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NO DEAL BREXIT – SIMPLIFIED IMPORT PROCEDURES

The UK’s departure date is drawing ever nearer, and with each day that passes with no agreed deal in place the likely hood of a no deal Brexit taking is slowly increasing.With that in mind, the HMRC has recently released a set of documents outlining its ‘transitional simplified procedures” for importing goods into the UK from the EUThey will be implemented from 11pm GMT on 29th March 2019, the moment the UK is no longer…

An INCOTERM a day helps keep the confusion away – CPT

What are Incoterms?Before explaining each individual Incoterm, we first need to get to grips with what Incoterms actually are. Simply put, ‘Incoterms’ are International Commercial Terms, 11 rules for the purpose of making who is responsible for what during an international transaction crystal clear. Accepted globally and becoming a requirement in international trade, they take out the risk of a “lost in translation” misunderstanding and in 3 simple letters (bar the odd caveat) it pinpoints…

An INCOTERM a day helps keep the confusion away – FCA

What are Incoterms? Before explaining each individual Incoterm, we first need to get to grips with what Incoterms actually are. Simply put, ‘Incoterms’ are International Commercial Terms, 11 rules for the purpose of making who is responsible for what during an international transaction crystal clear. Accepted globally and becoming a requirement in international trade, they take out the risk of a “lost in translation” misunderstanding and in 3 simple letters (bar the odd caveat) it…

An INCOTERM a day helps keep the confusion away – EXW

What are Incoterms?Before explaining each individual Incoterm, we first need to get to grips with what Incoterms actually are. Simply put, ‘Incoterms’ are International Commercial Terms, 11 rules for the purpose of making who is responsible for what during an international transaction crystal clear. Accepted globally and becoming a requirement in international trade, they take out the risk of a “lost in translation” misunderstanding and in 3 simple letters (bar the odd caveat) it pinpoints…

IMO 2020 SULPHUR CAP – LESS THAN 1 YEAR TO GO

IMO international maritime organisation 2020 sulphur cap blog

January 1st 2020 will be when the IMO (International Maritime Organisation) will enforce its new Sulphur cap, but 2019 is the year we will see the majority of changes that come in to effect as preparation for the more stringent regulations, so its best we start familiarising ourselves with what exactly is going on and what it actually means. Currently, the global sulphur cap is 3.5%, and shipping lines are currently averaging at 2.7%, easily…