Author: Ed Banks

Incoterms – if you deal in international trade, you’ve likely come across incoterms at some point – they are, after all, the internationally recognised terms to layout agreements between buyers and sellers in the aim of mitigating as much confusion and “lost in translation” moments as possible. With that in mind, we have Brexit and a new European trading relationship upon us with new customs clearance procedures to follow - so it’s best we familiarise…

Following from our previous updates regarding the situation in Bilbao and the disruption it is causing at the Port, we have just been informed, despite extensive negotiations over the last week between the Dockers Union and the Terminal Operators, that a further extension to the current strike period will be enacted. The Strike will now continue until the 09/12/2020. Shipping Lines continue to operate from the port, however the extension in the Strike will mean…

A tragic earthquake in the Aegean has hit Izmir, Turkey. The earthquake, which toppled over 20 buildings and claimed 4 lives so far, is likely to cause disruptions at the port. As the country deals with the disaster, we advise that any shipments coming out of the region to expect delays. As the outward effects of the situation reveal themselves, we will advise accordingly. If any shipments through Banks & Lloyd become affected, your account…

Bilbao Following from our previous messages, the Stevedoring Unions in Bilbao have called for further industrial strikes, set to take place from 09/11/2020 08:00 am and continue until and including 09/12/2020 08:00. We remain to keep a keen eye on the situation, and as it develops, we will inform and advise accordingly. Valencia In other strike related news, Diario del Puerto reports that Valencia Port strikes are set to take place. They are to take…