Trade Finance Global spoke to Chris Southworth, Secretary General of the ICC United Kingdom, and Lesley Batchelor OBE, Director General at the Institute of Export and International Trade about Incoterms® 2020 and what this means for businesses in the United Kingdom
The value of global trade today is around $40 trillion. Approximately 10% of this amount is commodity trade. Therefore being able to predict what is likely for the future of the trade industry to hold is essential for business growth and preparation. Some of the most influential factors on global trade today are
We heard from ICC United Kingdom’s Chris Southworth, Professor Charles Debattista and David Lowe from the ICC Incoterms® 2020 Steering Committee. We hear about the importance of Incoterms® in international trade, why they are changing in 2020, and what businesses should be thinking about in order to prepare for these changes.
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
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.
Exporting is great, but growing your business outside of the homeland faces significant challenges. With geopolitical challenges, trade wars, and a constant need to keep your finger on the pulse in terms of margins and P&L, taking a more strategic approach to growing your export business is critical.
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 →
Hours ago, Theresa May faced a crushing defeat in the House of Commons and now faces a vote of no confidence in the UK Government as MPs voted on her… 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 →
Even though shipping and containerised shipments have been happening for a long time, there is still a lack of basic understanding of the weights used in a container, transport requirements… read more →
We spoke to Hariesh Manaadiar, author of Shipping and Freight Resource on Bills of Lading. It’s important to remember that Commercial/trade information may be important to a buyer or a seller,… read more →
The shipping industry is quite unique in the way it interacts with the global economy. On the one hand, shipping technologies have greatly influenced the way the world has developed… read more →
We spoke to Nick Coverdale, a supply chain expert and industry guru on the commoditisation of freight forwarding. We spoke to Nick Coverdale, a 40-year Supply chain guru about his… read more →
We spoke to Johnatas Montezuma, a shipping expert and specialist in complex supply chain solutions for some useful incoterms and shipping suggestions for first time exporters. A supply chain expert… read more →
