UK Export Finance (UKEF) has launched a new product to help support small- and medium-sized enterprises (SMEs) through challenging market conditions. Attending the UK Trade & Export Finance Forum 2022, Trade Finance Global (TFG) were on the ground when Minister for Exports Andrew Bowie, announced the launch of the new Bills and Notes. Bills and Notes… Continue reading UKEF ramps up support for SMEs, enhancing global exporting ambitions
Category: Trade Finance
Law Commission launches call for information on decentralised autonomous organisations
The Law Commission of England and Wales has launched a research inquiry asking users and other experts for information about how decentralised autonomous organisations (DAOs) can be characterised. This is being done with a view to finding ways to accommodate legal implementation within England and Wales now and in the future. DAO uses and how… Continue reading Law Commission launches call for information on decentralised autonomous organisations
World Bank Group unveils international low-carbon hydrogen initiative at COP27
On November 15, Energy Day at COP27, the World Bank Group announced the Hydrogen for Development Partnership (H4D), a new global initiative to boost the adoption of low-carbon hydrogen in developing countries. Low-carbon hydrogen offers a solution to decarbonise heavy industries that produce more than 25 per cent of global CO2 emissions, for which there… Continue reading World Bank Group unveils international low-carbon hydrogen initiative at COP27
PODCAST | Float or sink: BIMCO discusses eBL adoption, standards, interoperability
Given the complexity of maritime transport, Annie Kovacevic sat down with Grant Hunter, director of standards, innovation, and research at BIMCO, to learn more about hot topics in the industry.
VIDEO | UK trade and export finance: why now?
Between Brexit, COVID-19, and supply chain disruptions, foreign markets do not look the most inviting for UK businesses.
VIDEO | UK trade and export finance: is it for me?
International markets provide an ocean of opportunity for businesses––broad horizons with no end in sight. But navigating an ocean with nothing but a tiny canoe and a can-do attitude will not end well when the seas get rough. Trade finance can be a lifeline for businesses that find themselves stranded on open water and paddling… Continue reading VIDEO | UK trade and export finance: is it for me?
Auf wiedersehen fossil fuels: Germany’s route towards LNG adoption
In a bid to diversify energy sources and become more eco-friendly, Germany has enacted a grand push toward natural gas.
Pharma drama: supply chain challenges and sustainability concerns
$1.4 trillion dollars. Enough money to make anyone pause. That’s the current worth of the global pharmaceutical industry. The COVID-19 pandemic had far-reaching negative ramifications, but it was also a time of notable growth for the pharmaceutical sector.
Accenture report: overcoming challenges and finding competitive advantage in the trade finance sector
Accenture released a report on findings from an online survey conducted to determine challenges banks are facing, both in retaining trade finance partners, as well as thwarting competition from fintechs.
VIDEO | The role of banks in developing greener, more sustainable trade practices
Trade Finance Global (TFG) spoke to president and CEO of BAFT at Sibos 2022 about the role that banking organisations can play in developing environment, social, governance (ESG) and sustainability best practices within global trade.
Gunvor USA secures $1.45bn borrowing base facility
Gunvor USA LLC, a subsidiary of Gunvor Group Ltd, has successfully closed the syndication of its $1.45 billion uncommitted borrowing base credit facility. The facility includes a $1.16 billion one-year tranche, a $290 million two-year tranche, and a US $500 million accordion feature, which remains available to support future growth. The proceeds of the facility… Continue reading Gunvor USA secures $1.45bn borrowing base facility
The most misunderstood Incoterms® in relation to terminal charges
Incoterms® are the international terms which determine business-to-business practice in the transport and delivery of goods published by the International Chamber of Commerce (ICC). They set out the important fundamentals of the Incoterms® rules, and the contracts surrounding a typical contract of sale for export/import.
BREAKING: COP27 sees ICC unveil new standards for sustainable trade
The International Chamber of Commerce (ICC) releases standards for sustainable trade, providing a framework that assesses the environmental sustainability of transactions.
VIDEO | Digitising trade and supply chain processes: TFG contributes to ICC Academy’s new CDTS course
With the trade ecosystem increasingly shifting towards technological advancements, and a market saturated with options in which to digitise trade processes, it can be difficult to cut through the noise.
VIDEO | Finastra on partnerships and a changing corporate-client experience
To catch up on the latest around trade finance digitisation, Trade Finance Global (TFG) spoke with Michael Vrontamitis, lead industry principal for Finastra’s lending business unit.