By integrating the DLPC structure into trace:original documents, the benefits of a payment undertaking supported by BAFT’s best practices can be enjoyed while avoiding the potential drawbacks of a closed consortium.
Your Monday morning coffee briefing from TFG. The WTO is forecasting growth in global merchandise trade of 8.0% this year following a contraction of 5.3% in 2020.
We take a dive into the world of Letters of Credit (LCs) and Standby Letters of Credit – some of the essential tools in cross-border trade transactions.
Comprehensive and accessible data can empower stakeholders when it comes to going green
As the COVID-19 pandemic unfolded in the first quarter of 2020, governments around the world were forced to take drastic actions to counter the socio-economic challenges posed by the crisis.
New research by Barclays Corporate Banking reveals the premium international consumers are prepared to pay for products ‘made in Britain’
#ChooseToChallenge. A catchy tagline, but what does it actually mean? TFG heard from AIG’s Marilyn Blattner-Hoyle on International Women’s Day
ICC invites business leaders and government officials to join the discussion around the future of UK international engagement and the role of the private sector in shaping the global trading environment, in particular with the emerging markets, at its upcoming event – Going Global – which will take place at the Guildhall on 21st October 2019.
Alfa-Bank and Novolipetsk Steel Company (NLMK), in cooperation with Commerzbank, Germany, and Vesuvius GmbH, Germany, have launched a pilot project of cross-border payments via the Marco Polo international trade finance network. For Marco Polo, it is the first Russian-German import-export operations financing project.
The Chinese President Xi Jinping and Filipino President Rodrigo Duterte have met a record number of eight times over the past three years. The subject of the South China Sea has been an increasingly tense regional topic of the past decade.
EORI numbers – or economic operator indicator numbers – are essential for exporters. Based off a company’s VAT number, an exporter needs an EORI in order to complete a Customs Declaration. Till now, UK businesses have not needed to complete such documentation in order to sell into Europe, but this will change with Brexit.
Guidelines to International Factoring Companies engaged in international trade, regardless of their size and industry; often face a demand from the importers for longer payment terms. This means, getting the… read more →
History’s most ambitious and extensive infrastructure project is currently underway. If successful, China will become the world’s undisputed Centrepoint of trade. However, such a triumph will not come easily.
Donald Trump once referred to Kim Jon-un as the Little Rocket Man. And now he says he’s in love with him as he writes beautiful letters to Trump. When it comes… read more →
South Africa has been ranked as the number 39 most innovative region within the Sub – Saharan Africa. Cargo handling and marine services in the ports, as well as cargo… read more →