Administrative penalties apply to exporters, importers, licensees and agents who make an error or omission on their entry and do not voluntarily disclose it to Customs.
From 1st January 2020, a new regulation will come into force to reduce air pollution from ships globally. Whereas today ships can use fuel with up to 3.5% sulphur content (outside Emission Control Areas), the new global sulphur cap will be 0.5%.
Progress is being made on the massive automation project being undertaken at the Ports of Auckland, as the port readies itself to become the first in New Zealand to use automated straddle carriers to load and unload trucks and to operate the container yard.
Recent Shipping Gazette™ news articles and the Commentary column focusing on emergency bunker surcharges being applied to shippers (June 9) have prompted interest from readers who have asked the basic question – how are BAF (bunker adjustment factors) calculated?
BAFs aren’t the same as the emergency surcharges. These an everyday occurrence wrapped up into freight rates quoted by lines along with other surcharges such as PSC (port service charges), THC (terminal handling charges) and the like.
Which freight incoterms to choose and why
All fees included in the NZ port fees
Extra fees that you should account for
The Commentary on how “General Average” works prompted by Maersk’s declaration of it following the fire on board the Honam. It has caused some interesting feedback relating to the value of having marine cargo insurance.
In particular, the issue that has been drawn into sharp focus is the risk borne by all New Zealand exporters and importers, who proceed to ship goods without marine insurance.