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London Forfaiting Company expands team

29 June 2010

London Forfaiting Company has expanded its team with three new staff members.

Read more: [London Forfaiting Company London New York] [Forfaiting]

London Forfaiting Company (LCF) has expanded its team with three new staff members.

Martin Ashurst will join LFC as a senior manager. Based in the firm’s London...


Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.
8%
No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.
23%
No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.
23%
Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.
46%