Shipping lines get tough over new EU cargo information rules

June 23, 2011 — Leave a comment

Seems like ‘cargo reporting’ is becoming as infectious as a virus! The shipping industry has warned its customers that failure to comply with new EU regulations will mean fines and their cargo will not be loaded. Following similar measures introduced by the US in 2002, it seems that not only is there a possibility of “fines” and “no loading of cargo”, but that shipping lines even get to cash in on a revenue opportunity; some to the extent of US$25 per bill of lading. It absolutely amazes me that this is allowed to happen – talk about non-tariff barriers!  While SARS, for example, can give thousands of ZA Rands worth of intellectual property (for free) to the trading community – with the hope of making trading easier – why can the bastions of the sea not do likewise? Seems as though the “war on terror” has been interpreted by some as a ‘cash cow’!  Read the full article online:



No Comments

Be the first to start the conversation!

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s