THE Bureau of Customs (BOC) is issuing more stringent guidelines for importers of second-hand merchandise. The move is designed to curb the practice of…
The Latest
PISFA targets reduction of lines’ other charges
AFTER getting a reprieve from some members of the Association of International Shipping Lines (AISL) on the container deposit fee, the Philippine International Seafreight…
More funds offered to ro-ro operators
THE government is allocating P2.04 billion to acquire 24 vessels for lease or sale to roll on-roll off (ro-ro) vessel operators. The amount is…
Del Monte ventures into $1M cold storage facility
CAMIGUIN ISLAND — US firm Del Monte Fresh is sinking in at least $1 million to operate a cold storage facility in the Cagayan…
New Customs Registration Program
AS a general rule, any article imported into the Philippines will require the prior accreditation or registration of the importer/consignee with the Bureau of…
Authorized Economic Operator (AEO)
OF late, we have been hearing a lot about new programs on customs-business partnerships brought about by the continuing need to secure international trade…
Violation of CBW Rules
Customs Bonded Warehouses, CBWs for short, are presently under increasing scrutiny not only from customs authorities but also from various government task forces. The…
Clearing of Mindanao facility for Hanjin in full swing
THE Phividec Industrial Authority (PIA) has started clearing operations for a 500-hectare lot in preparation for the entry of Korean shipbuilder Hanjin Heavy Industries,…
National intermodal plan in the drawing board
THE Department of Transportation and Communications (DOTC) is coming up with a National Transport Plan (NTP) to integrate all modes of transportation in the…
BOC eyes adjustment in advance IFM rule from 12 to 6 hours
THE Bureau of Customs (BOC) is reducing the time requirement in the submission of the advance inward foreign manifest (IFM) from 12 hours prior…
Nenaco sells two vessels for $3.46M
DEBT-SADDLED shipping firm Negros Navigation (Nenaco) recently sold two vessels, the M/V San Lorenzo Ruiz and M/V Mary Queen of Peace, to Liberian firms…
ICTSI bags MCT contract
PORT operator International Container Terminal Services, Inc. (ICTSI) bagged the 25-year management and operations contract for the Mindanao Container Terminal (MCT), increasing its port…
Free Zones – A Separate Customs Territory
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…
Understanding INCOTERMS 2000
INTERNATIONAL Commercial Terms (INCOTERMS) play a very important role in international trade. As transactions among buyers and sellers across international borders continue to grow…
TNT appoints Sales, Marketing VP
TNT Express Philippines recently appointed Roberto Paterno de Guzman as vice president for Sales and Marketing. With ten years of experience in sales, marketing…
Asia lords over global shipping industry
ASIAN countries cornered the bulk of growth registered by the international shipping industry in the past six years, according to Japanese Shipowners Association (JSA)…
30-year-old ships facing retirement
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…
Warehouse expansion to help 2GO hit 6% growth target
2GO, the logistics arm of the Aboitiz Transport group, expects to complete its warehouse expansion program within the year. 2GO president and chief executive…
K-Line fleet upgrade aims to address future growth
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…
E-Konek likely first to secure Phase II accreditation under VASP program
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…
