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First European multi-bank BPO
06/06/2014
BP Petrochemicals has completed the first European centric Bank Payment Obligation subject to the URBPO rules. A short press release can be found in the following link:
http://www.gtreview.com/trade-finance/global-trade-review-news/2014/May/BP-agrees-first-European-multi-bank-BPO_11677.shtml
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Recent News
26/11/2024
The latest newsletter is now available in the members trade information section under the category of 'Newsletters'...
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ICC release Technical Advisory Briefing No. 11 - Definition of Trade Finance
19/09/2024
Recognising that there is no global standard for the defining Trade Finance, this Briefing document provides a suggested text and has been recommended for use by the ICC Banking Commisison Steering Committee...
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Latest Question
Applicant - ABC Ltd LC value- EUR 345,600.00 Invoice mentions the goods description and related costs and also adds transportation costs which makes the total invoice amount equal the LC value. 1. Do transportation costs come under C10? 2. Below transportation cost there is a statement "(A foc container valued at Euro 2080 is included in the shipping costs and remains the property of ABC LTD) - how to understand this point? Kindly advise.
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