Introduction: Trade Finance is a fascinating field that combines banking, international trade, logistics, law, and risk management. Many professionals from different backgrounds are now considering it as a long-term career but often wonder where to start. The following question comes from a business analyst preparing for the IIBF-CITF certification and seeking guidance on building a solid foundation in international trade. …

“Tối nay, Tây Ban Nha ăn mừng chức vô địch thế giới, nhưng trái tim tôi cũng hướng về Lionel Messi. Là một đối thủ, bạn luôn mơ ước đánh bại người giỏi nhất. Là một người yêu bóng đá, không thể không xúc động khi chứng kiến một huyền thoại rời sân với quá nhiều đau đớn.” “Tôi đã …

Tomorrow morning at 2:00 a.m. (Vietnam time), Spain and Argentina will meet in the 2026 FIFA World Cup final. It will also be a symbolic showdown between Messi and Yamal. Nineteen years ago, Messi—a 20-year-old Barcelona youngster at the time—held and bathed Yamal, who was just five months old, during a charity photo shoot. Today, 19-year-old Yamal has become an …

Sáng mai, vào lúc 2:00, trận chung kết World Cup 2026 giữa Tây Ban Nha và Argentina sẽ diễn ra. Đây cũng là cuộc đối đầu đầy duyên nợ giữa Messi và Yamal. Mười chín năm trước, Messi – khi ấy là chàng trai 20 tuổi của Barcelona – đã bế và tắm cho cậu bé Yamal mới khoảng 5 …

Hôm nay lướt Facebook, tình cờ bắt gặp Sếp cũ đăng tút về Lễ kỷ niệm 100 năm ngày sinh kẻ sĩ Nam Bộ Trần Bạch Đằng – một chính khách, nhà nghiên cứu, nhà văn, nhà báo kỳ cựu của Việt Nam. Ông còn được biết đến với bút danh Nguyễn Trương Thiên Lý, tác giả kịch bản Ván …

Introduction A reader asked whether an issuing bank may agree to amend a letter of credit by removing the phrase “irrespective of percentage” from the insurance requirement. Would such an amendment create any risk for the bank, particularly where the insurance policy or certificate is required to be endorsed in favour of the issuing bank? The answer lies in understanding …

Introduction Under UCP 600, banks examine whether the documents presented comply with the terms and conditions of the letter of credit. A common question is whether an insurance document is acceptable when it provides broader insurance coverage than that stipulated in the credit. In this Q&A, Mr. Old Man explains why an insurance document evidencing Institute Cargo Clauses (A) (ICC …

Introduction When an applicant requests an amendment to increase the value of a documentary credit, banks often require supporting commercial documents to justify the amendment. But what if the beneficiary refuses to issue a revised proforma invoice or to indicate that the invoice has been revised? Is the issuing bank still able to process the amendment? The following Q&A discusses …

A transferable letter of credit allows the first beneficiary to transfer all or part of its rights under the credit to a second beneficiary. While UCP 600 permits certain terms of the transferred credit to be reduced or curtailed, not every provision may be changed. In this Q&A, a reader asks whether the deferred payment period in a transferred credit …

Before the blockbuster clash with England, Argentina reportedly asked FIFA for permission to wear their dark blue away kit instead of the traditional sky-blue-and-white stripes originally scheduled for the match. And FIFA said yes. That little “good luck charm” probably wasn’t a coincidence. It brought back memories of the 1986 World Cup quarter-final—also against England. On that famous day, Argentina …