Merger Update: CSCL / COSCO

CSCL and COSCO have merged, following the integration and restructure of China COSCO, COSCO Pacific, China Shipping Container LINES (CSCL) and China Shipping Development. It’s a merger that will create an organisation that will be one of the world’s four largest container shipping lines. The new entity will have a fleet of 288 container ships, of which 84 […]

Enhanced Project Bylaw Scheme (EPBS) closure

A recent major announcement from the Australian Government is that the Enhanced Project Bylaw Scheme (EPBS) will be closed. The EPBS provides duty free entry for goods associated with certain large capital projects. For very large projects the scheme was often more efficient than using tariff concession orders.  It was no doubt more popular in an environment […]

Container Weight: Who is responsible for VGM?

In January of 2015, the International Maritime Organisation (IMO) amended the Safety of Life at Sea Convention (SOLAS) to require – as a condition for loading a packed container on to a ship for export, that the container has a verified gross mass (VGM). 20Cube provided an update to our clients earlier this month on the […]

Tariff Concession Orders

The Australian Border Force (Customs) acknowledge that the interpretation of Duty Free Tariff Concession Orders (TCO) is an area of concern for importers and brokers. 20Cube advise our clients that care needs to be taken when claiming TCOs. In particular: Does the NEW / UPDATED model still fit the TCO? Particular goods may been eligible to claim […]

Trade Credit Insurance

n the current economic climate all businesses large and small face the challenge of managing cash flow and the risks associated with bad debts. No matter how well managed and how successful a business may be, cash flow and profitability can be significantly impacted should a major customer or a number of key customers fail […]