Uniform Rules for Digital Trade Transactions (URDTT) Version 1.0 released by the ICC, October 2021.
These are the first ICC universal rules for completely digital trade transactions using Internet protocols. The following are edited highlights.
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.
What is export factoring? When a deal or trade happens between a buyer and a seller, the seller will ship the goods and raise an invoice for the buyer to… read more →