ICC Rules on Forfaiting Now in Effect

7 January 2013, Paris
The ICC’s new Uniform Rules for Forfaiting (URF) came into force on 1 January 2013.
The rules have been developed in cooperation with the International Forfaiting Association (IFA) and complement other ICC uniform rules – the Uniform Customs and Practice for Documentary Credits (UCP).
ICC Rules on Forfaiting
Find more details here.

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  1. #1 by Mike on January 8, 2013 - 2:57 PM

    Interesting. I had never heard of “forfaiting.”


    • #2 by Bogdan Marius Beleuz on January 8, 2013 - 3:05 PM

      I’m glad you find a new concept on my blog. Forfaiting is a form of international supply chain financing. Please find more here, for example. Thank you for visiting and comment.


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