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Berne Union issues its annual report to celebrate its 80th birthday

21/05/2014 The Berne Union 2014 report, known as BU80, has some 23 feature articles by prominent people from the agencies, private insurance and export finance sector. Berne Union 2014.pdf

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Summer 2025 Newsletter added to Members Trade Information section 08/08/2025

The latest newsletter is now available in the members trade information section under the category of 'Newsletters'...more

Achieving inclusive AI - a paper issued by ICC 08/07/2025

With AI becoming more and more involved with trade finance, the ICC has issued the following paper...more

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1. Please explain the terms FREE IN (FI) and FREE OUT (FO). 2. Please explain the term THC (terminal handling charge). Is it a cost additional to freight? 3. The credit calls for a bill of lading to be marked freight prepaid, and the port of discharge is actually an inland city. Presented bill of lading shows the place of destination as this inland city, but indicated “ocean freight prepaid” rather than “freight prepaid”. In my opinion, it is not acceptable. Please confirm.

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