Red Sea Trade Chaos Leads to Rise in Air Freight Demand The problem with shipping through the Red Sea is starting to impact the global economy more and more. Carriers avoiding the area are suffering from longer transit times around Africa, leading not only to higher costs but also delayed deliveries and disruption throughout the… Continue reading Red Sea Trade Chaos Leads to Rise in Air Freight Demand
Key BTOM Checks May Be Skipped If UK Ports Face Congestion Information obtained by the Financial Times suggests that there’s a chance animal products coming into the UK from the EU might not undergo the required BTOM checks. These checks might be bypassed if British ports get too busy due to the application of the… Continue reading Key BTOM Checks May Be Skipped If UK Ports Face Congestion
From Streamlined to Stalled? Solving Rule of Origin Challenges in UK Construction with iCustoms The construction industry has traditionally relied on the free flow of materials across borders. The European Union customs union provided advantages to UK construction sites prior to Brexit. Projects could use steel beams from Germany, pre-cast concrete blocks from Ireland, and… Continue reading From Streamlined to Stalled? Solving Rule of Origin Challenges in UK Construction with iCustoms
Stuck in Customs? Build a Smoother Supply Chain for Your Manufacturing Clients Global supply chains are intricate and vital to the electronics manufacturing industry. Many manufacturers find it difficult to navigate the complexities of customs procedures, even if timely delivery and high-quality components are crucial. Freight forwarders face this difficulty directly since they have to… Continue reading Stuck in Customs? Build a Smoother Supply Chain for Your Manufacturing Clients
iCustoms.AI Raises $2.2 Million to Revolutionise Trade Compliance with AI London – 26.03.24 iCustoms.AI has raised $2.2 million in a seed round to support its AI-powered trade compliance solutions. This funding will propel the company towards groundbreaking innovations to automate and optimise customs and trade procedures. Simplified Trading with AI The customs clearance procedure can… Continue reading iCustoms.AI Raises $2.2 Million to Revolutionise Trade Compliance with AI
Navigating the 2024 Landscape: Stability, Challenges, and Sustainability in the Global Supply Chain After years of instability, the global supply chain appears to stabilise in 2024. Important indicators are slowly reverting to their pre-pandemic levels, indicating a return of some sort of normality. But there are still plenty more obstacles ahead, so hang on to… Continue reading Navigating the 2024 Landscape: Stability, Challenges, and Sustainability in the Global Supply Chain
More Time for Transition! CDS Export Declarations (New Deadline: June 4th, 2024) We at iCustoms are dedicated to providing you with up-to-date information on changes to customs laws. We are excited to inform you that the deadline for enterprises to transfer export declarations to the Customs Declaration Service has been extended by HMRC! Originally slated… Continue reading More Time for Transition! CDS Export Declarations (New Deadline: June 4th, 2024)
Be in the Know: Countdown to Important Commodity Code Changes Coming January 2024 Prepare for a shift in January 2024, when some commodity codes will be modified. This transition has significant implications for cross-border businesses, mandating a proactive approach to staying ahead of the developing legal landscape. Commodity codes act as product labels; changing them… Continue reading Countdown to Important Commodity Code Changes Coming January 2024
Trade Compliance News – February 2024 HMRC clarifies Import Risk Categories from EU to Great Britain To ease the confusion around BTOM declarations, HMRC have released more guidance on customs declarations. Starting March 15th, make sure you’re ready to submit full customs declarations or simplified ones (if you’re authorised) for specific imports. This change indicates… Continue reading Trade Compliance News – February 2024
ICS2 Compliance Made Easy: iCustoms HS6 Code Classification What’s HS6 Code Classification and Why is it important? A standardised system for categorising commodities for international trade is called HS6, or Harmonised System Nomenclature Codes. The European Union (EU) created ICS2, or Import Control System 2, a comprehensive cargo information system to increase the speed and… Continue reading ICS2 Compliance Made Easy: iCustoms HS6 Code Classification
