Home About us Pay subscription Contact

Register

News

News Categories
Recent News

News by Month

Launch of the WTO Data portal

20/11/2018 On 16 November, the WTO launched its new online database. The WTO Data portal brings together a wide range of statistical indicators on international trade and other WTO-related information.

Users can now find in one database both annual and short-term (quarterly and monthly) data on merchandise trade and trade in commercial services, as well as information on bound, applied and preferential tariffs, non-tariff measures and Foreign Affiliate Trade Statistics.

https://www.wto.org/english/news_e/news18_e/stts_16nov18_e.htm

Back to recent news

Recent News

ICC Trade Advisory Briefing list updated 28/08/2025

The list of ICC Trade Advisory Briefing notes has been updated with numbers 13 and 14...more

TradeSpeed - the Automated Document Examination platform of choice 22/08/2025

I have mentioned previously that I have been acting as an advisor/consultant to a company called Complidata who are based out of Belgium...more

Latest Question

Refer to UCP 600 article 39. The presenting bank (bank B) has sent a full set of documents to the issuing bank (bank A) and bank A has sent an advice of acceptance to bank B and will effect payment on the due date. Before due date, bank B requested bank A to assign full proceeds to bank C. Subsequently, before due date, bank C requested bank A to assign full proceeds to bank D. Question: 1. Beginning, can bank A refuse bank B’s assignment request, and insist on effecting payment to bank B on due date? Bank A informed bank B as follows: The assignment agreement exists between your bank, the beneficiary and bank C, our bank is not a party of the assignment agreement, we refuse your assignment request. At due date, we will effect payment to your bank. After receipt of the proceeds, your bank may assign proceeds to bank C at the request of the beneficiary. 2. If bank A agreed bank B’s assignment request and replied “at due date, we will effect payment to bank C”, can bank A refuse bank C’s assignment request, and insist on effecting payment to bank C on due date? Bank A informed bank C as follows: As per UCP 600 article 39, only the beneficiary has the right to assign any proceeds, we have agreed effecting payment to your bank on due date at request of the beneficiary and bank B, we refuse your assignment request. At due date, we will effect payment to your bank. After receipt of the proceeds, your bank may assign proceeds to bank D.