The International Chamber of Commerce (ICC) and the World Trade Organization (WTO) have published a comprehensive map of digital trade standards, frameworks and initiatives, in an attempt to equip participants in global supply chains with the tools they need to go digital. The Standards Toolkit for Cross-border Paperless Trade, published today and seen by GTR, .
Proposed changes to the treatment of trade finance in the EU’s capital requirements regulations could push up financing costs for businesses and allow insurers a bigger slice of the guarantees market, banks and borrowers claim. The European Commission published the final text of its proposed changes to the Capital Requirements Regulation (CRR) in October last .
The International Civil Aviation Organization (ICAO) and the United Nations Economic Commission for Europe (UNECE) have released new digital air cargo technical specifications guidance that they say will help to accelerate the transition away from long-standing paper-based documents. The specifications, which cover three main documents – the air waybill (AWB), dangerous goods declaration (DGD), and .
Three shipping industry associations have joined forces with the International Chamber of Commerce (ICC) and Swift in a new alliance dedicated to standardising digital trade documents. The Future International Trade (FIT) Alliance brings together the two organisations with the Digital Container Shipping Association (DCSA), the International Federation of Freight Forwarders Associations (Fiata) and the Baltic .
MonetaGo’s hiring spree continues apace with the appointment of Mark Borton to the newly created role of managing director, Australia and New Zealand, effective immediately. Based in Sydney, Borton joins the financial technology solutions provider following 11 years at National Australia Bank, where he held the dual roles of head of transactional and trade sales .