[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 ...

An FCL refers to one full container load and the decision whether to go for FCL or LCL will be a product of cost, time, underlying product, transport method, amongst many other elements. As it will be ...

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 ...

[UPDATED 2025] 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 ...

What about the eUCP Recently, the ICC updated eUCP 600 rules (eRules), to accelerate the digitilisation of trade finance. Trade Finance Global have published the updates on the eRules for ‘eUCP 600’, ...

Join the TFG Trade Finance Forum 2025 in London on 9 December, bringing together banks, insurers, fintechs, and SMEs to explore key challenges in trade finance. Discuss unlocking liquidity, improving ...

Letters of Credit Welcome to TFG’s Letters of Credit hub. Find out how we can help you access Letters of Credit to increase your imports and exports to guarantee the payment and delivery of goods – or ...

[UPDATED 2025 ] Ultimate Guide to UCP 600 - what is the UCP 600? An in-depth guide to the latest version of the Uniform Customs and Practice for Documentary Credits convention (UCP 500 and UCP 600), ...

[Updated 2025] LCL (Less-than-container Load) is a shipping term used to describe container loads which are filled by multiple orders or goods. When shipping a small volume of stock by container ship, ...

[UPDATED 2025] As with many other commodities, pricing volatility drives commercial strategy for firms engaged in the international trade of petrol and gas. Geo-political, operational and financial ...

HSN stands for ‘Harmonized System Nomenclature.’ The WCO (World Customs Organization) developed it as a multipurpose international product nomenclature that first came into effect in 1988 with the ...

The purpose of Bonds and Guarantees is to provide the buyer with insurance of sorts should there be a failure by the seller to meet their contractual obligations. The 3 different types of bonds and ...