News

What are INCO terms?



July 15, 2024 /

Incoterms (International Commercial Terms) are a set of predefined commercial terms published by the International Chamber of Commerce (ICC). They are widely used in international and domestic trade contracts to define the responsibilities of sellers and buyers for the delivery of goods. The terms outline who is responsible for various costs and risks, such as transportation,…


The benefits of different types of freight – road, sea, air and rail



June 17, 2024 /

Each mode of freight transportation—road, sea, air, and rail—offers distinct advantages, and the choice often depends on factors such as the nature of the cargo, destination, time sensitivity, cost considerations, and environmental impact. Here are the benefits of each type of freight transportation: Road Freight:Flexibility: Road transportation is highly flexible, allowing for door-to-door delivery services,…


T1 Bonds explained



June 10, 2024 /

A T1 bond, also known as a T1 transit bond, is a financial instrument used in international trade and customs procedures. The "T" in T1 refers to transit, indicating that the bond is associated with the movement of goods in transit between customs territories. Here's an explanation of T1 bonds: Purpose of T1 Bonds: T1…


With war in Israel, how are the ports being affected?



October 17, 2023 /

Israel’s air cargo and marine gateways for trade are functioning under signs of strains as the country’s war against Hamas continues. The backlog of ships is growing at Israeli ports while operations continue at most terminals amid preparations by the military to launch a ground assault in the Hamas-controlled Gaza Strip. Ashdod port has imposed…


Why is the Panama Canal being affected by drought?



October 11, 2023 /

Drought conditions can have significant impacts on the operations of the Panama Canal, which is a vital maritime route connecting the Atlantic and Pacific Oceans. The Panama Canal relies on a system of locks and a network of artificial lakes and reservoirs, the largest of which is Gatun Lake, to facilitate the passage of ships.…


Methanol as a Game-Changer for Clean Shipping



August 1, 2023 /

Methanol has been considered as a potential clean fuel for the shipping industry due to its lower emissions compared to traditional marine fuels. It is a type of alcohol with the chemical formula CH3OH and can be produced from a variety of sources, including natural gas, biomass, and carbon dioxide (CO2) captured from industrial processes.…


Another CDS delay with launch pushed back



January 4, 2023 /

The replacement for CHIEF has already experienced delays in the switchover, and was expected to finally come into force in January, however this has now been pushed back to November to allow for more testing. It could also mean that in reality it could be at least into 2024. There have been reports of multiple…


HMRC urge move over to new customs system



August 8, 2022 /

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…