Exporting, VAT and some HMRC regulations

Exporters need to be clear, when shipping goods outside the UK, whether they are involved in a direct or indirect export, with regards to the treatment of VAT. Value Added Read more…

Piracy on the West Africa Seas

Piracy apparently accounts for almost 7% of all global trade! The most notorious episodes in recent years have been the hijacking of massive container ships (amongst other craft), and the Read more…

Incoterms 2010 – Solutions to CIP risks

CIP appears to be one of the less problematic incoterms with regards to international trade.  However, there are still risks which need to be considered. The incoterms (international commercial terms) Read more…

Commodity Trading Palladium – a rare useful metal

In its simplest form, successful commodity trading requires extensive knowledge and understanding of the supply and demand cycles of the commodity in question.  As mentioned in a previous article, it Read more…

Incoterms 2010 – New opportunities using CPT

Under Incoterms 2010 the C-terms CPT and CIP can be used for all forms of transport.  But when should CPT be used? Negotiating international trade contracts can be a bit Read more…

Monitoring Imports to avoid unforeseen costs

Unless an international trader has authorised access to the Customs Handling of Imports and Exports Freight (CHIEF) system, they will be unable to process import (or export) customs declarations.  This Read more…

Institute Cargo Clauses: Inclusions and Omissions

INSTITUTE CARGO CLAUSES (LMA/IUA) 2009 History The introduction of the 1982 Clauses was a radical step that finally liberated cargo policies from the old S.G. Policy (the second schedule to Read more…

Brief History of Incoterms

The use of Incoterms in International Trade is widespread today, yet this has not always been the case.  This article studies the history and development of Incoterms during the 20th Read more…

Incoterms 2010 – CIF – Universally used, but no longer universally relevant?

CIF (Cost, Insurance and Freight) is one of the most commonly used incoterms in international trade terminology, and like CFR, this term is used when the seller has met his Read more…

Starting to Import: Here’s some help.

It’s so confusing – you find the perfect supplier, but they are based overseas.  All sorts of buzzwords are thrown at you – deferments, DAP, EORI, HS Commodity codes – Read more…

Incoterms 2010 – Some points to note with CFR (Cost and Freight)

It can sometimes take time for a new phrase or wording to replace an old established one.  This is certainly the case with the incoterm C and F, which I Read more…

Special document requirements for used car shipments from UK to Kenya, Uganda, Zambia & Malta

The shipment of used vehicles to Kenya, Uganda, Zambia and Malta from the UK now requires pre-shipment inspection and certification from JEVIC (Japanese Export Vehicle Inspection Centre) whose UK offices Read more…

Incoterms 2010 – The versatility of FCA (Free Carrier)

One of the most intriguing questions raised about Incoterms 2010 came during a training course, run by the ICC (International Chamber of Commerce), in 2010.   A fellow delegate asked whether Read more…

Concept of Utmost good faith in Transit Insurance

The function of Transit insurance (and all insurance actually) is to transfer the risk of physical loss/damage, liability arising from ownership or interest in the property to the insurers.  The Read more…

Cards, Colours and Chopsticks in Vietnamese Business Etiquette

Viet Nam is a fascinating country with which to do business, but there are certain requirements of behaviour that, if attended to, can enhance a proposer’s presentation to their Vietnamese Read more…

Commodity Trading – A few thoughts about Pepper

I have recently been inundated with e-mails offering various commodities for sale – sugar, soybeans, gold!! and I have to admit that it is rather seductive.  I mean, anyone can Read more…

Exporting Vehicles to Tanzania from the UK

The following considerations should be borne in mind when exporting vehicles to Tanzania and these can be divided into three main categories. –  Physical shipment –  Export documentation –  Import Read more…

Incoterms 2010 – FAS (Free Alongside Ship)

Free Alongside Ship (FAS) is, like FOB (Free on Board), an Incoterm which should only be used for sea or inland waterways transport, but is not suitable for container traffic Read more…

Incoterms 2010 – Changes to Free On Board (FOB)

Free On Board (FOB) is one of those phrases/buzzwords in International Trade that a lot of people recognise, and a surprising amount use in their international contracts, but struggle to Read more…

‘I have bamboo in my heart’.

I absolutely love this phrase in Chinese Mandarin which is spelt xiong you cheng zhu (pronounced shong yow chungg jhoo – any Chinese readers please don’t hesitate to correct me if Read more…

Incoterms 2010 – Ex-Works (EXW)

Introduction The International Commercial Terms (Incoterms) which are owned and monitored by the International Chamber of Commerce (ICC) consists of 11 different terms under the 2010 rules.  Which term to Read more…

Country Information: Jordan

Jordan has a number of opportunities for exporters, and in some fields, for importers too.  It is not a country that should be overlooked as an international trade partner. General Read more…