What Happens When a Shipping Line Goes Bankrupt?
2-minute read
In a week when one of the world’s top ten container lines went bankrupt, the business performance of shipping and ports has come firmly under the spotlight, not just globally but in NZ too.
Your Freight Agent May Be Charging Inflated Fees
2-minute read
Reports are emerging of some carriers and other supply chain service providers imposing “exorbitant and unjustified charges” in particularly Asia and Africa following the July 1 enactment of the new verified gross mass (VGM ) regulations for packed containers.
Why You Need Export Trade Insurance from NZ Government
2-minute read
New Zealand exporters seeking financial protection against the non-payment by a customer could find themselves eligible for trade insurance from the New Zealand Export Credit Office (NZECO).
9 Facts You Need to Know About Mandatory Cargo Weighing Law
4-minute read
As advised earlier and as constantly reported in industry press the new Mandatory Cargo Weighing Laws has become effective around the globe.
This law is referred to as V.G.M. or Verified Gross Mass, when a ship will not load a container anywhere in the world without a declared VGM.
Dispute Over Import Freight Charges (And What to Do With It)
2-minute read
The freight forwarding charges debate here in New Zealand, as discussed in the past , has probably come to a head with the statement by the Commerce Commission that “it is not the commission’s role to enforce “Incoterms ” in contracts between forwarders and importers.”
Importers: Alert to New and Used Parts from USA
2-minute read
Importers were warned this week by the Ministry of Primary Industries to a situation that has arisen for one of the importers, the outcome of which may need to be considered by others.
How to Avoid Paying Duty and GST on Imported Gifts
3-minute read
The reference 75 concession allows entry of presents or gifts except tobacco products sent from abroad to a resident in New Zealand:
(i) Not exceeding $110 in total value – Free
(ii) Exceeding $110 in total value, on the excess over $110 – The rates of duty applicable to the goods as set out in Part I of the Tariff. (see examples below)
Your Import Shipping Container Could be Full of Toxic Gas
2-minute read
The researchers’ investigations found 20% of the containers sampled had gas concentrations above safe levels. In the worst case, methyl bromide was found in one container at a level of 50,000 parts per billion — 100 times more than the safe level.
5 Key Principles When Labeling and Packaging Your Goods
3-minute read
In the past, the major consideration for exporters has been the legislative requirements surrounding the disposal of packaging waste. Driven by the European Union (EU), member countries have developed stringent legislation governing the disposal of packaging waste.
Are You Paying Too Much For Import Freight Services?
3-minute read
False import charges have become an endemic issue in the local freight forwarding industry with only a limited number of operators excluded from the practice, according to a stakeholder who approached the Shipping Gazette™ following last week’s article on the issue.