Free Zones – A Separate Customs Territory

Mar. 24 | BASED on international trade practices, ‘free zones’ are a generally understood to be that part of a country’s territory considered as outside the customs territory insofar as import duties and taxes are concerned particularly when goods...

Understanding INCOTERMS 2000

Mar. 10 | INTERNATIONAL Commercial Terms (INCOTERMS) play a very important role in international trade. As transactions among buyers and sellers across international borders continue to grow exponentially, more and more companies are faced with the challenge of...

TNT appoints Sales, Marketing VP

Mar. 3 | TNT Express Philippines recently appointed Roberto Paterno de Guzman as vice president for Sales and Marketing. With ten years of experience in sales, marketing and customer service under his belt, de Guzman takes charge of the management and development...

Asia lords over global shipping industry

Mar. 3 | ASIAN countries cornered the bulk of growth registered by the international shipping industry in the past six years, according to Japanese Shipowners Association (JSA) vice president Hiroo Ohno. At the Philippine-Japan Manning Consultative Council conference...

30-year-old ships facing retirement

Mar. 3 | THE Maritime Industry Authority (Marina) is phasing out all vessels 30 years old and up to push the government’s refleeting program and to ensure safety in the local trade. Marina is giving operators of such vessels a five-year transition period,...

Warehouse expansion to help 2GO hit 6% growth target

Mar. 3 | 2GO, the logistics arm of the Aboitiz Transport group, expects to complete its warehouse expansion program within the year. 2GO president and chief executive officer Sabin Aboitiz in an interview said the company has earmarked P2 million for the expansion...

K-Line fleet upgrade aims to address future growth

Mar. 3 | DESPITE expecting flat growth in international shipping this year, K-Line Philippines is expanding its fleet to achieve greater efficiencies and growth. K-Line country president Octavio Katigbak in an interview said the company will accept delivery of...

E-Konek likely first to secure Phase II accreditation under VASP program

Mar. 3 | THE Bureau of Customs (BOC) is finalizing the implementation of Phase II of its electronic-to-mobile (E2M) project to meet the deadline for the full completion of the project within the first half of the year. Customs deputy commissioner Alexander Arevalo...

Revised warehousing rules still on hold

Mar. 3 | THE release of revised rules on warehousing will be delayed yet again pending resolution of technology and database issues. “We are still talking to the private sector. We are planning to come out with a single consolidated regulation with search...

Unlawful importation cases pile up at the DOJ

Mar. 3 | THE Bureau of Customs (BOC) recently filed five criminal cases before the Department of Justice involving contraband. Named respondents were six officers of private businesses, four licensed customs brokers and one customs representative. The first case...