Freight Forwarding

Announced: latest confirmed speakers for the UK-Japan Free Trade Summit: A Shared Political, Economic and Financial Vision for Mutual Benefit (20 January).

Your Monday morning coffee briefing from TFG. Talks between the UK and the EU on their future relationship continue without a breakthrough, and the UK government placed London and much of South East England under tier 4 restrictions.

A documentary trade credit (DTC) is a trade finance substitute for a commercial bank documentary letter of credit. A DTC is issued and negotiated under the same UCP guidelines as a documentary letter of credit; except the funds supporting the instrument are available with a third party international escrow company instead of a commercial bank.

In this article, John Dunlop takes a look at a documentary trade payment (DTP) and whether it can be substituted for a documentary collection using UCP rules.

Freight forwarding, shipping and logistics are undergoing a digital makeover. Connecting the dots, enabling traceability and increasing transparency between parties is a win-win for all actors within global trade. So who’s doing what? As part of TFG & WTOs 2020 Blockchain for Trade study, 7 initiatives in this supply chain space have been mapped.

The Covid-19 pandemic is accelerating trends and technologies that came online before January 2020 and were just getting traction.

Gareth Bridgland from Perrys Chartered Accountants has outlined the main points to help you prepare your company well ahead of the deadline and make any required adjustments as things change.

TFG are delighted to announce a media partnership with the ICC United Kingdom at ICC International Trade & Prosperity Week | The Future of Global Value Chains. 

TFG heard from ICC Austria’s Trade Finance Week, in an update around Letters of Credit and Incoterms, the problems, challenges and opportunities. Featuring Bob Ronai and Hugo Verschoren

ICC has taken the lead to keep trade moving during the Covid-19 pandemic by publishing the eUCP and eURC eRules guidelines for faster and efficient trade transactions.

The Buyer’s Request for Quotation (RFQ) and the responding Seller’s Quotation (QTO) need not be a kabuki dance event that only creates the appearance of engaging in a transaction.

We dive deeper into how Covid-19 impacted the shipping industry. Will the cruise liners be able to financially recover from this outbreak?

There is immense synergy to be unlocked between SMEs and trade finance funds by working closely together and developing relationships that allow for a level of comfort on both sides of the coin to be developed over time.

With competitive digital economy, Colombia will be able to plan for post-pandemic recovery and strengthen regional economies to adopt smart solutions linked to the Internet of Things that allow them to compete in global value chains.

The Local Currency System – SML – resurfaces as an alternative to recover trade flows not only in the Mercosur but also in other regions of the world which can implement it.