Import/Export Industry Notifications

Only the owner of the goods or person entitled to the goods is liable to pay storage or demurrage charges to the port trusts and not the ships or its agents are known as steamer agents. The Supreme Court has ruled in a judgment that settles a long-standing conflict within the shipping industry over the matter.

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A live webinar on the topic, ‘The Way Forward for Developing India-Central Asia Air Corridor', was organised by FICCI to establish negotiation between India and Uzbekistan for import and export of agricultural products. The combined annual trade with Central Asia is less than US$2 billion. The level of trade does not reflect the political will that we enjoy with Central Asian countries. India is at an advanced stage of negotiation with Uzbekistan for export and import of agricultural products.

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Colombia and Albania would seem to have little in common. But they have been united since the Covid-19 outbreak in banning the export of a product that rarely finds its way into trade policy: toilet paper. they’re the only two countries to have taken such action. But hundreds of other products have been ensnared by the protectionist impulse this year – many, but not all, tied to Covid-19.

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MSC is introducing a new Container Compliance Charge (CCC) of USD8 per 20’ container and USD16 per 40’ or 45’ container, effective 1 October 2020 (POL gate-in date), for all dry import units into the USA. The Container Compliance Charge will cover the carrier’s costs such as inspecting the container for damages, verifying that it remains seaworthy, and performing necessary repairs. Such costs should not exceed USD500 per container.

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In another blow to China, Japan has added India, Bangladesh to its relocation subsidiary, resulting which Japanese manufacturers will now be eligible for subsidies if they shift production out of China to India or Bangladesh. Japan, through this expansion program, aims to diversify the country's supply chains. The Ministry of Economy, Trade and Industry (METI) also provides subsidies to Japanese manufacturers that shift their manufacturing units from China to the other ASEAN countries.

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The latest update has been on Marine Fuel Recovery (MFR) table as global coverage. The MFR is valid for both directions and shown as a separate surcharge on your invoice and freighted Bill of Lading. Please note that all changes that do require a legal 30-day notice are duly filed and announced in the respective Public Tariffs and this document shows some of these changes for the international purpose only

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Ocean carriers are officially scrapping the low-sulphur fuel surcharges introduced last year to mitigate the impact of the 1 January IMO 0.5% sulphur cap regulations on marine fuel. Maintaining low-sulphur surcharges as fuel prices plunged has been a bone of contention for shippers, who have criticised carriers for being slow to ditch the additional fee.

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GMR Hyderabad Air Cargo (GHAC) has launched the Federation of Telangana Chambers of Commerce and Industry (FTCCI) business facilitation centre at its terminal in Hyderabad International Airport. The FTC lends support to the industry and government in promoting economic growth and cross border trade through its various programmes and initiatives. As part of this, the FTCCI business facilitation centre at GMR Hyderabad Air Cargo Terminal will significantly benefit the exporters and cargo agents from the Hyderabad and South India region in multiple ways.

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Sri Lanka decided to ban the import of plastic products in a bid to protect the environment and wildlife, a move likely to hit Indian plastic exports to the country. Environment minister Mahinda Amaraweera told Parliament that the proposed plastic product import ban - mainly on toys and household utensils - could be extended to local manufacturing as well.

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