The Port of Cork and its partners were ‘highly commended’ at Tuesday’s Seatrade Awards in the ‘Deal of the Year’ category in recognition of its work in securing significant funding for the development of the new Cork Container Terminal (CCT) in Ringaskiddy, which will open in 2020.
The funding for the €80m project was secured from a combination of sources including the Allied Irish Banks p.l.c (AIB), the European Investment Bank (EIB), and the Ireland Strategic Investment Fund (ISIF), as well as EU Connecting Europe Facility funds, and self-finance. €1m of the total capital secured is allocated to a community gain fund for the Ringaskiddy area. Find out more info >
An international logistics expert has warned that even a permanent post-Brexit customs union with the EU would not alone mean frictionless trade with the bloc for British businesses.
Mr Johnson, director of Leeds-based Tudor International Freight, explained: “The UK, as a full EU member, is currently part of the bloc’s customs union, covering its constituent countries and some other states.
“A customs union is essentially an arrangement under which nations agree to waive tariffs – import taxes – on goods sent from one member to another. Members also agree to charge common tariffs on items entering their territories from outside countries. Customs unions can take various forms – there are 16 operating globally, their details comprising varying mixes of cross-border integration and national autonomy.”
Read more from the online International Trade Magazine.
Welcome news from the Department of Transport – £201 million has been granted to councils across England to undertake road maintenance and pothole repair.
This is especially good news for haulage firms out there. Damaged road surfaces cost the logistics industry millions in repairs and replacements. Efficient logistics is vital to ensure that Britain keeps trading, Reade more >
International Freight Solutions are delighted to announce our new membership of the Bluebell Wood 365 Business Club.
Bluebell Wood Children’s Hospice are a much loved local charity who support more than 250 children with life-threatening or life-shortening conditions, alongside their families. Children and families are supported both in their own homes or at the hospice in North Anston. See bluebellwood.org for further information about their excellent work.
Our membership will help to support the charity financially and also connect us with other similar-minded organisations and businesses.
Perhaps you could consider affiliation with Bluebell Wood for your business? For further information please click here >
The UK was scheduled to leave the EU at 11pm on 12 April 2019. However, a further extension to Article 50 has now been agreed to allow more time to conclude a Brexit deal with the EU. This extension will last until 31 October, unless a deal is agreed earlier.
For the duration of the extension, the UK will remain within the EU Single Market and imports and exports will continue to be subject to EU rules.
Until a Withdrawal Agreement is passed by the UK parliament, the legal default position for the UK remains exiting the EU without a deal. It is therefore essential that businesses prepare for all possible outcomes, including a possible No Deal Brexit. In this scenario your packages could face delays if you don’t put the right preparations in place.
In readiness for a possible Hard Brexit scenario, here are some steps you can take:
Economic Operator Registration and Identification (EORI) number: If you do not have an active EORI this will be needed for Customs Clearance, it’s free to apply and currently takes just a few days. You can apply here > Get a UK EORI number to trade within the EU
Commercial invoice: This should include; goods description / tariff number / value & currency / packaging details / weight / origin / EORI number / Commodity code. Invoice Template attached.
Know the commodity code of your goods: Commodity codes classify goods so you can fill in export declarations. You can look these up here > Trade Tariff Look Up
Record keeping: You’re required to keep records for all traded goods you declare to HMRC for 6 years. The reason for this is for duty and tax purposes, and for government statistics.
With e-commerce sales showing no sign of slowing down, now is the time to start accepting orders from all over the globe. While it’s easy to configure your website to start delivering internationally, a robust global strategy is required for the longer term. It’s important to consider key questions such as your business’ priorities and the cost and speed of delivery.
Many UK regions are working to provide further opportunities for businesses to engage in international trade, it’s becoming simpler for small and medium-sized businesses to go global so be sure to reach out for support. Read more >
Last mile delivery is the movement of goods from a transportation hub to their final destination and demands up to 53 per cent of total shipping costs. With e-commerce sales totalling $2.3 trillion worldwide, consumer demand for online purchases are driving growth forward.
Despite the challenges, even the smallest of retailers must compete with the high standards set by global companies, who have made next-day delivery the norm. When it comes to last-mile solutions, and which could be right for your business, there are many options to consider. Read more >
According to new figures, the number of UK businesses exporting goods has increased by over 1,000 since this time last year, bringing the number to 110,800. More appetite from non-EU countries for UK goods has been seen, with the number of businesses exporting to these countries rising by 1.3 per cent in the last three months.
International Trade Secretary Dr Liam Fox said these figures highlight the exporting power across all UK regions. “This is fantastic news for British businesses, who should be encouraged by these figures to take advantage of the clear opportunities available for growing their business overseas.” Read more >
Growing uncertainty surrounds evolving trade barriers, Brexit and wider economic issues. Supply chain leaders therefore need to respond quickly to shifts in demand and consider customer needs in today’s fast-paced market.
Check out the article below for some more detail on this topic, including how you can best plan and prepare during these uncertain times: Planning for uncertain times >