Tag: china


Procurement contracts and INCOTERMS; How to ensure your supply contracts are not INCO-mpatible with INCOTERMS

Baker McKenzie Australia 27 Jun 2019 Australia is currently in the midst of an ‘infrastructure boom’ and is experiencing high levels of construction activity in many major industry sectors including in the government, commercial and renewables sectors. This boom has sent the demand for equipment, plant and material skyrocketing and straight onto the ‘critical path’ for the delivery schedule of many projects. In 2018 alone, the Sydney Metro project for...

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UK oil and gas industry warned to know commodity codes or risk damage from no-deal Brexit

Published by Nicholas Woodroof, Assistant Editor  Oil Field Technology June 26, 2019 An oil and gas sector logistics expert has warned UK businesses to ensure they know the commodity codes for goods they trade with the EU now or risk damaging consequences from a no-deal Brexit. Adam Johnson, director of Leeds-based Tudor International Freight, said the industry’s companies currently did not need to quote commodity codes to Her Majesty’s Revenue...

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UK appoints logistics duo to advise on Brexit backstop solutions

26 / 06 / 2019 The UK government has made two key logistics appointments as it looks to deliver its Brexit commitment to find workable alternatives to the Northern Ireland backstop when Britain leaves the European Union (EU). Peter MacSwiney, chairman of Customs clearance software provider ASM, has been appointed to a new Technical Alternative Arrangements Advisory Group, set up by the Department for Exiting the European Union to...

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Singapore and Zhejiang boost business ties; 15 deals signed at trade council meeting

Singapore firms will see more opportunities to grow in Zhejiang as China’s fourth-ranked province by GDP prioritises urban sustainability, innovation and modern living, Senior Minister of State for Communication and Information Sim Ann said. In her speech at the 14th Singapore-Zhejiang Economic and Trade Council (SZETC) in Hangzhou – where Singapore companies signed 15 deals with their Zhejiang counterparts – Ms Sim said there is great synergy for Singapore...

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JPMorgan digitises payments and customs clearance for importers to China

Source: JPMorgan Chase The leading global financial institution J.P. Morgan today announced the launch of E-Customs Payment Solution, making it the first foreign bank in China to offer a solution that fully digitizes and automates cross-border payments of goods.The solution solves common pain points associated with the manual nature of such transactions. Importers in China are required to provide supporting documents to their banks prior to making payments to...

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Canadian Custom Clearance Experts ARGO Customs Inform Shippers About New Requirements When Shipping to Australia

By 1888 Press Release – June 25, 2019 – In News Toronto, ON – Canadians seeking to export goods to Australia between September 1, 2019, and May 31, 2020, may be subject to new Australian importation regulations. The Australian Department of Agriculture and Water Resources (DAWR) are currently combating the Brown Marmorated Stink Bug (BMSB), an extremely dangerous pest known to travel in a wide variety of shipped materials....

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Cao Bang, Chinese locality look to boost border trade linkage

Officials from the Cao Bang Economic Zone Management Board of the northeastern border province of Cao Bang and those from Baise city of China’s Guangxi province on June 24 gathered in Cao Bang to discuss ways for promoting border economic cooperation between the two localities. Representatives from the two sides’ enterprises sign a cooperation agreement (Source: VNA) Nguyen Kien Cuong, head of the board, briefed participants results achieved after...

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Singapore, Jordan partnership can deepen Asean-Mid East links

Source : THE BUSINESS TIMES Digital economy is one way for the two countries to transcend their geography: Trade & Industry Minister Chan Chun Sing has invited companies from Jordan to take part in the Singapore FinTech Festival and the Singapore Week of Innovation and Technology in November. Singapore SINGAPORE and Jordan are hubs in their regions, and a deeper partnership between the two countries will expand companies’ reach...

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X5 Partners With Unitrade To Provide Services To Foreign Online Retailers

Russia’s X5 retail group has announced that its subsidiary Omni has entered into a partnership with customs broker Unitrade to provide transportation, customs clearance, and delivery services for goods ordered from international e-commerce businesses. The collaboration with Unitrade will result in cutting the time required for customs clearance of goods shipped from the online stores of partner companies. X5 will transport goods from customs to consumers through its existing network of...

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