Locked & Loaded Logistics

04/12/2024

24/07/2024

On 19 July 2024, the South African Revenue Service (SARS) announced an increase in the ‘ordinary’ customs duty in Part 1 of Schedule No.1 to the Customs and Excise Act, 1964 (Ordinary Customs Duty), classifiable in tariff subheadings 8507.10.91 and 8507.10.99, on lead acid batteries from 15% ad valorem to 30% ad valorem.

The reasoning for the increase is contained in the International Trade Administration Commission of South Africa (ITAC) Report No.702.

04/07/2024

📜 C O M M E R C I A L I N V O I C E 📜
What information must I include in my commercial invoice?
Pro-forma and commercial invoices need to include the following information:

• Seller and Buyer’s Details:

Name, address, contact details of both parties
Note: The seller and buyer are not always the same as the exporter and importer.
• Date and Place of Sale:

When and where the goods were sold.
• Detailed Description of Goods:

Item names
Price per unit
Quality or grade
Quantity
HS code
Country of origin
Value and currency
Marks, numbers, or symbols under which the goods are sold.
• Terms of Trade (Incoterms):

Clearly specify the terms agreed upon.
• Terms of Payment:

Including the method of payment.
• Ancillary Costs:

Such as freight or insurance (if applicable).
• Shipment Details:

“Ship to” party’s full name, address, and contact information
Point of departure and destination country.
• Packing Specifications:

Number and types of packages
Individual package contents
Marks and numbers
Sizes and weights.
• Buyer-Provided Goods or Services:

Any raw materials, processing equipment, or contracted services provided by the buyer.
• Additional Information:

Terms and conditions of the sale (can be listed on the commercial invoice or on a separate document).
• Seller’s Signature:

Signature, name, title, and date of signing.
Important Note:
If freight and insurance costs are included in the selling price, customs must be able to differentiate between dutiable and non-dutiable items when inspecting the commercial invoice.

04/07/2024

https://www.freightnews.co.za/article/msc-surges-ahead-worlds-largest-container-line?utm_source=newsletter&utm_medium=email&utm_campaign=daily-news-2024-07-03&utm_content=msc-surges-ahead-as-world%27s-largest-container-line

Mediterranean Shipping Company has reached a significant milestone, becoming the first container shipping line to command a 20% share of the global containerised capacity. The Swiss carrier has grown

04/07/2024

https://www.freightnews.co.za/article/qatar-airways-expansion-opens-trade-africa?utm_source=newsletter&utm_medium=email&utm_campaign=daily-news-2024-07-03&utm_content=qatar-airways%E2%80%99-expansion-opens-trade-in-africa

Qatar Airways’ expansion plans are set to boost air traffic and access to business markets in Africa. Qatar Airways recently announced its intention to expand its presence on the continent with a

04/07/2024

The import duties on solar panels have been increased from zero to 10%

The import duties on solar panels have been increased from zero to 10%, based on an application brought by a local manufacturer in 2017. Donald MacKay, CEO of XA Global Trade Advisors, points out

04/07/2024

https://www.freightnews.co.za/article/fuel-price-drop-relief-consumers?utm_source=newsletter&utm_medium=email&utm_campaign=daily-news-2024-07-03&utm_content=fuel-price-drop-a-relief-for-consumers

Motorists and fleet owners will get significant relief at the fuel pumps from Wednesday after prices dropped significantly at midnight on July 3. The latest fuel price decreases come after the price

05/06/2024

https://www.freightnews.co.za/article/business-activity-dips-orders-put-hold?utm_source=newsletter&utm_medium=email&utm_campaign=daily-news-2024-06-04&utm_content=business-activity-dips-as-orders-put-on-hold

The latest seasonally adjusted Absa Purchasing Managers’ Index (PMI) dipped to below 50 points, despite another month of no load-shedding as demand dropped due to election jitters. According to

05/06/2024

https://www.freightnews.co.za/article/fleet-owners-get-relief-fuel-pumps?utm_source=newsletter&utm_medium=email&utm_campaign=daily-news-2024-06-04&utm_content=fleet-owners-get-relief-at-fuel-pumps

Motorists and transporters will get relief at fuel pumps when the prices of all grades of petrol decrease. The Department of Mineral Resources and Energy announced in a statement on Tuesday that the

05/06/2024

https://www.freightnews.co.za/article/e-com-platforms-cause-air-cargo-deluge-ex-asia?utm_source=newsletter&utm_medium=email&utm_campaign=daily-news-2024-06-04&utm_content=e-com-platforms-cause-air-cargo-deluge-ex-asia

The online appeal of heavily discounted goods distributed directly out of China by e-commerce sites Temu and Shein is causing major disruptions in the global air cargo industry, squeezing out

08/05/2024

🌟🎉 GIVEAWAY ALERT! 🎉🌟

🎁 Win R2000 in cash! 💸✨

We are hosting a spectacular giveaway! Follow these simple steps to enter:

1️⃣ Like our page and follow us for updates on future giveaways and exciting content!

2️⃣ Like and share this post to spread the word!

3️⃣ Tag 3 friends in the comments below who would love to win some cash too!

4️⃣ Share this post to your story and your feed for extra entries! 📲✨

BONUS: Get your friends to like and share this post for additional chances to win!

🏆 The lucky winner will be chosen by random draw once we hit 1000 followers! Don't miss out on your chance to win R2000 in cash! 💰

Hurry, the giveaway ends soon! Good luck to everyone! 🍀🎉

[Disclaimer: This promotion is in no way sponsored, endorsed, or administered by Facebook.]

06/05/2024

https://www.freightnews.co.za/article/air-cargo-sector-continues-soar?utm_source=newsletter&utm_medium=email&utm_campaign=daily-news-2024-05-02&utm_content=air-cargo-sector-continues-to-soar

Global air cargo markets are showing strong annual growth in demand, as shown by the latest data released by Iata. Iata’s latest report on air cargo growth for March 2024 showed that total global