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Posts Tagged ‘guarantee of payment’

The Importance of the Uniform Rules for Demand Guarantees in Times of COVID-19 Pandemic

With this global pandemic, it is recommended to encourage the use of guarantees and counter-guarantee subject to URDG 758 as it provides a balance between the interests of all the parties involved.

Haitham YoussefArticles, Bonds, Guarantees and Letters of Credit, Coronavirus, Legal, Letters of Credit, Services, Structured Terms of Payment, Technology

The Dirty Dozen: Trade Finance Mythology

Change is not just coming; change is here today, now. The impact of using electronic trade documents instead of hard copies of bills of lading, invoices, packing lists, and certificates to settle trade transactions via the Internet will be as profound to global trade finance as the containerization of cargo was to logistics.

John DunlopArticles, Featured, Invoice Finance, Letters of Credit, Risk, Trade Finance
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