HM Revenue and Customs (HMRC) has launched an advance valuation ruling (AVR) service, which provides importers with certainty over the customs value of their goods before they arrive in the UK. From 27 April 2023, traders can apply online for an advanced valuation ruling. The AVR service allows importers to apply for a legally binding…
Turkey is situated at the crossroads of Europe and Asia, making it a natural bridge between the two continents. This strategic location allows access to markets in both Europe and Asia, making it an ideal hub for trade. It has a population of over 82 million people, making it one of the largest markets in…
The UK Government has reiterated to British firms that up to 3,500 firms could face significant delays if they don’t switch over to the UK’s new Customs Declaration Service before it’s brought in. The migration from the old system to CDS will not happen automatically, so firms should start making the change as soon as…
Time is running out to move over to switch to HMRCs new customs system before Septembers deadline - with more than 3500 businesses at risk of severe delays if they do not migrate to the Customs Declaration Service (CDS) before it switches off. Director of programme and operational delivery for borders and trade Julie Etheridge…
Abu Dhabi’s flagship Khalifa Port has been ranked in the top 5 of the Container Port Performance Index (CPPI) for 2021, a performance metric developed by the World Bank and S&P Global Market Intelligence. Strategically located half-way between Abu Dhabi and Dubai, Khalifa Port Container Terminal is the first semi-automated container port in the Gulf…
The shipping industry was already suffering before the current economic sanctions imposed on Russia for their invasion of Ukraine, due to Brexit and COVID-19. The industry has been facing a shortage of vessels and containers when the sanctions meant an increase in the prices. In less than a fortnight, shipping rates have risen tenfold for…
The modern world is heavily reliant on Lithium batteries, they are essential for powering almost everything we use, from mobile phones to electric cars. Compared to traditional batteries they’re smaller, have low discharge rates, fast recharge times and can have up to 25 times the energy density compared to the type of battery you’d normally…
There are three main types of marine insurance, ship or hull insurance, cargo insurance and freight insurance. There are many benefits to purchasing marine insurance, especially when dealing with goods. What is it? Marine insurance provides coverage against any losses that can occur from unforeseen events while at sea. Marine insurance can provide cover for…
Shipping goods via sea freight internationally happens on a daily basis and enables us to obtain products from anywhere in the world with ease. You could say that shipping keeps world trade turning particularly for the construction industry. The recent incident of the sea freight ship getting stuck in the Suez Canal may have prompted…
Ocean ports and freight forwarders are bracing for a challenging month as the aftermath of the Suez Canal blockage reaches Europe and Asia affecting space, equipment and other parts of the supply chain. Ocean ports and freight forwarders are bracing for a challenging month as the aftermath of the Suez Canal blockage reaches Europe and…
