Category: export
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Trade between UK and EU from 01.01.2021
As the Brexit transition period ends on 31/12/2020, this article focuses on requirements to move goods between the UK and the EU from 01/01/21. Even if there is a trade deal agreed, import and export customs documents will still be required. UK to EU In order to move your shipments from the UK to the…
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Guide to EORI Numbers
What is an EORI number and why do you need one? You will need an EORI (Economic Operator Registration and Identification) number that starts with GB to trade goods into and out of the UK. HM Revenue and Customs uses this number to identify you and collect duty on your goods. A UK EORI number…
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Digitisation of the Dangerous Goods supply chain
The international Air Transport Association (IATA) has announced advances for the implementation of the e-Dangerous Goods Declaration (e-DGD) standards. The e-DGD is an electronic approach to manage the IATA Dangerous Goods Declaration, leveraging industry initiatives to digitalise data and embrace data sharing platform principles. This aligns with and supports industry initiatives to modernise air cargo…
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Air and Ocean Freight Prices reach Record Differentials
The gap between Air and Ocean freight rates widens more and more. The price differentials have now reached a record height. With sea freight rates being low for several weeks already and air freight rates raising more and more towards end-of-year peak season, it has now reached double the norm. Air freight rates have been quite…
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Report: Brexit Could Hinder Exports For UK Companies
British sea exports and others could be hindered if the country decides to leave the EU without first establishing another Free Trade Agreement, with a new report suggesting that Brexit without this in place could result in export losses totalling £30 billion by 2019. Euler Hermes’ latest Brexit Me If You Can economic insight report…
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Airfreight Backlogs at China Gateways
The current backlogs at China’s main airfreight hubs Beijing, Shanghai, Hong Kong and Guangzhou will continue at least into next week. For now, there are delays of 3-4 days at most airports. The situation at Guangzhou is worse; here, delays of 7-8 days are to expect, apart from “first class carriers”, which are also delayed by…
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Self-Driving Trucks will Affect Logistics Industry
The Supply Chain Industry is one of the trailblazers when it comes to technology. No wonder we can forecast how self driving vehicles will affect the Supply Chain. The most obvious benefit is lower costs due to fewer truck drivers. But there are other advantages that improve efficiency and can lower the cost by as…
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Iran to Hold Potential for Freight Firms
With its Nuclear Agreement, Iran is about to open up for international economy. This is good news not only for the Iranians, but also for freight firms. The country offers great opportunities for businesses, especially in oil and gas, high-tech and automotive. Logistics benefits from Irans good transport infrastructure and the need to improve their…
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Migrant Crisis Causing Trouble for Road Freight
The ongoing migrant crisis is causing more and more problems to freight forwarders. Last week, workers at the Port of Calais went on strike and set off a standstill for two days. They demanded more personnel as they are confronted with increasing numbers of migrants at the port. For now, they suspended their strike and…
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The closure of the Port of Dover crippling UK trade
In the last few weeks we have all witnessed how a small group of French workers have caused big trouble to Kent and UK economy. Around one hundred MyFerryLink employees blockaded Calais terminal and burned tyres on the train tracks in protest at a potential 600 job losses. Operation stack started on 23rd June and…