{"version":"1.0","provider_name":"Trade Finance Global","provider_url":"https:\/\/www.tradefinanceglobal.com","author_name":"Ramandeep Kaur","author_url":"https:\/\/www.tradefinanceglobal.com\/posts\/author\/raman-kuar\/","title":"Clawing back LC payments: BCP v China Aviation Oil","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"oOD8ZMeLHu\"><a href=\"https:\/\/www.tradefinanceglobal.com\/posts\/clawing-back-lc-payments-bcp-v-china-aviation-oil\/\">Clawing back LC payments: BCP v China Aviation Oil<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.tradefinanceglobal.com\/posts\/clawing-back-lc-payments-bcp-v-china-aviation-oil\/embed\/#?secret=oOD8ZMeLHu\" width=\"600\" height=\"338\" title=\"&#8220;Clawing back LC payments: BCP v China Aviation Oil&#8221; &#8212; Trade Finance Global\" data-secret=\"oOD8ZMeLHu\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/* ]]> *\/\n<\/script>\n","thumbnail_url":"https:\/\/www.tradefinanceglobal.com\/wp-content\/uploads\/2025\/03\/Clawing-back-LC-payments-BCP-v-China-Aviation-Oil-social.jpg","thumbnail_width":1200,"thumbnail_height":627,"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. 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."}