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ICC release Technical Advisory Briefing No. 11 - Definition of Trade Finance

19/09/2024 Recognising that there is no global standard for the defining Trade Finance, this Briefing document provides a suggested text and has been recommended for use by the ICC Banking Commisison Steering Committee.

TA Briefing 11 - Definition of Trade Finance.pdf

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

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ICC release Technical Advisory Briefing No. 11 - Definition of Trade Finance 19/09/2024

Recognising that there is no global standard for the defining Trade Finance, this Briefing document provides a suggested text and has been recommended for use by the ICC Banking Commisison Steering Committee...more

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Presented invoice shows: Good value: USD100.00 Pre-payment: USD20.00 Total value: USD80.00 When the insurance document is silent with regard to the percentage of coverage, the amount of insurance coverage must be at least USD110.00. When the insurance document stipulates the percentage of coverage as “110% of INVOICE AMOUNT”, the amount of insurance coverage also must be at least USD110.00 rather than USD88.00 Please confirm.