International Chamber of Commerce Releases Incoterms 2020

Incoterms 2020 has been released! As we mentioned before, the new international commerce terms take effect on January 1, 2020.

Incoterms are fundamental to foreign trade as they provide a set of contract terms for international freight. With this new edition, the ICC – International Chamber of Commerce aims to increase confidence and transparency in business and global trade.

The main purpose of Incoterms is, as it has always been since their first version of 1936, to simplify communication processes, as well as to present international negotiating terms. This new Incoterms aim to be more reachable and easier to use than their previous versions. This includes more detailed explanations, aided and reinforced with graphs illustrating the responsibilities of importers and exporters, for each Incoterms rule. The introduction of Incoterms 2020 includes detailed explanations to help direct you to the most appropriate Incoterm for a given transaction, or how your sales contract will interact with complementary contracts.

.

Some of Incoterms 2020 main characteristics are:

  • To provide for demonstrated market need in relation to bills of lading (BL) with an on-board notation and the Free Carrier (FCA) Incoterms rule;
  • To align different levels of insurance coverage in Cost Insurance and Freight (CIF) and Carriage and Insurance Paid to (CIP);
  • To include arrangements for carriage with own means of transport in FCA, Delivered at Place (DAP), Delivered at Place Unloaded (DPU), and Delivered Duty Paid (DDP);
  • There is a change in the three-letter name for Delivered at Terminal (DAT) to DPU;
  • Incoterms 2020 includes security-related requirements within carriage obligations and costs…

.

In line with their commitment to develop technology available to everyone, access to the essential information on new Incoterms is available on a Mobile Application launched by ICC, which includes a wide range of informational elements, including breaking news, events and training.

Learn more about Incoterms 2020.

You may acquire new Incoterms 2020, under ICC conditions, HERE.

Qatar Airways Cargo: Two Months in Lisbon

Last Saturday, August 24th, made two months that the regular flights of Qatar Airways Cargo to Portugal had begun.

After an initial period that require an essential and natural adaptation, we can say that we are very happy to have one of the largest and best airlines in the world here, and it is a great pride to Green Ibérica, to be chosen to be its representatives in Portugal.

Working with a company of this dimension and experience remains a challenge that gives us a great pleasure. And we can say it has been a tremendous success! Admittedly, no worthwhile path is free of obstacles and unforeseen events, but it is these that give the most flavor to victory!

We look forward to continuing this successful partnership for many years to come, and consolidating the Portuguese market in the network of airports served by the airline.

Qatar Airways em Portugal

Começaram, no dia 24 de junho, os voos diários da Qatar Airways em Lisboa! ✈️✈️✈️Veja no vídeo, o batismo do voo no aeroporto da capital portuguesa.A Green Ibérica é o representante exclusivo da Qatar Airways Cargo em Portugal! 🔝

Publicado por GREEN Iberica em Segunda-feira, 24 de junho de 2019

About Qatar Airways Cargo

Qatar Airways Cargo is fully dedicated to air freight in all its specificities. Operate more than 250 aircraft, including 27 dedicated freighters – including the latest Boeing 747-800 Freighter – for more than 160 destinations, which allows them to achieve an almost global cover.

Using the Hub at NDIA-New DOHA International Airport, awarded as the best airport in the Middle East and with the latest and most sophisticated cargo terminal, we provide an unique operation capability in the East / West routes, favoring the connection with markets in Europe, the Middle East, the Far East, the Indian Subcontinent, Africa and Australia with reduced transfers and transit times.

We offer several Cargo Services, namely to extra format dimensions, to various destinations in:

Africa – Acra (ACC), Juba (JIB), Entebbe (EBB), Johannesburg (JNB) Khartoum (KRT), Lagos (LOS), Nairobi (NBO), Maputo (MPM) and Cape Town (CPT).

Indian Subcontinent and the Middle East – Ahmadabad (AMD), Bangalore (BLR), Chennai (MAA), New Delhi (DEL), Hiderabad (HYD) Kolkata (CCU), Mumbai (BOM), Beirut (BEY), Colombo (CMB), Dhaka (DAC), Istanbul (IST), Karachi (KHI), Kuwait (KWI), Lahore (LHE) Muscat (MCT), Doha (DOH), Sialkot (SKT) and Tehran (IKA).

Far East and Southeast Asia – Macau (MFM), Guangzhou (CAN), Hanoi (HAN) Ho Chi Minh (SGN), Hong Kong (HKG), Phnom Penh (PNH), Seoul (ICN), Shanghai (PVG) and Yangon (RGN).

In addition to flights operated from DOHA, the European hubs Amsterdam (AMS), Zaragoza (ZAZ) Liege (LGG) and Luxemburg (LUX) operate daily freighters to Mexico (MEX) and USA – Chicago (ORD), Atlanta (ATL), Houston (IAH) New York (JFK), Miami (MIA), Dallas (DFW), Los Angeles) and a vast network of synchronized road links.

 

If you have cargo to be sent by air, get in touch with us!

Qatar Airways Will Have a Daily Flight to Lisbon!

Like we’ve shared last week, Green Ibérica’s represented Qatar Airways Cargo, will have direct flights to Lisbon, starting June 24. The announcement became official in the opening ceremony of ITB Berlin, the world’s largest international travel and tourism trade show.

In the ceremony, that took place last Wednesday, March 6, the CEO of the group, Mr. Akbar Al Baker, announced seven new destinations, in which besides Lisbon, are: Malta; Rabat, Morocco; Langkawi, Malaysia; Davao, Philippines; Izmir, Turkey; and Mogadishu, Somalia.

This investment fits in the growth policy of the global route network the airline is having. This reality leaves the CEO “tremendously excited to be adding seven new destinations to our rapidly expanding global route network later this year”.

You can find the company’ press release, HERE.

The Aircraft in charge of this service will be a Boeing 787 DreamLiner, like the one in the video bellow.

.

About Qatar Airways Cargo

Qatar Airways Cargo is fully dedicated to air freight in all its specificities. Operate more than 200 aircraft, including 22 dedicated freighters – including the latest Boeing 747-800 Freighter – for more than 150 destinations, which allows them to achieve an almost global cover.

Using the Hub at NDIA-New DOHA International Airport, awarded as the best airport in the Middle East and with the latest and most sophisticated cargo terminal, we provide an unique operation capability in the East / West routes, favoring the connection with markets in Europe, the Middle East, the Far East, the Indian Subcontinent, Africa and Australia with reduced transfers and transit times.

We offer several Cargo Services, namely to extra format dimensions, to various destinations in:

  • Africa – Acra (ACC), Juba (JIB), Entebbe (EBB), Johannesburg (JNB), Khartoum (KRT), Lagos (LOS), Nairobi (NBO), Maputo (MPM) and Cape Town (CPT).
  • Indian Subcontinent and the Middle East – Ahmadabad (AMD), Bangalore (BLR), Chennai (MAA), New Delhi (DEL), Hiderabad (HYD), Kolkata (CCU), Mumbai (BOM), Beirut (BEY), Colombo (CMB), Dhaka (DAC), Istanbul (IST), Karachi (KHI), Kuwait (KWI), Lahore (LHE), Muscat (MCT), Doha (DOH), Sialkot (SKT) and Tehran (IKA).
  • Far East and Southeast Asia – Macau (MFM), Guangzhou (CAN), Hanoi (HAN), Ho Chi Minh (SGN), Hong Kong (HKG), Phnom Penh (PNH), Seoul (ICN), Shanghai (PVG) and Yangon (RGN).

In addition to flights operated from DOHA, the European hubs Amsterdam (AMS), Zaragoza (ZAZ), Liege (LGG) and Luxemburg (LUX) operate daily freighters to Mexico (MEX) and USA – Chicago (ORD), Atlanta (ATL), Houston (IAH), New York (JFK), Miami (MIA), Dallas (DFW), Los Angeles) and a vast network of synchronized road links.

Importation, Import to Portugal

How to Import to Portugal – Guidelines

Export of and Import to Portugal, can be the only ways for a company to have a reliable economic model in one market as limited as the Portuguese.

Nowadays, if you want to have a company economically sustainable, especially in a limited market as the Portuguese, frontiers can and should be, just geographic references, not having vital importance in where businesses take place. It is in this context that products Importation and Exportation – intra-community acquisition of goods, when within European Union – rise.

Import to Portugal in a safety way, is not too complex. That doesn’t mean that it does not have any risks. It is important to identify those risks, be ready and mitigate them. You have to pay attention to some processes so everything go without unpleasant surprises.

In this article, Green Ibérica intends to approach the theme “How to Import to Portugal” and give a few tips to help you with this process.

 

Planning

First of all, planning is crucial. As Portuguese, we have the art of “desenrascar” crusted in our identities. Maybe you should keep that cultural quality for other fields, though. You’ll have to develop a good business plan so you can know/define the strategic way to follow. Research, study, devote resources and describe in detail all the actions you’ll have to take.

 

Make Sure You Are Legally Able to Import to Portugal

After you plan and know exactly the way to go, make sure your company have every legal requirements needed in this kind of transactions. Make sure the “NIPC” of the company have the importation and exportation activity in the corporate object.

 

Select Your Importation Suppliers

To make sure that you can rely on your potential suppliers to import to Portugal, you should attend to fairs, conferences, congresses, etc., that they can be at.  Beyond that, personal contact with the company, with their representatives and with their products and services can help you deciding if that is what you need. Look for references. Try to know more about their clients. If possible, try to reach them and hear their experience.

There are several websites that can help you researching for the best places to go. n’Feiras and 10times are just two examples, there are much more, you just have to look in the area you want to.

 

Go to the Supplier Factory

There are no better way to know your suppliers and their products, than go and see them in loco. If you have that opportunity check all the manufacturing process. Including machinery conditions, certificates, safety norms and anything that can certify the integrity of your supplier.

 

Built an Expenses Sheet

Is not easy to get immediately how much you will pay. The product price is just one of the costs you will have. To be aware of taxes, charges, insurances and other amounts of the import to Portugal transaction, will help you determine its feasibility.

So, before you close a deal, be aware all the potential costs, which can include:

  • International Shipping;
  • International Shipping insurance;
  • Importation Taxes;
  • Customs Fees;
  • VAT;
  • Bank Expenses;
  • Port Charges;
  • Storage Charges;
  • Customs Broker;
  • Internal Shipping…

 

Negotiate Incoterms

By the time of the negotiation it is possible your supplier offers you three intercoms[1]  for the cargo shipping:

  • FOB (Free On Board or FCA – Free CArrier, for air cargo) – cover the shipping costs, from the place of receipt to the Port of Loading.

  • CFR (Cost and FReight) – the seller its responsible for the sea shipping.

  • DAP (Delivery At Place) – The seller is the responsible for all the costs of the shipping, since the place of receipt to the place of delivery.

To choose the best incoterm will depend on the knowledge and the contacts you have, mostly in the origin place of the goods you acquire.

 

Documents Needed to Import to Portugal

After boarding, the exporter send several documents that will allow the importer to release the cargo in the customs. Be aware on the details in the documents. Little inaccuracies can drive to major problems, which ultimately can lead to the apprehension of the goods. If you don’t have the knowledge, looking for an experienced partner can be important.

There are global laws, and so documentation, which are mandatory all over the world. Besides that, there are local laws and local legislation that should be studied, so you avoid unpleasant surprises.

Some of the most important documents to importation:

  • Bill of Lading (B/L) – Is the most important document in the sea shipping. It is issued by the containerized shipping company (or by a transport agent, as Green Ibérica) to be informed about a cargo shipping. B/L has three main purposes: is the shipping contract between the shipper and the containerized shipping company; is the delivery receipt of the cargo; and is possession title of the goods, which usually can be negotiated/transferred.

  • AirWay Bill – Such as B/L in sea shipping, AirWay Bill is the most important document in air cargo transport. In contrast to B/L, it can’t be negotiable. The main functions of AirWay Bill are: transport contract; receipt proof of the goods; freight bill; insurance certificate; customs declaration…

  • Commercial Invoice – Emitted by the supplier, the commercial invoice have the data of the company and of the cargo. In many countries is used to determine the value of the goods that will determine the customs fee.

  • Packing List – It’s a supplementary document to the commercial invoice, which intent is to describe the content of the shipment. Identify volumes, dimensions, weights, references, etc., of each package. In short, Packing List covers transported boxes and/or packages. Commercial invoice covers every item commercialized.

  • Origin Certificate – As its name, this document certificate the origin of the goods. There are several Origin Certificates, the most usual is the Form A. This form also allows to have access to tax benefits of some goods.

  • Insurance Certificate – It’s a way to assure consignees that possible losses and/or damages occurred in the goods during the shipping, are covered.

 

 

Conclusion

We’ve had discussed some tips that can be useful if you are thinking about internationalize your business. Export of and Import to Portugal, and so internationalization, can be the only way for you to manage a dynamic and secure company. Even so, maybe you shouldn’t take the deep plunge. Work your way paying attention to the market´ response. Don’t forget, the most important is for you to surround yourself of people/companies secure and experienced in the field. Gather as many information as you can.

Work hard, be confident and believe. Your resilience will be awarded!

 

Green Ibérica

 

 

[1] Incoterms are the international terms used in commerce, which determine duties and obligations of both importers and exporters. Know more about Incoterms in the website of ICC – International Chamber of Commerce. ­­­