There are few textbooks or reference works on international trade finance pertaining to Hong Kong. This text covers all the basic concepts of international trade and takes into account actual practices of trade financing in Hong Kong. The book consists of two sections—the Principles Section and the Practical Guide Section. Risks associated with most trade-finance products are discussed.

This second edition represents a substantial revision to the first edition first published in 1999. Readers will find this book an update of the adoption of UCP–600 and new practices of the services by ECIC and major trade promotion institutions in Hong Kong. Major differences between Incoterms 2000 and 2010 will also be discussed.

The book provides ample and systematic material for the training of practicing bankers, import and export managers, and lawyers. Students of the subject Finance of International Trade of the Associateship Examination of the Hong Kong Institute of Bankers would find this book very useful for preparing the Examination.