Global economies are fighting covid-19 at significant economic costs as social distancing and reduced mobility came up as the most effective ways till date. The strategies caused slowing down or halting of economic activities and international trade1 resulting in huge costs. The dynamics and complexities of the current situation of international trade have notable implications for importers, exporters and lenders or trade financing institutions. All major trading partners are already in the intense grip of Covid-19, and facing international trade contractions, commitment failures, cancellations of orders and supply chain uncertainties. These serious challenges of international trade transactions are getting translated into the disruption and shrinkage of trade financing activities.