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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…

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…

STEP 5 OF 5 FOR IMPORTERS PREPARING FOR A NO DEAL BREXIT – DISRUPTION AT PORTS

It is unknown what the level of disruption at major UK ports will be, but we expect immediate short-term disruption whilst the UK adjusts to life outside of the EU, in the event of a “no-deal Brexit”. We recommend that our customers ensure they have the appropriate steps in place to cope with potential severe…

STEP 4 OF 5 FOR IMPORTERS PREPARING FOR A NO DEAL BREXIT – VAT

The government has announced that in a “no deal Brexit” scenario it will introduce postponed accounting for import VAT on goods brought into the UK. This means that UK VAT registered businesses will be able to account for import VAT on their VAT return, rather than paying import VAT on or soon after the time…