The eurozone creditors are getting tired with the pace of Greek reforms. If agreed, billions in bailout loans could be advanced and this could save the country from bankruptcy. At… read more →

When a bank or finance house lends out money they will usually use a reference rate, which in the United Kingdom will usually be LIBOR (London Interbank Offered Rate) or… read more →

There are a number of difficulties with using a Letter of Credit, but they are one of the most widely used instruments for trade. Letters of credit are used in… read more →

At Trade Finance Global, many people ask whether the UCP 600 will be revised. The UCP 600 is a set of rules developed by the International Chamber of Commerce on… 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 →

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 →

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 →