TRANSPORT players are singing different tunes when asked whether the peak season this year is better than last. Air cargo players are not too…
The Latest
Transpacific carriers seek to hike metal scrap rates
CONTAINER shipping lines operating from the US to Asia have recommended a two-stage increase in freight rates for shipments of metal scrap. Carriers in…
ICTSI calls for tenders for Gdynia terminal expansion
INTERNATIONAL Container Terminal Services, Inc. (ICTSI) will press ahead with the US$100-million expansion plan for its Baltic Container Terminal (BCT) in Gdynia, Poland. ICTSI…
10 Ports for Development as World-Class Terminals
THE Philippine Ports Authority (PPA) has identified 10 ports to be developed into world-class terminals. These are the Manila North Harbor, South Harbor, Manila…
Hanjin Shipping receives Ocean Carrier Excellence Award
HANJIN SHIPPING recently received the Ocean Carrier Excellence Award from Global Shippers Association (GSA) A shipper's association headquarted in Atlanta, Georgia, GSA is composed…
BOC adopts New Technologies to ease Shipment Declarations
THE Bureau of Customs (BOC) is adopting new technologies from New Zealand and Singapore to enable importers and brokers to electronically transact business with…
PISFA offers new subjects at 11th Multimodal Transport Seminar
NEW modules will be tackled at the Philippine International Seafreight Forwarders Association (PISFA) 11th Advanced Multimodal Transport/Logistics Seminar on October 28-30 at the Skyland…
PISFA elects new set of officers
THE Philippine International Seafreight Forwarders Association (PISFA) elected recently its new set of officers for the year 2003-2004, following the resignation of Monico David,…
RP air cargo traffic down 4.53% in first eight months
INTERNATIONAL cargo and mail traffic in the Philippines dropped 4.53% in the first eight months of the year, according to latest statistics from the…
Economists, cargo experts to speak at Cargo Economics Conference
IN this week's PortCalls-organized Cargo Economics Conference, experts on the economy and the cargo industry will help Philippine cargo industry players identify areas of…
DSF eyes US expansion by 2004
DSF Consolidated Freight Services, Inc. (DSF) is looking at expanding its consolidation services in the US market next year as part of the thrust…
ICTSI unit buys Marine Terminal Cargo Management Software
INTERNATIONAL Container Terminal Services, Inc. (ICTSI), through a subsidiary, recently acquired ownership of a US-based company’s computerized marine terminal cargo management software products and…
Subic now requiring advance electronic manifest submission
IMPORTERS of goods passing through Subic Bay Freeport are being urged to submit their electronic inward cargo manifest in advance. The new ruling is…
Understanding the WTO: Principles of the trading system (2)
IN this second part of our series of articles on the WTO, we will discuss the principles of the multilateral system governing trade in…
Understanding the WTO: Nature and Concept (1)
This is a three-part series on the WTO, its nature, concept, principles and agreements. Philippine Membership to the WTO. On January 1, 1995, the…
How MNC set the Price for Exported Goods
Related Party Transactions. One common issue for Multinational Companies (MNCs) when clearing goods with customs is how to prove that the price paid for…
Latest Update on Customs Audit Systems
New Customs Positions. Last June 15, 2003, the Bureau of Customs (BoC) advertised in major newspapers a list of vacancies under the Post Entry…
Prohibited Methods of Customs Valuation
THIS is the sixth and last consecutive article relating to the WTO-based customs valuation system. In the first five articles, we discussed about methods…
Why Customs rejects the invoice price of imported goods
In our previous article entitled “WTO Agreement on Customs Valuation: An Introduction”, we discussed the background of the present WTO-based customs valuation system and…
How to defend your invoice price before the VCRC
This is the third part of a series of articles on the subject of customs valuation. Our previous article was on “why customs reject…
