As part of the Incoterms 2020 Media Alliance with the ICC UK, Trade Finance Global reports important information on the rules that are changing for Incoterms at the end of the year. Using the wrong ICC Incoterm when trading goods worldwide exposes companies to greater risk and cost in the form of lost goods or unnecessary disputes

PARIS, 12th June. Today marks the release of the ICC Banking Commission’s 2018 Trade Register Report – again highlighting the low-risk nature of trade finance in comparison to other asset classes.

The ecosystem of cross border trade can be a complex one, and a level of assurance is needed to ensure proper levels of trade can be reached as efficiently as possible. A Bill of Lading, sometimes shortened to B/L acts as such assurance, as when issued by a carrier of goods it presents acknowledgement of the receipt of the cargo for shipment.

The Gartner hype cycle serves as a tool to help decision makers and investors gauge the actual current state of a technology in a given domain, separating its real-world utility from its surrounding hype and disillusionment. The cycle was first introduced in 1995 and has since served as an accurate representation of the typical progression of an emerging technology.

With numerous bodies and organisations speculating, pre-selling courses and providing information on fake incoterms, TFG gets behind incoterms 2020, why there are rumours, what’s fake, and what’s true.

A Bill of Lading (abbreviated to B/L) is one of the most important documents in the global trade transactions. A B/L has 3 basic purposes or roles:  Evidence of Contract of Carriage… read more →

Alongside the technical and industrial advances of the last 50 years, the ability to trade freely with the Single market has benefited Britain’s businesses well in recent times. So well… read more →

A possible No Deal Brexit will have a profound impact on any importers, exporters, traders or producers that trade between the UK and the EU. This includes corporates with large… read more →

HM Revenue & Customs has just published an updated version of the Partnership Pack on GOV.UK to help businesses plan for the possibility of a ‘no deal’ EU Exit. Businesses… read more →

A judgment handed down by the English Commercial Court in 2018 illustrates how trade finance banks can find themselves facing unexpected risks when things go wrong in their customers’ trading… read more →