstone-gold","tag-china-aviation-oil","tag-fraud-prevention","tag-hin-leong-trading","tag-letters-of-credit-lc","tag-singapore","tag-zenrock","tag-zenrock-commodities-trading"],"acf":{"main_summary":"","header":"Standard","layout":"Custom","banner_image_above_title":"Yes","is_expert_picks":true,"organisations":"","users":[566],"type_of_sidebar":"Standard","sidebar_single":null,"turn_on_featured_posts":"No","additional_on__off":"Off","featured_posts_order":"ASC","title_add":"More Posts","number_of_posts_add":"","category_add":null,"order_by_add":"ASC","title_link_add":"","add_layout_single":null},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v24.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Clawing back LC payments: BCP v China Aviation Oil - Trade Finance Global<\/title>\n<meta name=\"description\" content=\"The collapse of traders like Hin Leong Trading Pte Ltd and Zenrock Commodities Trading Pte Ltd (\u201cZenrock\u201d) left banks that made payments under letters of credit (LCs) out of pocket when their customers went under without reimbursing them. The banks in this predicament have, in a spate of recent cases, attempted to recoup payments under LCs made to beneficiaries whom they allege have received payments for fictitious trades.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradefinanceglobal.com\/posts\/clawing-back-lc-payments-bcp-v-china-aviation-oil\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Clawing back LC payments: BCP v China Aviation Oil\" \/>\n<meta property=\"og:description\" content=\"The collapse of traders like Hin Leong Trading Pte Ltd and Zenrock Commodities Trading Pte Ltd (\u201cZenrock\u201d) left banks that made payments under letters of credit (LCs) out of pocket when their customers went under without reimbursing them. The banks in this predicament have, in a spate of recent cases, attempted to recoup payments under LCs made to beneficiaries whom they allege have received payments for fictitious trades.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tradefinanceglobal.com\/posts\/clawing-back-lc-payments-bcp-v-china-aviation-oil\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Finance Global\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/tradefinanceglobal\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-06T13:54:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-22T10:40:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tradefinanceglobal.com\/wp-content\/uploads\/2025\/03\/Clawing-back-LC-payments-BCP-v-China-Aviation-Oil-social.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ramandeep Kaur\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@tradefinglobal\" \/>\n<meta name=\"twitter:site\" content=\"@tradefinglobal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ramandeep Kaur\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.tradefinanceglobal.com\/posts\/clawing-back-lc-payments-bcp-v-china-aviation-oil\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradefinanceglobal.com\/posts\/clawing-back-lc-payments-bcp-v-china-aviation-oil\/\"},\"author\":{\"name\":\"Ramandeep Kaur\",\"@id\":\"https:\/\/www.tradefinanceglobal.com\/#\/schema\/person\/2c36bd826e086bd52d2eaee338661093\"},\"headline\":\"Clawing back LC payments: BCP v China Aviation Oil\",\"datePublished\":\"2025-03-06T13:54:25+00:00\",\"dateModified\":\"2025-04-22T10:40:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.tradefinanceglobal.com\/posts\/clawing-back-lc-payments-bcp-v-china-aviation-oil\/\"},\"wordCount\":1683,\"publisher\":{\"@id\":\"https:\/\/www.tradefinanceglobal.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.tradefinanceglobal.com\/posts\/clawing-back-lc-payments-bcp-v-china-aviation-oil\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.tradefinanceglobal.com\/wp-content\/uploads\/2025\/03\/Clawing-back-LC-payments-BCP-v-China-Aviation-Oil.jpg\",\"keywords\":[\"BCP\",\"blackstone &amp; gold\",\"China Aviation Oil\",\"fraud prevention\",\"HIN LEONG TRADING\",\"Letters of Credit (LC)\",\"Singapore\",\"Zenrock\",\"zenrock commodities trading\"],\"articleSection\":[\"Articles\",\"Letters of Credit\",\"Payments\",\"Trade Finance\",\"Trade Law\"],\"inLanguage\":\"en-GB\",\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.tradefinanceglobal.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tradefinanceglobal.com\/posts\/clawing-back-lc-payments-bcp-v-china-aviation-oil\/\",\"url\":\"https:\/\/www.tradefinanceglobal.com\/posts\/clawing-back-lc-payments-bcp-v-china-aviation-oil\/\",\"name\":\"Clawing back LC payments: BCP v China Aviation Oil - Trade Finance Global\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradefinanceglobal.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.tradefinanceglobal.com\/posts\/clawing-back-lc-payments-bcp-v-china-aviation-oil\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.tradefinanceglobal.com\/posts\/clawing-back-lc-payments-bcp-v-china-aviation-oil\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.tradefinanceglobal.com\/wp-content\/uploads\/2025\/03\/Clawing-back-LC-payments-BCP-v-China-Aviation-Oil.jpg\",\"datePublished\":\"2025-03-06T13:54:25+00:00\",\"dateModified\":\"2025-04-22T10:40:15+00:00\",\"description\":\"The collapse of traders like Hin Leong Trading Pte Ltd and Zenrock Commodities Trading Pte Ltd (\u201cZenrock\u201d) left banks that made payments under letters of credit (LCs) out of pocket when their customers went under without reimbursing them. 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