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16.08.2019
For several months now, sea freight rates on the route from China to Northern Europe have been at a low level. The comminssioning of several Megamax ships, coupled with a weakening global economy, has led to furher overcapacity and made it more difficult for shipping lines to increase freight rates. The cancellation of several departures and the resulting artificial shortage of cargo space did not lead to the desired result either. According to Alphaliner data, a total of 42 departures were cancelled in the first three quarters of this year, compared to 16 empty trips in the same period last year.
24.05.2019
German proceedings for claiming a refund of import VAT cause high costs for importers. These expenses do not incur in the neighbouring EU countries where import VAT for non-EU commodities imported by local entreprenerus can be reclaimed under the reverse charge mechanism and need not be paid upon filing the customs entry. This is why urgent demand for action is required by the federal republic government and its federal states in order to eliminate the current competitive disadvantage in this field at German ports and air ports, to improve liquidity and cut costs for German importers.
10.04.2019
Should the U.K. leave the European Union without a ratified agreement, the region will then be classified as a third country subject to the legal provision applicable to other non-EU countries. This will also have consequences in respect of trade and VAT procedures for transport and logistics services.
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