TFG spoke to UCP 600 expert David Meynell, senior technical advisor for the ICC Banking Commission and digital rules advisor to the Centre for Digital Trade and Innovation, to discuss the evolution of the UCP 600 and supplementing rules for documentary credits.
In 2019, FCI formed a working group called “Receivables as an Investable Asset Class” (RIAC). It was comprised of FCI members and companies who operate as funds supporting the
The last decade has seen a substantial change in global trade bank attitudes towards innovation and collaboration.
✍️ In this article, Carter Klein of Jenner & Block talks about independent vs. accessory guarantees, corporate guarantees in the US, and the cases of Shanghai Shipyard and Bank Audi.
The UK’s Department of International Trade has announced a five-year partnership with Barclays bank to ‘broaden, deepen and sharpen’ efforts to promote trade with UK plc. What could this mean… read more →
Certified Documentary Credit Specialist Ravi Jinugu explains the motivations and rationale for variation of Incoterms® rules.
For decades, trade document checkers at banks have mastered the crucial, time-consuming, and somewhat niche skill of manually reviewing complex documents to ensure they meet international standards.
This article looks at the URDTT as it is applied to the first known commercial application: the eDTT Workspace.
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).
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 →
Arbitration is a process by which parties to a commercial transaction settle disputes. It is an alternative to litigation, which takes place in domestic courts.
The latest WTO-ICC DSI toolkit can help companies and government agencies adopt available standards to accelerate the digitalisation of trade processes
The Berne Union, also known as the International Union of Credit and Investment Insurers, has announced the launch of a new Climate Working Group (CWG). The CWG will aim to… read more →
The International Chamber of Commerce (ICC) and the World Trade Organization (WTO) have today published the first-ever toolkit to help companies and government agencies adopt available standards to accelerate the… read more →