Accelerate Scholarship 2022 winner Albert Chris Puja writes about how fintech solutions empower African SMEs with financing alternatives.

Here is a quick rundown of City Week 2022’s main themes covered throughout the first of this three-day conference. 

Robert Meters, director of Schumann International Limited, discusses the current and long-term impacts of the conflict on receivables finance and credit risk management.

In our latest podcast, TFG’s Deepesh Patel spoke to David Meynell to discuss the new rules for digital trade transactions.

We have DAP Delivered At Place (not unloaded) and DPU Delivered at Place Unloaded with in both cases the buyer import clearing. Then we have a step beyond DAP with DDP Delivered Duty Paid, with identical delivery but the seller is responsible for import clearance and VAT/GST.

When searching for a definition of documentary credit, the Uniform Customs and Practice for Documentary Credits (UCP 600) is the best place to start. 

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. 

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).

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.