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FOB, FCA and the Incoterms in the pipelineby Kim Sindberg | January 16, 2018
Some 20 years ago when my work with Trade Finance began – after having worked within the shipping industry – there was a lot of talk about Trade Finance catering for the presentation of electronic documents. At that time, the “new black” was EDIfact. Since then many buzzwords have been floating around – basically aiming for the same goal: To cater for an electronic process within the Trade Finance industry. Today the hot topic is Blockchain. We will see how that plays out, but it is fair to say that the success in making the Trade Finance documents electronic so far has been limited. One reason for that is no doubt that old habits die hard. For example, many LCs still call for a negotiable on board bill of lading – in paper form. For that reason, the presentations made today are largely identical to those made in the 1930es. They are made in paper form, and include a negotiable on board bill of lading.
This has created some challenged within overlapping areas. This is for example the Inco >... Read The Full Post