British Chancellor Rishi Sunak today presented his Autumn Budget of 2021 to the UK House of Commons.
French international bank BNP Paribas has executed a green repurchase agreement (repo) transaction with state-owned utility company Électricité de France (EDF). The two companies have worked jointly to structure and… read more →
The pandemic and the ensuing disruptions in how the world produces, transports, stores, and consumes bulk commodities is placing physical inventory control and monitoring in the cross-hairs of revolutionary change.… read more →
British tea and coffee supplier Union Papertech has secured government support for its latest expansion into the production of environmentally-friendly tea bags. The Manchester-based firm has signed a deal with… read more →
Macquarie Shipping Finance, a specialist in providing finance to SME shipowners has now financed over 190 vessels, with a total market value of more than $US3 billion. Following four years… read more →
Roughly 30 CEOs and Chairpersons of industry-leading companies call on governments to resolve geopolitical tensions, focus on trade reform and avoid protectionism. The trading system must adapt to address new… read more →
Commodity trade finance fraud and losses, along with trade finance digitization, have emerged as common themes in trade finance recently.
Since the inception of UCP 600, trade finance professionals, in particular, the letter of credit community, have been discussing the need for and consequences of modifications and exclusions to the rules in commercial LCs issued under UCP 600.
Eighteen months into the COVID-19 pandemic and shipping bottlenecks are challenging companies to meet demand. The global outlook is uncertain, however, that does not mean doom and gloom, making way for a new thought process.
Though you may be familiar with the terms demurrage and detention in the context of the container business, this article will be focusing on the process of laytime and demurrage in those cases where the vessel is chartered to move oil, chemicals, or dry bulk.
