Trade finance

Flexport juices trade finance program with $200M credit line from KKR

A clipboard with business papers titled Trade Financing.

Flexport Capital, the trade finance arm of third-party logistics provider Flexport, announced Thursday it has secured a $200 million credit facility from insurance accounts managed by global investment firm KKR to support continued geographic expansion and development of more financial products.

Flexport’s suite of financial services provides importers and exporters with access to working capital for inventory and logistics expenses. Suppliers often require upfront payment for goods that can be...

https://www.freightwaves.com/news/flexport-juices-trade-finance-program-with-200m-credit-line-from-kkr

Danske Bank adopts Conpend’s TRADE AI app to simplify and enhance efficiency of trade finance processes

Marc Smith, Conpend Founder and Director

Danske Bank has selected Conpend’s Trade AI solution to increase efficiency and compliance in its trade finance offering and kick-start its strategy to achieve process optimisation via digitalisation

LONDON, UK, 22 March 2022 – Danske Bank, the largest bank in Denmark, announces its collaboration with Conpend, a leading provider of technology-assisted document checking software for trade finance processes. Danske Bank will leverage Conpend’s TRADE AI...

https://allaboutshipping.co.uk/2022/03/23/danske-bank-adopts-conpends-trade-ai-app-to-simplify-and-enhance-efficiency-of-trade-finance-processes/

New dltledgers CRO intent on digitally transforming global trade finance

As port congestion and shipment delays grasp consumers’ attention worldwide, the pressure grows for optimized supply chains. While fingers point to port operations and capacity constraints, trade finance could use operational advancements as well.

Trade finance produces the credit and insurance needed for global transactions. These transactions are not conducted simply by an importer and exporter. They include each party’s bank, a freight forwarder, the insurer and inspector, customs, document...

https://www.freightwaves.com/news/new-dltledgers-cro-intent-on-digitally-transforming-global-trade-finance

Tie-up with trade finance platform gives CMA CGM a new edge

CMA CGM wants to give shippers a cash-flow boost with its new range of import and export financing solutions, a new sign carriers are expanding beyond core shipping services.
The French carrier has partnered with Singapore-based fin-tech player Incomlend to launch Shipfin Trade Finance, which it claims will accelerate its strategy of “customer-centricity”.
Mathieu Friedberg, CMA CGM senior vice president for commercial agencies network, said: “We draw on our more than 40 years’ …

The post Tie-up...

https://theloadstar.com/tie-up-with-trade-finance-platform-gives-cma-cgm-a-new-edge/

New Incoterms will affect letters of credit and delivery locations

The International Chamber of Commerce (ICC) has released new revisions to its Incoterms, which will allow shippers to change the way they obtain letter of credit.
Set to come into force on 1 January 2020, the new Incoterms – international commercial terms published to clarify the obligations of buyers and sellers in trade contracts – could change the nature of the relationship between shippers, carriers and trade finance providers.
According to US …

The post New Incoterms will affect letters of...

https://theloadstar.com/new-incoterms-will-affect-letters-of-credit-and-delivery-locations/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.