Almost every traded good in existence has sailed the high seas. The constant flow of products across oceans is necessary for meeting growing consumer demand. However, global shipping is also a significant driver of climate change, emitting more greenhouse gases than most countries.
Your Monday morning coffee briefing from TFG, 12th June 2023
Breach detection is the very essence of EyeSeal. Its standout characteristic lies in its internal installation of the device within shipping containers, delivering a significant edge over externally mounted devices that are susceptible to tampering.
The manufacturing and shipping industries tally up some of the highest, more impactful numbers to the atmosphere’s degradation, adding to an already-intense climate crisis.
To successfully digitalise Bills of Lading, the three necessary foundations are law, standards and technology. Without their proper application, any eBL SaaS platform, notwithstanding the attractiveness of the business model, is unstable.
In international trade, shipping containers are vital for transporting goods safely and securely. To use them, however, many shipping lines require traders to put down deposits – known as container deposits – to safeguard against possible liabilities such as damage, demurrage, or total loss of the container.
At the ICC United Kingdom and C4DTI, Trade Finance Global’s (TFG) Deepesh Patel spoke with Nick Davies, Director of the ICC’s United Kingdom C4DTI, to learn more about their role in accelerating the adoption of digital trade.
Deepesh Patel, editor at Trade Finance Global, spoke to Enno-Burghard Weitzel, SVP Strategy, Digitization & Business Development at Surecomp, in a webinar entitled “Taking trade finance digital – buy vs build.”
Lenders across the world are grappling with the trade finance asset class. In Singapore, a string of legal cases has left banks facing the prospect of staggering losses with the nature of the trade finance asset class, as secure and self-liquidating, facing an existential crisis.
As the commodity trading industry looks back on Q1 of 2023, it is evident that the first three months of the year have been marked by a number of significant events.
Trade is critical in advancing economies, including those in the MENA region. At the same time, trade finance presents unique opportunities for criminal exploitation, also referred to as Trade Based Financial Crime (TBFC).
Your Monday morning coffee briefing from TFG, 17th April 2023
Saying the world’s oceans are vast is an understatement. If one were to sail from Cape Town to Tristan da Cunha, the world’s most remote inhabited island, located over 2,000 kilometres to the nearest land, the voyage would take longer than it took Apollo 11 to reach the moon.
Fraud has been a prevalent issue in commodity trading and financing over the past few years, most recently in relation to cargoes of metals.
To put it lightly, the past few years have been a rollercoaster ride for trade finance. Recent challenges have pushed the industry to the boundaries, which has created significant angst for many. However, this struggle also has a silver lining.