Trade digitalisation is reshaping banking as digital transformation in trade pushes banks to build more connected, efficient ...

Leading trade finance technology and software company Komgo just announced its new flagship product, a next-generation business application for trade finance. The web-based solution, called Global ...

The LME’s 2022 nickel crisis showed that executed trades can still be cancelled under the rules governing an exchange. Trade execution does not always mean irreversibility, particularly when ...

Incoterms can significantly affect VAT liability, import responsibilities, and the ability to recover import VAT. Choosing between DDP, DAP, FCA, and FOB can create very different tax and customs ...

Kenya-based ETG has expanded its sustainability-linked syndicated loan from $395 million to $600 million to improve formal financing access for smallholder farmers across Africa. The loan reduces ...

These factors determine which risks suppliers are vulnerable to and how much they should be worried about them. Each risk broadly corresponds to a type of insurance (see Chapter 5 for a detailed ...

The loss of goods in transit is often covered by freight, marine, or cargo insurance. The party responsible for organising freight insurance varies, and is determined by the international commerce ...

When a supplier offers credit payment terms to its customers, it assumes the risk that the customer may fail to pay, either partially or in full. This risk is reflected in the company’s accounts ...

Political risk is the risk that a transaction will be affected because of political events. Political risk is one of the most common types of risk specific to international trade: it can look like ...

At a basic level, TCI covers accounts receivable – the money that’s owed for open account transactions – in situations where a customer fails to pay due to insolvency or protracted default, a ...

Somali pirates seized a suspected Iranian shadow-fleet vessel off Yemen on 20 August, the second hijacking this week. Piracy in the Gulf of Aden and Somali waters has risen sharply, with 17 incidents ...

First Brands Group’s bankruptcy highlighted the failure of US accounting standards to adequately disclose off-balance sheet financing. Despite reforms from the Financial Accounting Standards Board ...