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Low Sulphur Regulation - IMO 2020 - 05/12/2019

Low Sulphur Regulation - IMO 2020

As of January 1, 2020, shipping companies will have to comply with the new LOW SULPHUR IMO 2020 regulation which limits the sulphur content of the fuel used on board to 0.50% instead of 3.50% currently

Shipping companies have several means to achieve this, such as the installation of scrubbers, the use of low sulphur fuel (LSFO) or the use of Liquefied Natural Gas (LNG).

This compliance generates costs for shipping companies that they must be passed on their rates. Some of them implement a specific surcharge, others increase their fuel surcharge already in place, or a mix of the 2 depending on whether it is short-term or long-term rates.

The date of implementation and the method of calculation are also freely fixed by the shipowners. For example, some take into account the distance traveled according to the trade.

Most shipping companies introduced a specific surcharge on the 1st of December with different names such as LSS, EFF, ITC, NBF, etc.

Our teams remain at your disposal for any further information if needed.

 

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Analysis of preferential tariffs with the Market Access Map - 19/07/2019

Market Access Map

With the proliferation of trade agreements and the complexity of trade barriers, companies are finding it increasingly difficult to find useful and strategic information for their market. The Market Access Map is an online tool designed to address these issues. Developed by the International Trade Centre (ITC), it improves market transparency and facilitates analysis of trade policy issues. The Market Access Map has just been updated with a redesigned and more accessible web version.

AN ESSENTIAL TOOL TO KNOW THE CONDITIONS OF ACCESS TO THE MARKET

In an increasingly globalised global economy, it is essential for companies to have a good understanding of market access conditions. When prospecting new markets or looking for new partners or suppliers, it is essential to know: the customs tariffs, tariff rate quotas, trade remedies, regulatory requirements and preferential regimes applicable to your product.

Market Access Map is a market analysis tool that allows users to access and analyze market information from more than 200 countries. The tool's data, which are continuously updated, come from the relevant institutions in each country, the WTC, the World Banque, the UNCTAD, etc.

A French vegetable exporter who wishes to export his products to Senegal can use the Market Access Map to search for the market access conditions applicable to his product. With a single request, the company can obtain all the necessary information to export. All the elements to develop a better export strategy and contact potential buyers in Senegal!

THE NEW FEATURES OF THE MARKET ACCESS MAP

The ICC tool provides information on customs tariffs. It also covers regulatory requirements related to import and export, tariff rate quotas, trade remedies, regulatory requirements and preferential regimes, ad valorem equivalents. The tool also analyses markets, for example by examining free trade agreements.

The web portal now offers new features with a simplified market access card display, a unified search, and a data download function. In addition, the navigation options also make it easy to view a set of data on a country-by-country basis via tables, maps and graphs.

Market Access Map

If you are looking for new markets or want to consolidate your flows, Centrimex teams can assist you with your import and export transport operations.  Our business expertise allows us to be a driving force within your company! No matter the size of your project, our teams are trained to perfectly master the latest developments in customs, tax and regulatory matters. We will design with you the optimal solution for your supply chain, do not hesitate to test our solutions or contact us.

 

Market Access Map

 

 


Incoterms 2020 available in September 2019 - 06/06/2019

Les Incoterms 2020 disponibles en septembre 2019

The Incoterms rules are published by the International Chamber of Commerce (ICC), they have been revised regularly since 1936. On January 1, 2020, these international trade reference rules will evolve and as of September 1, 2019, the ICC will unveil the official text of the Incoterms 2020.

Incoterms, the rules of international trade

InCoTerms is an abbreviation of "International Commercial Terms". Incoterms provide a codification to identify commercial transactions. Each modality is therefore codified by three letters and is inseparable from the place of delivery.

Incoterms are used to define the obligations of the seller and the buyer during a commercial transaction. They mainly concern the obligations of the parties to a contract of sale with regard to: the delivery of the goods, the conclusion of the contract of carriage, the transfer of risks between the buyer and the seller, the presentation of transport documents, the loading and unloading of the goods, the completion of customs formalities for export and import goods, the payment of duties and taxes.

Although their use is not mandatory, nearly 90% of international transactions refer to them. They are the reference in the event of a dispute before the courts.

Incoterms 2020

Since 2016, the Incoterms drafting group has met several times to analyse and discuss with more than 30,000 professionals who have given their opinions on the evolution of these rules. In a recent interview, Christoph Martin RADTKE, Co-Chairman of the Incoterms Editorial Board, revealed some clues about the next version of the Incoterms.

One of the main objectives of the revision is to facilitate the use of Incoterms. They will be available via a smartphone application with explanatory notes, diagrams and instructions for use.

The new version of the Incoterms is not yet known but some clues can already be mentioned by consulting the topics discussed by the Incoterms editorial committee. The changes mainly concern the evolution of EXW which has become almost incompatible with the New Customs Code of the Union. The use of the FCA, long advocated by the Customs Administration, will undoubtedly be strengthened. The ICC had also confirmed that safety and security concerns had been taken into account in the new version of the Incoterms. Finally, developments are expected in Class C and Class D. But we will have to wait for confirmation from the International Chamber of Commerce.

 

Pratical info Incoterms    Incoterms and customs value

 

 


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