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Kerim Allam

Kerim Allam

Importer
5 Followers
From Spain
To Belarus
Feb 19
2021
1
answer
Kerim A.
Feb 19, 2021

A Telex Release is the document used to authorise the release of cargo at one port after the bill of lading document has been surrendered at the other port. The carrier is required to collect the original bill of lading before any cargo is released. The bills are usually surrendered by the shipper or forwarder to a port agent (often at the port of loading). The bill includes instructions on releasing the goods to the consignee or named party.

The agent then sends a telex release to the discharge port agent to advise they have received the full set of three original bill of lading documents. The telex release is also confirmation that freight and all other charges have been paid at the port of loading. The release should include all cargo details such as name and address of consignee or named party, the container number and a detailed description of the goods.

If the telex release is complete and unambiguous then the goods may be released to the consignee or named party. Despite the name, the release is usually sent by email not telex.

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Customs Declaration Data

Should the customs declaration data be provided in Finnish or can the data be provided in the language used in the trade invoice, for example in English?
From Spain
To Belgium
Feb 03
2021
1
answer
Kerim A.
Feb 03, 2021

The information for the declaration must be provided either in Finnish or Swedish. The goods description can be provided in English.

When you use the Export Declaration Service, you can select Finnish, Swedish or English as the interface language. However, for example restrictions, messages and decisions concerning the declaration are available only in Finnish and Swedish.

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Deductions

Explain please the meaning of Deductions? 
From Argentina
To United States of America
Jan 25
2021
1
answer
Kerim A.
Jan 25, 2021

These are costs that can be removed from a customs declaration. For example, domestic freight costs, overseas export duties or licence fees, buying commissions, financial arrangements such as a discount for paying early and quantity discounts open to anyone.

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Bunker Surcharge

What is Bunker Surcharge, also Bunker Adjustment Factor (BAF)?
From Cote d'Ivoire
To Botswana
Jan 19
2021
1
answer
Kerim A.
Jan 19, 2021

"Bunker" refers to fuel used by vessels, planes and other conveyances. Carriers may typically charge a Bunker Surcharge over and above standard freight rates, in order to compensate for frequent fluctuations in the cost of fuel, as an alternative to constantly adjusting freight rates. Surcharges may be in the form of a percentage of the freight cost, or a fixed amount per freight unit.

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Re-exporting repaired equipment

In 2014, we have sold a device to a customer of ours in Kyrgyzstan. Recently, the device needed to be repaired under warranty and was returned to us. We have imported the item and customs cleared it for free circulation in the EU. We have then sent it to our supplier in Germany, who in turn sent it on to their facilities in the UK to be repaired. It’s now back in our warehouse and we would like to get it ready to be shipped back to our customer in Kyrgyzstan. How should we export this shipment – does an inward processing relief apply?
From Kyrgyzstan
To Germany
Jan 14
2021
1
answer
Kerim A.
Jan 14, 2021

Inward processing relief applies when goods are, for example, sent from the EU to a third country to be repaired and are then returned to the EU following the repair. This is not the case in your scenario. Following your regular import clearance in the EU and movements within the EU, you are now exporting again to a third country, which requires a regular export declaration. You might have been able to save duties at point of import from Kyrgyzstan, by customs clearing the goods under outward processing relief instead of clearing it for free circulation.

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