What are Incoterms and what is their origin? Incoterms—an abbreviation of 'International Commercial Terms'—are a set of globally recognised terms and...
Pre-export finance (PXF) is an established structure used to provide finance to producers of goods and commodities (see Practice Note: Pre-export finance—structure,...
What is pre-export finance (PXF)? PXF is an established structure used to provide finance to producers of goods and commodities. It is a type of trade finance. PXF...
PXF facilities are usually secured by: • security over the borrower/producer’s rights under a long term ‘offtake contract’ (ie a sale and purchase contract between the...
Prepayment finance is an established structure used to provide finance directly to buyers of goods and commodities and indirectly to producers of goods and...
What is prepayment finance? Buyers frequently provide finance facilities to commodity producers by way of paying in advance for goods and commodities. Prepayment finance...
Prepayment finance structures are based on two credit agreements: • a prepayment contract (the 'Prepayment Contract') between the buyer/trader (known as the offtaker) and...
Introduction Despite its name, the provisions of the Small Business, Enterprise and Employment Act 2015 (SBEEA 2015) are of general application to companies in the UK and...
BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This may have an impact on the information in this Practice Note...
Insurance plays an important role in trade and commodity finance transactions. While many of the risks inherent in financing trade can be mitigated or reduced through...