Mercuria warns of “legal battles” amid #Hormuz crisis | Commodity trader Mercuria is braced for a wave of contractual disputes, such as force majeure claims, as a result of the conflict in the Middle East, its chief financial officer has said.
https://t.co/qcdxIDfydQ
Denmark’s export credit agency is gearing up to sign several “large” transactions in Ukraine after securing a significant funding injection from the Danish state to support Kyiv’s rebuild efforts.
https://t.co/SuNCKaGzgP
The UK’s Department for Business and Trade has launched a £2.3mn fund to boost UK exports by shaping regulations in key international markets.
https://t.co/G26ihitK9n
The latest GTR magazine, The Supply Chain Issue, is out now! Explore deep-tier SCF, the impact of high interest rates, and more.
Read 4 articles for free each month or start your digital trial today:
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#SupplyChainFinance#TradeFinance#SCF
Dubai Islamic Bank has launched a bid to liquidate a trade finance fund managed by Rasmala Investment Bank, saying it has lost “trust and confidence” in the management of the troubled investment vehicle.
https://t.co/3Ge65XOjYL
US authorities have signalled they will take enforcement action against banks that violate the country’s far-reaching export control regulations, while providing guidance for the first time on how to comply with the rules.
https://t.co/Bpl19F9W8q
The US-China trade war is increasingly dividing the world into two camps, leading allies to prioritise trade between themselves over unfriendly nations, a World Trade Organization working paper suggests – with some important caveats.
https://t.co/YRL3WGNn5R
Credit insurer Atradius has hired the former head of Greece’s export credit agency as deputy managing director, effective immediately.
https://t.co/oFkMefTBV8
Korea’s SeAH Steel Holdings will pump additional investment into an offshore wind factory in England after securing a £225mn financing package backed by the UK and Korean export credit agencies.
https://t.co/UpaPTcTpkB
The International Finance Corporation and Absa have partnered to provide a commodity trade finance facility to Singapore-based Valency International for the purchase of African agricultural commodities.
https://t.co/jmZS7nvWWp
Craig Weeks has joined Baft (Bankers Association for Finance and Trade) as senior vice-president of trade, following his predecessor’s retirement from full-time work.
https://t.co/z0FF53ZiTF
In the latest episode of GTR Trade Insights, we discuss the vibrant e-commerce market and what its evolution means from a funding perspective.
https://t.co/RIrzjsKE9g
GTR speaks with Ruslan Hashev, chairman of the management board of Ukraine’s ECA, about its war risk insurance scheme, ongoing challenges for the agency, and plans to potentially onboard a new shareholder.
https://t.co/cYo7Byiszw
Standard Chartered has launched a revolving credit facility that offers borrowers pricing incentives to hit sustainability targets, with a primary focus on commodities companies.
https://t.co/W3hAb6yar7
After a landmark year for the adoption of electronic bills of lading (eBLs) in containerised trade, digitisation advocates are pushing for usage to double again to 10% by the end of the year.
https://t.co/rxxMgZHFoQ
Bank of Africa, a large commercial bank headquartered in Morocco, has secured a €70mn facility from the African Development Bank to boost trade finance across the continent.
https://t.co/c3jbvhoXmd
HSBC and fintech Tradeshift have launched a joint venture to finance businesses that use e-commerce marketplaces, as the bank bets on growth in embedded finance.
https://t.co/iV9QYUUG60