The International Chamber of Commerce (ICC) Banking Commission has released its 2017 Trade Register report—Global Risks in Trade Finance. The report reveals the low-risk nature of transactions that support global… read more →

At Trade Finance Global we get asked a lot of questions around Letters of Credit, so we’ve put together a quick cheat sheet on LCs, payment times and the presentation… read more →

Standby Letters of Credit Explained In relation to LCs, typically we see a buyer and seller open Letters of Credit and when the terms within such LC are fulfilled, it… 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 →

What is the procedure by the beneficiary banks (not a negotiating bank) if there is a restricted Letter of Credit (LC)? The bank could tell the beneficiary to present documents… read more →

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 →

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 →

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 →