Pakistan has opened six overland routes to Iran, allowing third-country goods to bypass Hormuz disruption and clear thousands of stranded containers. The new corridor eases pressure on Pakistani ports ...

In the ever-evolving world of global trade, the role of traditional documentary trade instruments like Letters of Credit (LCs), also known as Documentary Credits, becomes increasingly pivotal. As we ...

The UAE has exited OPEC/OPEC+, reducing core membership and signalling internal fractures amid a wider geopolitical energy crisis. The move reflects Abu Dhabi’s push for greater production flexibility ...

Standard Chartered and the World Bank Group’s private-sector lending arm, the International Finance Corporation (IFC), have launched a $300 million risk-sharing facility aimed at expanding trade and ...

[UPDATED 2025] Dive into our comprehensive guide on URDG 758. Learn about its impact on demand guarantees, its principles, and its role in international trade. A must-read for global commerce insights ...

[UPDATED 2026] 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 ...

FCI has published their preliminary World Factoring Statistics for 2023, showing the industry experienced a rise of +3.3% in 2023.

[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 ...

When you purchase marine insurance coverage, it transfers all the liability from you and other stakeholders to the insurance provider. That said –you, as intermediary handling the transported goods, ...

Alexander Klepp is an Underwriting Manager at Credendo, specialising in Guarantees and Specialty Risks with a focus on credit and political risk insurance (CPRI). Charles Osborne is a Director at ...

Today, the ICC DSI released their 2023 Key Trade Documents and Data Elements (KTDDE) report. The report outlines 14 key trade documents, going into depth on the definitions, purpose, and legal ...

Invoice factoring allows a business to grow and unlock cash that is tied up in future income, so that it can re-invest that capital and time is not spent collecting payments. Thus, there is a removal ...