ICC Academy

Our highly comprehensive guide to standby letters of credit (SBLC) covers:

✅ What a standby letter of credit is
✅ Why SBLCs are used more commonly in the USA
✅ Risks and considerations to be aware of when using standby letters of credit
✅ An overview of the different types of SBLC available
✅ The differences between SBLCs and other similar instruments including demand guarantees
✅ The rules and regulations you need to know about when using standby letters of credit

The guide is written by Glenn Ransier, Technical Advisor, ICC Banking Commission and the Head of Documentary Trade and Standby LCs with Wells Fargo Bank in North America.

Read it here: https://icc.academy/sblc-guide/

Four modes of transportation are used for the movement of consumer goods in international trade; vessel (water), motor freight (road), rail, and air.

The use of a specific mode of transport is driven by the varying importance of a range of factors:

- Cost (The carrier’s charge for the transport of the shipment)
- Speed (The time anticipated to complete, or the urgency of, the shipment)
- Security (Likelihood of pilferage or damage)
- Capacity (The volume of cargo that can be delivered)
- Flexibility (Availability of service and how customizable is the time of shipment)
- Environmental Impact (Is shipping being done in the most environmentally friendly way)

We examine each of these factors in our guide to transport and logistics, which you can read here: https://icc.academy/transport-and-logistics/

For our latest interview on trade and supply chain digitalisation we spoke to Andre Simha, Global Chief Digital & Information Officer at MSC Mediterranean Shipping Company. André is also a key contributor to our Certificate in Digital Trade Strategy.

In this interview, we discuss the impact of the Covid-19 pandemic on the trend towards digitalisation as well as some of the key developments to look out for in the digitalisation of trade over the next 3-5 years!

https://icc.academy/digital-transformation-andre-simha/

Our series of interviews on digital trade continues with Raoul J. Renard, Attorney and former Deputy Director, Legal Reform International Chamber of Commerce Digital Standards Initiative (DSI).

Raoul is also the author of module 3 from our Certificate in Digital Trade Strategy (CDTS) which focuses on the making of an enabling legal environment for digital trade.

Raoul discusses the key benefits of electronic transferable records (ETRs) and how the UNCITRAL Model Law on Electronic Transferable Records (MLETR) can help accelerate their widespread adoption. https://icc.academy/digital-trade-legal-environment/

The place and time of production of commodities is usually different from the place and time of consumption. Hence, physical trade will always need to take place, either to bring it from location to location, and/or to bridge the timing gaps.

Commodity trade finance is the financing of the physical trade (purchase and sale) in commodities and may take the form of one of a number of different structures. You can find out more about each one in our guide to commodity trade finance, written by Lynn Ng, Chair of the International Chamber of Commerce Banking Commission and Global Head - Commodities, Food & Agri, ING

https://icc.academy/commodity-trade-finance-guide/

Next up in our series of interviews with the 20+ course authors from our upcoming Certificate in Digital Trade Strategy (CDTS), is a discussion with Stephan Wolf, CEO, Global Legal Entity Identifier Foundation (GLEIF).

In this post Stephan shares his expertise on the issue of corporate digital identity and how LEIs (a legal entity identifier) help to tackle the issue of “who is who” and “who owns whom” in global trade.

Thank you Stephan!

https://icc.academy/lei-supply-chain-digitisation/

Today we are highlighting another of the 20+ course authors for the new Certificate in Digital Trade Strategy (CDTS). Grant Hunter is the Director, Standards, Innovation and Research for BIMCO, one of the world's largest shipping associations.

Grant shares his expertise in Module 4 of the CDTS - Exchanging trade and supply chain data in a trusted environment - specifically a lesson on the BIMCO eBL standard.

Learn more about the CDTS here: https://icc.academy/digital-trade-strategy-certificate/

In case you missed it, we are now accepting pre-orders for the Certificate in Digital Trade Strategy (CDTS).

Jointly produced with International Chamber of Commerce Digital Standards Initiative (DSI), the online certification is designed to give you a macro-level understanding of the different components required to digitise trade and supply chain processes at scale.

Learn more here: https://icc.academy/digital-trade-strategy-certificate/

We are very excited to announce that you can now pre-order the Certificate in Digital Trade Strategy (CDTS)!

Jointly produced with , this self-paced online certification brings together the expertise and insights of more than 20 industry champions, legal experts, innovators & public policy officials to give you a complete picture of what is needed to digitise your trade and supply chains.

If you pre-order before 9 November you will receive our special early-bird rate of US$399, a saving of US$100 on the regular price.

Learn more: https://icc.academy/digital-trade-strategy-certificate/

Find out more about reverse in our introductory guide by Anthony Rajan, Senior Vice President - ITFS Operations at Vayana Network.

The guide covers what it is, its purpose, some use case examples, differences with factoring and a typical process flow for a reverse factoring transaction. https://icc.academy/reverse-factoring-guide/

Next up in our series of interviews with course authors from the upcoming Certificate in Digital Trade Strategy (CDTS), is Emmanuelle Ganne from the World Trade Organization.

In this post Emmanuelle answers questions like:

❓ Why should an organisation make digitising their trade and supply chains a priority?

❓ What do you see as the biggest obstacles to trade and supply chain digitisation?

❓ What are some of the common challenges faced by large, complex supply chains?

Thank you Emmanuelle for sharing your insight and expertise! Link in bio.

Next up in our series of interviews with digital trade experts is Emmanuelle Ganne from the . We cover why organisations should make digitising their supply chains a priority and some of the obstacles are to digitisation

https://icc.academy/digital-trade-emmanuelle-ganne/

Read our introductory guide to Islamic finance to discover more about the different modes and instruments used in Islamic finance, their differences to conventional methods and how this method of financing fits in with international trade. https://icc.academy/islamic-finance-guide/