Delivery of the goods is “not unloaded” by the seller at the destination place, in this case the port of discharge. That means that the buyer needs to be able to unload the vessel at its own risk and cost.
It would be unusual but possible that delivery by road would be to a terminal for the buyer to then collect.
With DPU Destination Terminal for railfreight the goods are indeed unloaded from the railcar at the terminal as part of the seller’s contract of carriage.
TFG’s Deepesh Patel sat down with Lynette Thorstensen, board chair at Fairtrade International, to discuss the digital divide, ESG in global trade, and how technology is helping to shape the global (fair) trade landscape.
Tinubu, the software provider for the credit insurance and surety industry, announced today the launch of its new brand. Tinubu is undergoing a transformation to offer its clients a single… read more →
David Meyell, Digital Rules Advisor to the ICC Centre for Digital Trade and Innovation (C4DTI) provides a comprehensive introduction to the ICC Uniform Rules for Digital Trade Transactions (URDTT).
Finastra has announced that its Fusion Trade Innovation and Fusion Corporate Channels have been selected by Banque Misr – the second largest national bank in Egypt – to digitalize its trade finance services and provide… read more →
The World Trade Organisation (WTO) has announced that it is revising its merchandise global trade growth forecast for 2022 from 4.7% to 3% due to ongoing concerns about the impact of the Russia-Ukraine conflict, and lockdowns in China.
Confidence, demand and energy shock waves, writes Ana Boata, Global Head of Economic Research at Allianz Trade. Allianz Trade is the new name for trade credit insurer Euler Hermes, which became part of the Allianz SE group in 2018.
On April 12, 2022, the World Trade Organization (WTO) and the World Economic Forum (WEF) formally launched their latest joint publication The Promise of TradeTech: Policy approaches to harness trade digitalization.
Surecomp announces it is providing a new solution to mitigate the risk of duplicate financing fraud using advanced cryptographic technology. The new solution provides an effective invoice comparison process to… read more →
A circular economy is an alternative to the traditional linear economy where goods are simply made, used, and then disposed of.
Deepesh Patel (DP), Editor, Trade Finance Global interviewed Bob Wigley (BW), Chair of UK Finance, to discuss SME lending, our relationship with technology, and the impact of the pandemic ahead of City Week 2022.
Global Attractions, a designer, manufacturer and distributor of family entertainment units, secures a £2 million export contract with UK Government help. UK Export Finance (UKEF) has been working with Global… read more →
In 2020, ICC partnered with the Asian Development Bank and the Government of Singapore to launch Digital Standards Initiative (DSI). This initiative aimed to establish a globally harmonised, digitalised trade environment,… read more →