Letters of Credit (LCs) are instruments which guarantee sellers payment if certain terms and conditions are met. They are frequently used in international transactions and have many different types. We… read more →
Trade Finance is usually used in international commerce in order to pay trading partner when doing overseas business. It is usually used on its own or coupled with invoice finance… read more →
The continued spread of Ebola in West Africa has had a big impact on agriculture and mining. It has deterred both funders and traders from doing business. There are also… read more →
Cash flow is crucial in any business. No matter what your turnover or net profits are, if you don’t have enough cash to pay your employees at the end of… read more →
As a small or medium sized business it stands to reason that you will do what you need to in order to ensure the success (and growth) of your business.… read more →
According to a recent announcement by the Office for National Statistics (ONS) the UK are doing really well in manufacturing industry. Most people assume that the UKs reliability for manufacturing… read more →
It is estimated that the worldwide amount of factoring in 2013 was $3.08 trillion, which is an increase of more than 5 percent from 2013, according to a report from… read more →
Bank Guarantee vs Letter of Credit Letters of Credit reduce the risks of not getting paid after the product has been delivered An LC is a promise by a financial… read more →
Where all documents are to be marked drawn under LC number 123 dated 01.01.2015 and the documents presented mentions ‘LC number 123 dated 01.01.2015.’ How is clause 47A applied? This… read more →
At Trade Finance Global, we’re regularly asked what wording to follow in a trade finance transaction. Such guidance can be found in the UCP 600, which is the Uniform Customs… read more →
This refers to a Letter of Credit when the words “documents acceptable as presented” are used. Typically this means that only 3 elements will be examined: At least one of… read more →
In the Bank of England January 2014 Trends in Lending report some interesting changes are outlined. In the report, the Bank of England looked at major UK lenders including Banco… read more →