CoronAdvice – covid-19 from a Trade Finance perspective
A novel coronavirus outbreak was first documented in Wuhan, Hubei Province, China in December 2019, and has since spread globally, resulting in the 2019–2020 coronavirus pandemic.
This book answers and offer guidance to most of the Trade Finance questions and issues raised during the covid-19 crisis.
In response to the many Trade Finance questions relating to the covid-19 crisis, Kim Sindberg started publishing a series of lcviews blog posts under the segment “CoronAdvice”. Between the blog posts, Kim Sindberg decided to collect them as well as some of the articles published in the LCM Newsletter and include them into this book. Of course, this book also contains previously unpublished material, just as there are 2 guest chapters written by A.T.M. Nesarul Hoque and Vinod Elambilan Padinhere.
Although the chapters in this book focus on covid-19 issues, the information apply equally to other situations – whether or not there is an ongoing pandemic.
As a result, this book provides an overview of the covid-19 crisis from a Trade Finance perspective.
Who it’s For:
- Trade Finance Operations
- Documentary Credit Operations
- Transport Operators
Table of contents:
2: Force Majeure part 1
3: Force Majeure part 2
4: ICC Rules on Force Majeure
5: Beneficiaries under Documentary Credits subject to UCP 600
6: Applicants under Documentary Credits subject to UCP 600
7: Problems in sending documents under Documentary Credits and Collections
8: Electronic presentations under Documentary Credits and Collections
9: Dates and Timelines under Documentary Credits
10: Signatures and the issue of originality
11: The article 35 controversy
12: ICC Opinion TA902
13: ICC document on the interpretation of UCP 600 article 35
14: New Clauses and Workarounds due to covid-19
15: Incoterms® 2020 and covid-19
16: The covid-19 Chronicles
17: A.T.M. Nesarul Hoque: covid-19 Pandemic and the Delay In Delivery of Documents
18: Vinod Elambilan Padinhere: What covid-19 Is Showing Us About the Future of Trade
Appendix 1: Guidance paper on the impact of COVID-19 on trade finance transactions issued subject to the ICC rules
Appendix 2: Interpretive Paper on the correct interpretation of the first paragraph of UCP 600 article 35
The book is available in online bookstores. The book is also available as an eBook; e.g. in iBooks (Apple) and for Kindle (Amazon).