Aug 21, 2024 · CIF seller and buyer obligations – rule by rule. CIF A1 / B1 general obligations. A1 (General Obligations). In each of the eleven rules, the seller must provide the goods and their commercial invoice as required by the contract of sale and any other evidence of conformity, such as an analysis certificate that might be relevant and specified in the contract.

Feb 28, 2024 · Trade Finance Global is the trading name of TFG Finance Ltd (company number: 10305143) and TFG Publishing Ltd (12157036), incorporated in England and Wales, at County House, Third Floor, 14/15 Hatton Garden, London, England, EC1N 8AT.

Nov 27, 2024 · Incoterms 2020 – 7 Key Changes & Updates. Incoterms 2020 introduces seven key changes and updates. While the fundamental substance remains consistent, these subtle adjustments are important for trade specialists to understand.

2 days ago · There are several critical features of documentary credits/letters of credit: Irrevocability: documentary credits constitute an irrevocable undertaking of the issuer to pay, meaning that, once issued, the credit cannot be revoked or changed by the issuing bank.A credit can only be amended or cancelled with the consent of the issuing bank, the beneficiary, and the confirming bank (if any).

Feb 3, 2025 · Trade Finance Global is the trading name of TFG Finance Ltd (company number: 10305143) and TFG Publishing Ltd (12157036), incorporated in England and Wales, at County House, Third Floor, 14/15 Hatton Garden, London, England, EC1N 8AT.

Jan 29, 2025 · Trade Finance Global is the trading name of TFG Finance Ltd (company number: 10305143) and TFG Publishing Ltd (12157036), incorporated in England and Wales, at County House, Third Floor, 14/15 Hatton Garden, London, England, EC1N 8AT.

Dec 17, 2016 · Estimated reading time: 6 minutes A guide to shipping terms and incoterms. Cost and Freight (), Cost, Insurance and Freight (CIF) and Free on Board are three of the terms included in the International Chamber of Commerce’s International Commerce Terms (Incoterms).There is a lot of talk in the global trade world about the incoterms and how to use them – unfortunately for those new to the ...

Jun 7, 2023 · Correspondent banking refers to a banking relationship between two banks, where one bank (the “correspondent bank”) provides banking services to another bank (the “respondent bank”), allowing the respondent banks to access services in foreign markets.

Jan 29, 2025 · [UPDATED 2025] A Standby Letter of Credit (SBLC / SLOC) is seen as a guarantee that is provided to a potential buyer or contractor. An SBLC is payable when called upon by the beneficiary and may be used in international trades or could sit as an element of a construction contract. We explain the application process, fees, examples and FAQs.

Feb 6, 2025 · Summary of the UCP 600. Here are a few of the key elements which make up the UCP 600: Definition of key terms which are prevalent in international trade (e.g. honouring [of payments], applicants, banking days, presentation); How international trade documents (Letters of Credit) can be signed and acknowledged by all parties; The difference between documents, goods and services (and which ...