Trade Finance Global (TFG) spoke to president and CEO of BAFT at Sibos 2022 about the role that banking organisations can play in developing environment, social, governance (ESG) and sustainability best practices within global trade.
Gunvor USA LLC, a subsidiary of Gunvor Group Ltd, has successfully closed the syndication of its $1.45 billion uncommitted borrowing base credit facility. The facility includes a $1.16 billion one-year… read more →
Tackling global warming cannot be successful without governments taking into account the important role of trade in meeting climate goals, according to Director-General Ngozi Okonjo-Iweala. Speaking at a high-level event… read more →
Incoterms® are the international terms which determine business-to-business practice in the transport and delivery of goods published by the International Chamber of Commerce (ICC). They set out the important fundamentals of the Incoterms® rules, and the contracts surrounding a typical contract of sale for export/import.
The International Chamber of Commerce (ICC) releases standards for sustainable trade, providing a framework that assesses the environmental sustainability of transactions.
On November 8, the Asian Development Bank (ADB) and the Indonesian government launched a scoping study to map the pathway for the country’s future national capital, Nusantara, to identify, track, neutralise,… read more →
With the trade ecosystem increasingly shifting towards technological advancements, and a market saturated with options in which to digitise trade processes, it can be difficult to cut through the noise.
To catch up on the latest around trade finance digitisation, Trade Finance Global (TFG) spoke with Michael Vrontamitis, lead industry principal for Finastra’s lending business unit.
Businesses up and down the country are struggling right now with the substantial increase in energy prices and the rise in material costs. Running a business is more expensive than… read more →
UK Export Finance (UKEF) announced on Finance Day at COP27, November 8, that it will become the first export credit agency (ECA) to offer Climate Resilient Debt Clauses (CRDC) in… read more →
Deep-tier supply chain finance can be a powerful tool in the ESG toolkit––but implementing this innovative financing approach will require overcoming some key barriers.
The air cargo market continues to unwind as the global economy slows and consumers tighten their belts in regard to services. The industry is slowly moving into its typical peak… read more →
The world of trade is changing. Increasingly, the topic of environmental responsibility is taking centre stage, with discourse specifically circling around how the finance industry can implement sustainability measures more effectively.
Virgin Money has been accredited under UK Export Finance’s (UKEF) General Export Facility (GEF) programme, allowing more businesses to access export finance support. Samir Parkash, the interim CEO of UKEF,… read more →