Danish logistics company DSV has today won the race to purchase DB Schenker in a €14.3bn deal now officially confirmed by the Management Board of Deutsche Bahn AG. DSV has said it aims to invest around €1bn into the forwarder within three to five years
Category: Latest News
CDS – A New Export CPC
With regards to the on-going implementation of CDS (the Customs Declaration Service) for exports, please be aware that if declaring goods on an export entry the Customs Procedure Code (CPC) for standard export shipments (CHIEF CPC Code 1000001) is being replaced by CDS CPC 1040000.
CDS & Valuation Method 1
Following on from a recent change at HMRC in relation to the implementation of CDS (the Customs Declaration Service) for imports, please be aware that if declaring goods on an import entry as Valuation Method 1 where the value is greater than £20,000; a written
A High-Level Guide to Exporting
Item 1 Goods classification Commodity Codes are an international standard for calculating duties and VAT through use of individual product tariff headings; and also needed for customs clearance processes. It is the trader’s responsibility to use the correct codes when exporting or importing. If in
Brexit Update
On the 23rd of January 2020, the EU withdrawal agreement finally achieved ratification. Though viewed as a mere formality, the EU will vote on the agreement on the 30th January where they need a qualified majority from members of the EU parliament. This means that
International Maritime Organisation
International Maritime Organisation The new International Maritime Organisation (IMO) low sulphur regulation will be effective from 1 January 2020 and will require all shipping companies to reduce their sulphur emissions by 85%. This will increase freight costs around the world but will vary between shipping
Incoterms 2020
Incoterms 2020 These new Incoterms become effective from the 1/1/20. Incoterms® 2020