Webinar for BID Intal (Interamerican Development Bank - IDB)

An honour to have been asked by BID Intal, part of the Interamerican Development Bank (IDB), to deliver a webinar on Trade Finance for Latin American SMEs.
You can watch the webinar at this link.


Cuba and the establishment of the GATT

Answer to a weekend´s brain-teaser I posted in LinkedIn: 
Where and when was the photograph taken?
- Havana (Cuba), November 1947
What was the event? 
- United Nations Conference on Trade and Employment for the establishment of an International Trade Organization (ITO).
The ITO was not established, but the conference set the basis for the establishment of the General Agreement on Tariffs and Trade (GATT) in 1948.

Take care!


Thank you to all Trade Finance professionals

Dear Friends, I hope that you are all well. Amongst those professionals that are still travelling to work in order for the system to run smoothly, lets also thank those that work in the trade finance departments of companies and banks. The digitization of those trade instruments that support international trade, is not complete. In the meantime, under a documentary credit, for example, exporters still have to send original documents that are received and checked by a bank, before being forwarded to the issuing bank and the importer. My thanks to all these professionals.


Incoterms® 2020 presentation in Lima

On 7th November 2019, I had the pleasure of addressing members of ADEX, the Association of Peruvian Exporters, in Lima, on behalf of ICC Academy to talk about the contribution of the Incoterms® to global trade and present the Incoterms® 2020 Certificate (INCO).
The Incoterms® 2020, published by the International Chamber of Commerce will come into effect on 1st January 2020 and this revision includes:

  • more detailed explanatory notes and a more detailed explanation on how to choose the most appropriate Incoterms® rule; 
  • on-board notation and the Free Carrier (FCA) Incoterms® rule;
  • different levels of insurance coverage in Cost Insurance and Freight (CIF) and Carriage and Insurance Paid To (CIP);
  • arrangements for carriage with own means of transport in FCA, Delivered at Place (DAP), Delivered at Place Unloaded (DPU), and Delivered Duty Paid (DDP);
  • change in the three-letter name for Delivered at Terminal (DAT) to DPU; and
  • security-related requirements within carriage obligations and costs.

You can watch the presentation here.

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