January 01, 2020
Periodically revised by the International Chamber of Commerce (ICC), the newest edition of Incoterms® 2020 rules entered into force on 1st January 2020.
Please see Tools Tab for further information or click here.
December 19, 2019
IMO 2020 Regulation
The International Maritime Organization (IMO) Low Sulphur Regulation will be in effect January 1st, 2020, requiring all vessel operators to reduce their sulphur emissions by 85%.
To date vessel operators have been using high sulphur fuel oil (HSFO) with a sulphur content of up to 3.5 percent. IMO 2020 regulations require using fuel with a sulphur content of 0.5 percent or lower.
Effective December 2019 carriers have started to use IMO 2020 compliant fuels VLSFO / MGO, which tend to be more expensive than the Heavy Fuel Oil (HFO) currently used – impacting the overall BAF calculation.
New low sulphur charges have been implemented on the majority of the sea routes with the whole program coming into effect on 1 January, 2020
Check out the video about the IMO changes: video
August 01, 2019
Antrak secures the Transport and logistics contract for Perseus Yaoure Gold Project
Antrak secures the Transport and logistics contract for Perseus Yaoure Gold Project. The Yaoure Gold Project is located in central Côte d'Ivoire, approximately 250 km northwest of the commercial capital, Abidjan, and approximately 40 km northwest of capital city Yamoussoukro. Yaouré will be Perseus’s third operating mine in West Africa and will make a significant contribution towards Perseus’s target of producing in excess of 500,000 ounces of gold by 2021.
June 09, 2019
New Incoterms 2020 are being drafted in the ICC Committee of Experts (Drafting Group)
The new Incoterms 2020 are being drafted in the International Chamber of Commerce (ICC) Committee of Experts (Drafting Group).
The new Incoterms are expected to appear in the last quarter of 2019 and will enter into force on January 1, 2020.
Please contact Alan Simpson (asimpson@antrak.com.au) for details of changes to INCOTerms.
May 31, 2019
Government of Ghana - new implementations
Effective 1st June 2019, the Government of Ghana is implementing a country of origin inspection and receipt of advance eWaste levy on Electrical and Electronic Equipment (EEE) and tyres imported into the country. The registration of products, payment of the levy and receipt of e-waste certificates are to be done by the exporter on the SGS Exporter Portal platform https://exporter-portal.sgs.com,.
March 31, 2019
Tanzania Shipping Agencies Corporation (TASAC)
The Tanzania Shipping Agencies Corporation (TASAC) has been charged with a responsibility to undertake Customs clearing and forwarding services, ship tallying and shipping agency. The Act also requires the Corporation to control all key shipping documents related to shipping agency. The decision has been contested by local industry, and implementation has been deferred until June 19.
January 31, 2019
Antrak secures the Transport and Logistics contract for the Sanbrado Gold Project
West African Resources has commenced construction of its Sanbrado Gold Project, a high-grade gold discovery in Burkina Faso, West Africa.
Antrak secures the Transport and Logistics contract for the Sanbrado Gold Project. Scope of Work, End to End delivery.