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Industry News
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Air cargo demand up 9% in February compared to pre-COVID levels
Because comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise noted all comparisons to follow are to February 2019 which followed a normal demand pattern. Global demand, measured in cargo tonne-kilometers (CTKs*), was up 9% compared to February 2019 and +1.5% compared to January 2021. All regions
09/04/2021 -
General Average declared on Ever Given
If you have containers on board you will be asked for an indemnity or a deposit. Any standard marine insurance policy will include General Average losses so if the goods have been insured the importer should obtain a General Average guarantee from the insurers. If no insurance is in place, then a cash deposit will
07/04/2021 -
NCTS Guarantee Reference Amount – Update
NCTS is a system of electronic declaration and processing that traders must use to submit Common Transit declarations.https://www.gov.uk/guidance/using-the-new-computerised-transit-system-to-move-goods-across-the-eu-and-efta-countries When making a declaration into NCTS for Transit movements it is a requirement to provide an accurate guarantee reference amount in NCTS declarations, in line with the Common Transit Convention (CTC). The Guarantee Reference Amount is the
02/04/2021 -
Vaccine supply under threat from theft and counterfeits
All actors in the global supply chain must be increasingly alert to a range of risks due to criminal activity targeting vaccine supply. From theft and illegal sale of authentic vaccines to counterfeiting, substitution with fake pharmaceuticals and contamination, the threats posed by criminals attempting to take advantage of this very high -value cargo, are
31/03/2021