Estimated reading time: 2 minutes
Your Monday morning coffee briefing from TFG:
- Dani Cotti: 6 lessons from the tradetech industry
- Letter of Credit definition: Breaking down the confusion
- Letter of Credit: On the basis of the documents alone
- Getting nicked for half a billion dollars – an analysis on Trafigura’s “systemic” nickel fraud
- Carbon neutrality in commodity trading: A need for standardisation
- Adaptability in commodity trading: taking lessons from a family business
- ICC releases study on MSME digital exports in ASEAN markets
- Saving $6.5 billion through eBills of Lading – DCSA commits to standardisation by 2030
Dani Cotti: 6 lessons from the tradetech industry
2022 was a year of seismic and rapid changes for international trade and trade finance. War in Europe, COVID-19, and inflation created unimaginable disruptions in the industry. Read more →
Letter of Credit definition: Breaking down the confusion
Though an important instrument in international trade, letters of credit are complex, and their definition can cause confusion. Read more →
Letter of Credit: On the basis of the documents alone
UCP 600 article 2 states that a “Complying Presentation means a presentation that is in accordance with the terms and conditions of the credit, the applicable provisions of these rules and international standard banking practice. Read more →
Getting nicked for half a billion dollars – an analysis on Trafigura’s “systemic” nickel fraud
On the 9th February, Swiss-based commodities trader Trafigura alleged that it had been exposed to “systemic fraud” to the value of $577 million of nickel, in relation to UAE-based businessman Prateek Gupta’s London trading company TMT Metals Holdings Ltd, and companies connected to him. Read more →
Carbon neutrality in commodity trading: A need for standardisation
While consensus and recognised standards exist for carbon footprint measurement and reporting, carbon offsetting and the quality of underlying projects are still subject to debate. Read more →
Adaptability in commodity trading: taking lessons from a family business
Daniel Barbosa of Fex Agro shares his personal experience, lessons learned and adaptability in commodity trading. Read more →
ICC releases study on MSME digital exports in ASEAN markets
MSMEs form the backbone of the economies of the Association of Southeast Asian Nations (ASEAN). Yet, despite their contribution to ASEAN economies and society, participation in exports and global markets. Read more →
Saving $6.5 billion through eBills of Lading – DCSA commits to standardisation by 2030
Today the Digital Container Shipping Association (DCSA) announced a commitment for its members to transition from paper bills of lading to electronic bills of lading by 2030. Read more →
