enarhyazzh-CNzh-TWcsdanlettlfifrkadeelhihuisiditjakolvmsnofaplptruskslessvthtrukviyi

.........-----

translate arrow

search image top2

freightHub2020 BannerSMALL

 

freightHub2020 BannerSMALL

 

Emirates' cabin use keeps cargo moving
In the wake of the Covid-19 pandemic, countries ar...

Read more

LATAM continues to deliver essential goods
LATAM Cargo Brazil maintains its cargo operation a...

Read more

Emirates: five years direct to Columbus
Emirates SkyCargo has completed five years of carg...

Read more

XPO keeping supply chains flowing
Throughout the COVID crisis, XPO has been working ...

Read more

More fruit coming in through Rotterdam
Twice as many reefer ships with conventional cargo...

Read more

Swiss: we'll continue to cover global destinations
Swiss WorldCargo will continue to fly to different...

Read more

PayCargo launches corona credit facility
PayCargo Capital, a sister company of online payme...

Read more

Cargo demand driving return of Delta PAX service
Demand for air cargo is driving the return of Delt...

Read more

FedEx releases citizenship report
FedEx has released its 2020 Global Citizenship Rep...

Read more

Emirates' cabin use keeps cargo moving
LATAM continues to deliver essential goods
Emirates: five years direct to Columbus
XPO keeping supply chains flowing
More fruit coming in through Rotterdam
Swiss: we'll continue to cover global destinations
PayCargo launches corona credit facility
Cargo demand driving return of Delta PAX service...
FedEx releases citizenship report

 

 

United Cargo

 

Swiss World Cargo

 

Turkish Cargo

 

 

AA Cargo

 

PLA

 

Latest News

PO FERRYMASTERS 45 PW CONTAINER
05 Jun, 2020

P&O Ferrymasters launches revamped site

in News
P&O FERRYMASTERS today launches a redesigned and revamped website to help its customers…
DSV Road
05 Jun, 2020

DSV Panalpina ups GHG efforts

in News
DSV Panalpina is now specifying how much and how quickly it needs to reduce greenhouse…
May was less bad than April copy
04 Jun, 2020

May up but signs not promising

in News
Global industry data for May supports the continued small recovery of air cargo volumes…
Viking Line
04 Jun, 2020

Viking Line to up cargo capacity

in News
Cargo capacity on Finnish sea routes will increase significantly when M/S Viking Glory…
TAPA says all modes of transport face the growing risk of cargo thefts copy
04 Jun, 2020

TAPA fears cargo theft spike

in News
Manufacturers and logistics service providers must be prepared to protect their supply…
etihad cargo B777F
03 Jun, 2020

Etihad expands health and hygiene programme

in News
Etihad Airways has launched ‘Etihad Wellness’, an expanded and more comprehensive health…
Virgin Atlantic A330 300
03 Jun, 2020

Virgin ups cargo-only service by 35pc

in News
Virgin Atlantic will increase its cargo-only flights by 35% to nearly 600 in June with…
savannah port handling
02 Jun, 2020

Four dredges simultaneously working on Savannah deepening

in News
The deepening of the Savannah harbor has set a new precedent with four dredges working…
AIPUT
02 Jun, 2020

AIPUT secures K+N lease extension

in News
Aberdeen Standard Investments’ AIPUT fund (Airport Industrial Property Unit Trust) has…

LONDON: July 12, 2018. Malcolm Dowden, the UK legal director of international law firm Womble Bond Dickinson, says the “trusted trader concept” that underpins the British government’s latest EU White Paper has to be accepted by all 27 members. Without it, there’s no “frictionless trade” for Britain after March 2019:

"The government's white paper proposes the creation of a 'free trade area for goods', coupled with a ‘facilitated Customs arrangement’ to allow cross-border trade to be as 'frictionless' as possible. Central to those proposals is the concept of ‘trusted traders’.

"For example, it suggests that: ‘where a good reaches the UK border, and the destination can be robustly demonstrated by a trusted trader, it will pay the UK tariff if it is destined for the UK and the EU tariff if it is destined for the EU.’

"The ‘trusted trader’ concept has its roots in the World Customs Organisation (WCO). In Europe, ‘trusted traders’ are referred to as Authorised Economic Operators (AEO). To qualify, businesses must be able to demonstrate that they have both the policies and physical arrangements required to guarantee that goods have been transported securely and are properly accounted for.

“To qualify for the linked status of Authorised Economic Operators (Customs) or ‘AEOC’, businesses must currently be able to show at least three years' experience of meeting Customs obligations. That test cannot be met by the estimated 131,000 businesses that, according to HMRC estimates, will be brought into Customs procedures for the first time. It is possible to buy-in expertise or to use intermediaries such as freight forwarders or distribution companies.

“However, the UK currently has only 630 businesses with AEO status (compared with 6,226 in Germany and 1,563 in the Netherlands). Consequently, third-party AEO status and expertise is likely to be in short supply, potentially increasing the cost of accessing those services.

"Attaining AEO status is not straightforward. The applications forms are relatively short, but they require a significant body of detailed evidence. Applying for (and then maintaining) AEO status therefore represents a significant investment of cash and management time.

“Further, the approval process leads to an assessment carried out by HMRC, which can be a significant bottleneck as HMRC resources are very limited. The AEO application process theoretically takes up to 120 days. However, experience in practice suggests that the process often takes much longer – in some cases extending from 18 months to two years. AEO status cannot be regarded as an easy route, or as a quick fix.

"The usefulness of any AEO scheme depends on mutual recognition. Any end-to-end process for the import or export of goods works only if it works at both ends. The government's white paper cannot guarantee that AEO status granted in the UK would be recognised by the EU27.

“Consequently, it merely expresses the hope that the UK will be able to ‘agree mutual recognition of Authorised Economic Operators (AEOs)’. Without mutual recognition, AEO status would be of little value – and mutual recognition can only be achieved through a full political agreement with the EU.

“In the event of a ‘no deal’ Brexit, or of a deal that did not include mutual recognition, the ‘trusted trader’ concept that underpins the white paper suggestions would not provide ‘frictionless" trade.’”

Womble Bond Dickinson was established in 2017 when UK-based Bond Dickinson LLP and US-based Womble Carlyle Sandridge & Rice, LLP combined to create a new transatlantic business with 26 offices in the UK and US.

OUTNOW

Corporate News

freightHub2020 BannerSMALL

digital-magtwitter-fw1utube-fw2loinked-fw3

- powered by Quickchilli.com -