Box Port congestion increases around the globe

A Drewry analyst sees global port congestion lasting beyond the Lunar New Year of 2022 as retailers decide they do not want to run the risk of stockouts and empty shelves next summer.
Source: The Journal of Commerce Online

green HMM mega-shipsThe UK’s main container ports are overwhelmed with unclaimed imports and starting to refuse the restitution of empty boxes urgently needed back in Asia.

And other North European ports are also heavily congested, but the acute HGV driver shortage in the UK has extended container dwell times significantly in past weeks, with the country’s main box hubs now “in danger of grinding to a complete halt”, according to one industry observer. Read more from Loadstar’s article >

As challenging as these times are, International Freight Solutions are still able and committed to offering the management of containers by ocean and rail freight services. Please don’t hesitate to contact us.

 

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The difference between VAT and Customs Duty explained

Taxes and duties on imports

It is usually the case that, as a trader, you will have to pay both import VAT and duty on imported goods before they can be cleared for entry into the UK.

Reclaiming VAT on Imported Goods

VAT is charged on goods imported from outside the EU at the same rate as if you bought the goods in the UK. If you are a VAT-registered business, and as long as the goods are used for business purposes, you can reclaim the VAT as input tax in the same way as VAT that is paid on UK purchases. It is also worth remembering that there will be VAT to pay on any import duty.
Read more from this very well written article from Scott & Wilkinson >

Related article from MoneyDonut >

 

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Sharing the contents of a Commercial Invoice post-brexit

Navigating the new customs requirements, which came in to place post brexit, was an eventful journey to say the least. However, at International Freight Solutions we have continued to provide a helpful and professional service to all our customers, old and new.

The real game-changer has been the introduction of the Commercial Invoice, which is now a requirement and also integral to the success of any international delivery to the EU. For that reason we thought we would share the content of what a commercial invoice should contain.

Commercial Invoice Requirements (Valid from 01st Jan2021)
  • Invoices must be typed and not handwritten
  • Invoice number and purchase order no (if applicable)
  • Invoice Date
  • Senders name, address, telephone no/email and contact name
  • Recipients name, address, telephone no/email and contact name
  • The VAT number and EORI number of the sender
  • The EORI number of the recipient
  • Buyers name, address, telephone no/email and contact name if different to receiver
  • List each type of goods showing quantity in units, description, unit weight, unit value and total value.
  • Terms of sale and Inco Terms
  • Show HS tariff number (Commodity Code) and country of origin – Tariff Checker >
  • Show currency used i.e GB Pound
  • List Shipping costs seperately
  • Country of Origin (Including the following statement):

“The exporter of the products covered by this document (EORI export number) declares that, except where otherwise clearly indicated, these products are of UK preferential origin.

(Place and date**):

(Name of the exporter):

Customs authorities use the commercial invoice to verify the details of the shipment. It is good practise to include on your invoice a signed and dated declaration that ‘The stated facts are true and correct’

A commercial Invoice is now required for all of the following countries within the EU

Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg

Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden

Channel Islands – Jersey, Guernsey, Alderney, Herm and Sark

Andorra
Canary Islands
Gibraltar
San Marino
Vatican City State

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Logistics UK welcomes Government measures to ease HGV driver shortage

Logistics UK welcomes the package of measures announced by the UK government on 25 September, aimed at easing the HGV driver shortage. Elizabeth de Jong, Policy Director at Logistics UK, comments:

“The decision to grant 5,000 temporary HGV driver visas to help overcome the driver shortage crisis in the short term is a huge step forward in solving the disruption to supply chains we are seeing today; we are so pleased the government has listened to our calls and has made this bold decision to support the UK economy

“We are also pleased that, in addition to increasing DVSA HGV testing capacity, the government has listened to Logistics UK’s request for additional training support by providing funded courses to enable more people to qualify as HGV drivers…”

Read more >

For a prompt quotation or to book your shipment, please don’t hesitate to use our Online Booking System >

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We have moved to new offices in Ecclesfield, Sheffield

Our new address is: International Freight Solutions (IFS), Office 10, Hydra House, Hydra Business Park, Nether Lane, Sheffield S35 9ZX

Please can you pass this information onto your accounts department.

Our Freight Forwarding consultants are currently back working in the offices and available to assist you with your shipping.

Thank you once again for your support and we look forward to serving you and your business for many more years.

“Offering a broad range of Worldwide Freight service options for both Export and Import. Working closely with you, we source the best solution for your shipping requirement”

For a prompt quotation or to book your shipment, please don’t hesitate to use our Online Booking System >

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