Incoterms play a vital role in international trade by defining the responsibilities of buyers and sellers in the delivery of goods. However, misuse or misunderstanding of these terms can lead to ...

A tanker reportedly crossed Hormuz with tracking disabled, as China deployed the surveillance vessel Liaowang-1 to the Gulf of Oman. On Sunday, 8 March, commercial shipping through the Strait of ...

Brian Canup is a former Editorial & Research Assistant at Trade Finance Global (TFG). He graduated with an MA in International Political Economy from King’s College London, and a BA in Political ...

[UPDATED 2026] LCs versus BGs: A Letter of Credit (LC) is a promise taken on by a bank to pay a party once certain criteria are met, whereas a Bank Guarantee is a bank's commitment to pay the ...

[UPDATED 2026] Bills of Exchange and Promissory Notes are independent payment undertakings (debt obligations) from one person to another. They are codified under the Bills of Exchange Act 1882, which ...

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