Legal

Letters of credit are the oldest and most common type of short term trade finance, famously described as the “lifeblood of international commerce,” with some commentators suggesting their use stretches back to 3000 BC. What makes them so successful?

AI, internet of things, robotics – what do they mean for trade finance, particularly in the efforts to combat trade-based money laundering?

The digital transformation of the banking operations of guarantees and documentary credits to shift from the paper-based and labour-intensive models to a digital trade ecosystem.

This article posits that human rights due diligence is the most practical approach to addressing climate change concerns and achieving other sustainable development goals.

World trade is central to economic growth and as we emerge from the pandemic, trade is paramount in enabling the global economy to recover. Is the time really now, for digitising trade, and how can advance the dialogue to reduce friction, costs and risk?

Digitalisation has become a global priority, but efforts to digitalise trade have been hindered by legislative gaps.

In the wake of the ICC Uniform Rules for Digital Trade Transactions (URDTT) due to publish next month in October, we explore the meaning of a digital trade transaction – underlying assumptions, regulatory framework and future expectations.

New potential applications of blockchain technology through the lifecycle of the trade are in constant development. However, so much input and so much promise is detaching us from the most immediate and practical ways of adopting this technology in trade finance.

The need for trade digitization has never been more prevalent than it is today, especially with pandemic-induced restrictions emphasizing the inefficiency of paper-based trade. Our Editor, Deepesh Patel sat down with Contour’s CEO and Chief Product Officer, as well as TradeLens’ Head of Strategy and Operations, to discuss how fintech can come together to partner to solve these problems.

The District Export Council of San Diego and Imperial Valley (SDIDEC) has sponsored the first workspace for ICC eRules guidelines for digital trade transactions.

Maritime law or Admiralty law regulates commerce and navigation on the high seas and other navigable waters. Here is everything you need to know about maritime disputes.

Has digital trade finally arrived with the ICC eRules guidelines? John Dunlop explains how this might be true.

Brexit, which is one of the most discussed topics this year, other than the pandemic, has had yet another unexpected impact. With the increase in border control and the free movement of people being restricted, one sector was deeply impacted: the logistics sector.

In this episode of Trade Finance Talks, we discussed the realities of implementing the United Nations Model Law on Electronic Transferable Records into local markets – an incredibly important advancement in accepting electronic signatures.

The supply chain finance industry has been faced with a choice: increase disclosure or continue to face criticism.