keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events

WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Monday, 01 October 18
Baltic briefingIf you live in the UK, you might be finding it difficult to get away from the Brexit debate. “Hard Brexit”, “soft Brexit”, “Brexit means Brexit”, “no-deal Brexit” — day after day, terms related to the UK’s imminent departure from the EU are bandied repeatedly in British media and culture. And there’s so much uncertainty about what the UK’s EU divorce settlement will look like, it’s enough to make even the strongest Leave advocates grow weary.
Nevertheless, the date of the UK’s exit from the EU is fast approaching and failing a dramatic u-turn, as of 23:00 GMT on Friday March 29, 2019, the country will no longer be a member of the multinational trading bloc. With 95% of the UK’s international trade carried through its ports, shipping is an industry that will undeniably be impacted by the ramifications of Brexit. For companies, the uncertainty of how the UK’s trading relations with the EU will appear after the deadline is difficult to contend with.
The UK Government has sought to inform the public as to the implications for the trade in goods between the UK and EU nations of a no-deal Brexit — whereby the UK would leave the EU without agreement. Near the end of August, the UK Government published guidance entitled Trading with the EU if there’s no Brexit deal. The document explains what would happen to customs and excise procedures in the event of a no-deal scenario on March 29, as well as what businesses trading with the EU will need to know.
No-deal customs
According to the guidance, if the UK left the EU on March 29 without an agreement, the free movement of goods between the UK and EU would stop. The document continues by giving three examples of how businesses trading with the EU would be affected. Firstly, companies would have to apply the same customs rules to goods moving between the UK and the EU as those currently applicable to goods moving between the UK and non-EU countries (with customs duty potentially also due on EU imports). Customs declarations would therefore have to be made when products enter or leave the UK. Additionally, separate safety and security declarations would have to be made by the items’ carrier (normally the haulier, airline or shipping line, depending on the transport mode used to import or export them).
Secondly, the EU would put customs and excise rules on goods it gets from the UK in the same way it does for products it gets from outside the EU. This means the EU would require customs declarations on goods coming from or going to the UK, plus safety and security declarations. The third and final example is that for excise goods movements, the Excise Movement Control System (EMCS) would no longer be used to control suspended EU–UK movements. However, EMCS would still control the movement of duty suspended excise goods within the UK (including movements to and from UK ports and airports and the Channel Tunnel). Therefore, immediately upon UK importation, companies moving excise goods within the EU (including in duty suspension) would have to put them into UK excise duty suspension or pay duty.
Import/export info
For companies importing EU goods, a no-deal Brexit would mean following customs procedures the same way they currently do when importing non-EU goods. Thus, for EU goods going into the UK, import declarations would be needed, customs checks might occur and any customs duties would need payment. Before importing EU products, a firm would have to register for a UK Economic Operator Registration and Identification (EORI) number, ensure their contracts and International Terms and Conditions of Service reflect that they are an importer, consider how they would submit import declarations (including whether to use a customs broker, freight forwarder or logistics provider) and decide upon their items’ correct classification and value (and enter this on the customs declaration).
When actually importing EU items, a company would need a valid EORI number and would have to ensure their carrier has submitted an Entry Summary Declaration at the right time, submit an import declaration to HMRC using their software (or get their customs broker, freight forwarder or logistics provider to do so) and pay Value Added Tax (VAT) and import duties, including excise duty on excise goods unless the goods go into duty suspension (import VAT may also be due). When excise goods leave a customs suspensive arrangement, they might immediately gointo an excise duty suspension regime, and a business would have to declare them on EMCS for onward movement via a Registered Consignor. Companies might also have to apply for an import licence or give supporting documentation to import specific kinds of goods into the UK, or comply with the relevant customs import procedure’s conditions.
The UK Government’s stance is that both itself and the EU are seeking a positive deal, and in September, UK Prime Minister Theresa May said she believed that European Council president Donald Tusk had “clarified … there is hope and expectation for a deal on the side of the European Union”. However, she later noted that she had “always said no deal is better than a bad deal”, adding: “I think a bad deal will be a deal, for example, that broke up the United Kingdom.”
For businesses exporting goods to the EU, a no-deal Brexit would mean them following customs procedures like they do currently when exporting goods to a non-EU nation. Similar to the above, before exporting to this destination, they would need to register for an UK EORI number, ensure their contracts and INCOTERMS reflect that they are an exporter and consider how they would submit export declarations (again, including whether to use a customs broker, freight forwarder or logistics provider). When they do export, companies would need to possess a valid EORI number and submit an export declaration to HMRC (or get their customs broker, freight forwarder or logistics provider to do so — additionally, the export declaration may need to be lodged in advance so export permission is given before the goods leave the UK). Firms might also need to apply for an export licence or provide supporting documentation to export specific kinds of goods from the UK, or meet the terms of the relevant customs export procedure. When exporting duty suspended excise goods to the EU, a business would have to keep using EMCS to record the duty suspended movement from a UK warehouse or premises to the port of export.
For carriers, a no-deal scenario would mean them having to make a Safety and Security Declaration for goods moving between the UK and EU. This declaration comes in two forms: an Exit Summary Declaration (EXS) and an Entry Summary Declaration (ENS). A carrier generally needs to send an EXS to the customs authority of the country from which the consignment is being exported. For consignments exported from the UK, this declaration generally forms part of the Export Declaration. Additionally, a carrier must send an ENS to the customs authority of the nation the consignment is entering.

If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 16 July 19
Japanese utilities will rely on the return of coal-fired power plants from maintenance to meet peak electricity demand this summer, highlighting th ...

Tuesday, 16 July 19
Capesize It was a Brazilian affair with a strong splash of bunkers characterising the Capesize market over the past week. Largely traded in Eur ...

Wednesday, 10 July 19
KOREA SOUTH-EAST POWER INVITES BIDS FOR HCV AND LCV COAL FOR AUGUST 2019 LOADING South Korea’s Korea South-East Power Co., Ltd. (KOEN) has issued an international tender for total 460,000 to 500,000 Metric To ...

Wednesday, 10 July 19
In contrast with the general expectations for the dry bulk market, the sector was not positive or even stable during the past 6 months. The warning ...

Monday, 08 July 19
INDONESIAN COAL PRICE REFERENCE POSTS BIGGEST MONTHLY LOSS SINCE JANUARY 2017 The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...

   1 2 3 4 5   
Showing 1 to 5 news of total 5506
News by Category
Popular News
Total Members : 26,329
User ID
Remember Me
By logging on you accept our TERMS OF USE.
Forgot Password
Our Members Are From ...

  • Australian Coal Association
  • Central Electricity Authority - India
  • PLN - Indonesia
  • Glencore India Pvt. Ltd
  • Infraline Energy - India
  • Wilmar Investment Holdings
  • Arutmin Indonesia
  • India Bulls Power Limited - India
  • TeaM Sual Corporation - Philippines
  • Africa Commodities Group - South Africa
  • Tata Power - India
  • The State Trading Corporation of India Ltd
  • Mercator Lines Limited - India
  • RBS Sempra - UK
  • Madhucon Powers Ltd - India
  • Coal India Limited
  • Leighton Contractors Pty Ltd - Australia
  • Kideco Jaya Agung - Indonesia
  • Bangkok Bank PCL
  • Sojitz Corporation - Japan
  • Ceylon Electricity Board - Sri Lanka
  • Tanito Harum - Indonesia
  • KPCL - India
  • Oldendorff Carriers - Singapore
  • IBC Asia (S) Pte Ltd
  • Anglo American - United Kingdom
  • KEPCO - South Korea
  • Mintek Dendrill Indonesia
  • Petrosea - Indonesia
  • Economic Council, Georgia
  • Commonwealth Bank - Australia
  • Jorong Barutama Greston.PT - Indonesia
  • Siam City Cement PLC, Thailand
  • Samsung - South Korea
  • Argus Media - Singapore
  • Star Paper Mills Limited - India
  • Singapore Mercantile Exchange
  • Coeclerici Indonesia
  • Deloitte Consulting - India
  • Bayan Resources Tbk. - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Peabody Energy - USA
  • Inco-Indonesia
  • McKinsey & Co - India
  • Total Coal South Africa
  • Thailand Anthracite
  • Permata Bank - Indonesia
  • EMO - The Netherlands
  • KOWEPO - South Korea
  • Bahari Cakrawala Sebuku - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Global Coal Blending Company Limited - Australia
  • New Zealand Coal & Carbon
  • Humpuss - Indonesia
  • Thiess Contractors Indonesia
  • Orica Australia Pty. Ltd.
  • Core Mineral Indonesia
  • London Commodity Brokers - England
  • Orica Mining Services - Indonesia
  • Mercuria Energy - Indonesia
  • MS Steel International - UAE
  • UOB Asia (HK) Ltd
  • Australian Commodity Traders Exchange
  • Kapuas Tunggal Persada - Indonesia
  • Ministry of Finance - Indonesia
  • Vitol - Bahrain
  • Bhatia International Limited - India
  • CESC Limited - India
  • The India Cements Ltd
  • Carbofer General Trading SA - India
  • Tamil Nadu electricity Board
  • Xindia Steels Limited - India
  • Banpu Public Company Limited - Thailand
  • Kumho Petrochemical, South Korea
  • Eastern Energy - Thailand
  • Savvy Resources Ltd - HongKong
  • PLN Batubara - Indonesia
  • IMC Shipping - Singapore
  • Mjunction Services Limited - India
  • European Bulk Services B.V. - Netherlands
  • Ince & co LLP
  • Renaissance Capital - South Africa
  • Noble Europe Ltd - UK
  • Merrill Lynch Bank
  • Aditya Birla Group - India
  • Salva Resources Pvt Ltd - India
  • Billiton Holdings Pty Ltd - Australia
  • Surastha Cement
  • ETA - Dubai
  • CoalTek, United States
  • Bukit Makmur.PT - Indonesia
  • TNPL - India
  • Sucofindo - Indonesia
  • Kobe Steel Ltd - Japan
  • Neyveli Lignite Corporation Ltd, - India
  • Malco - India
  • MEC Coal - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Xstrata Coal
  • Ind-Barath Power Infra Limited - India
  • Borneo Indobara - Indonesia
  • Credit Suisse - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Mitsui
  • Toyota Tsusho Corporation, Japan
  • Cardiff University - UK
  • Jatenergy - Australia
  • TANGEDCO India
  • Cement Manufacturers Association - India
  • Goldman Sachs - Singapore
  • Sindya Power Generating Company Private Ltd
  • CIMB Investment Bank - Malaysia
  • Gupta Coal India Ltd
  • McConnell Dowell - Australia
  • Gujarat Electricity Regulatory Commission - India
  • Indian School of Mines
  • Sical Logistics Limited - India
  • Freeport Indonesia
  • Clarksons - UK
  • Britmindo - Indonesia
  • GHCL Limited - India
  • Ernst & Young Pvt. Ltd.
  • Geoservices-GeoAssay Lab
  • SRK Consulting
  • Medco Energi Mining Internasional
  • Gujarat Mineral Development Corp Ltd - India
  • Bukit Baiduri Energy - Indonesia
  • Maybank - Singapore
  • TNB Fuel Sdn Bhd - Malaysia
  • IOL Indonesia
  • Thriveni
  • ING Bank NV - Singapore
  • PNOC Exploration Corporation - Philippines
  • Bharathi Cement Corporation - India
  • SGS (Thailand) Limited
  • Rudhra Energy - India
  • Shenhua Group - China
  • EIA - United States
  • Adani Power Ltd - India
  • Cigading International Bulk Terminal - Indonesia
  • Altura Mining Limited, Indonesia
  • Power Finance Corporation Ltd., India
  • World Coal - UK
  • Coaltrans Conferences
  • Central Java Power - Indonesia
  • Shree Cement - India
  • Japan Coal Energy Center
  • Trasteel International SA, Italy
  • PowerSource Philippines DevCo
  • Ministry of Transport, Egypt
  • Kaltim Prima Coal - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Rio Tinto Coal - Australia
  • Maruti Cements - India
  • Essar Steel Hazira Ltd - India
  • Bulk Trading Sa - Switzerland
  • Vijayanagar Sugar Pvt Ltd - India
  • Karaikal Port Pvt Ltd - India
  • IHS Mccloskey Coal Group - USA
  • Dalmia Cement Bharat India
  • Coastal Gujarat Power Limited - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Parliament of New Zealand
  • Asian Development Bank
  • Reliance Power - India
  • Posco Energy - South Korea
  • Binh Thuan Hamico - Vietnam
  • Indonesian Coal Mining Association
  • Electricity Generating Authority of Thailand
  • Miang Besar Coal Terminal - Indonesia
  • Cargill India Pvt Ltd
  • Coal Orbis AG
  • Straits Asia Resources Limited - Singapore
  • Sakthi Sugars Limited - India
  • Cosco
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Moodys - Singapore
  • Larsen & Toubro Limited - India
  • Kohat Cement Company Ltd. - Pakistan
  • South Luzon Thermal Energy Corporation
  • Barasentosa Lestari - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Aboitiz Power Corporation - Philippines
  • Platts
  • Thai Mozambique Logistica
  • Indika Energy - Indonesia
  • SASOL - South Africa
  • Maersk Broker
  • Lafarge - France
  • Arch Coal - USA
  • Attock Cement Pakistan Limited
  • Sree Jayajothi Cements Limited - India
  • JPMorgan - India
  • Energy Link Ltd, New Zealand
  • Pinang Coal Indonesia
  • Independent Power Producers Association of India
  • SMG Consultants - Indonesia
  • Mitra SK Pvt Ltd - India
  • Timah Investasi Mineral - Indoneisa
  • Indo Tambangraya Megah - Indonesia
  • APGENCO India
  • Agrawal Coal Company - India
  • Fearnleys - India
  • Qatrana Cement - Jordan
  • Chettinad Cement Corporation Ltd - India
  • VISA Power Limited - India
  • Merrill Lynch Commodities Europe
  • Planning Commission, India
  • Asia Cement - Taiwan
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Latin American Coal - Colombia
  • Riau Bara Harum - Indonesia
  • Heidelberg Cement - Germany
  • globalCOAL - UK
  • Lanco Infratech Ltd - India
  • IEA Clean Coal Centre - UK
  • Vedanta Resources Plc - India
  • GB Group - China
  • Wood Mackenzie - Singapore
  • Coalindo Energy - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Bhoruka Overseas - Indonesia
  • The Treasury - Australian Government
  • Standard Chartered Bank - UAE
  • Panama Canal Authority
  • Grasim Industreis Ltd - India
  • Formosa Plastics Group - Taiwan
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Ministry of Mines - Canada
  • BRS Brokers - Singapore
  • Russian Coal LLC
  • Indian Oil Corporation Limited
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Idemitsu - Japan
  • Mitsubishi Corporation
  • Kalimantan Lumbung Energi - Indonesia
  • Runge Indonesia
  • Adaro Indonesia
  • NTPC Limited - India
  • Krishnapatnam Port Company Ltd. - India
  • Videocon Industries ltd - India
  • Ambuja Cements Ltd - India
  • Thomson Reuters GRC
  • Chamber of Mines of South Africa
  • Romanian Commodities Exchange
  • Gresik Semen - Indonesia
  • Eastern Coal Council - USA
  • Indogreen Group - Indonesia
  • Tata Chemicals Ltd - India
  • J M Baxi & Co - India
  • LBH Netherlands Bv - Netherlands
  • GAC Shipping (India) Pvt Ltd
  • Holcim Trading Pte Ltd - Singapore
  • Price Waterhouse Coopers - Russia
  • PTC India Limited - India
  • Meenaskhi Energy Private Limited - India
  • Globalindo Alam Lestari - Indonesia
  • Makarim & Taira - Indonesia
  • Intertek Mineral Services - Indonesia
  • Samtan Co., Ltd - South Korea
  • Minerals Council of Australia
  • SUEK AG - Indonesia
  • Georgia Ports Authority, United States
  • Bhushan Steel Limited - India
  • World Bank
  • CNBM International Corporation - China
  • Edison Trading Spa - Italy
  • ACC Limited - India
  • Directorate Of Revenue Intelligence - India
  • ANZ Bank - Australia
  • Bangladesh Power Developement Board
  • Deutsche Bank - India
  • Indonesia Power. PT
  • PetroVietnam
  • Vale Mozambique
  • Indorama - Singapore
  • Antam Resourcindo - Indonesia
  • Uttam Galva Steels Limited - India
  • Kobexindo Tractors - Indoneisa
  • OCBC - Singapore
  • Metalloyd Limited - United Kingdom
  • Vizag Seaport Private Limited - India
  • Barclays Capital - USA
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • GMR Energy Limited - India
  • WorleyParsons
  • Enel Italy
  • Maharashtra Electricity Regulatory Commission - India
  • Karbindo Abesyapradhi - Indoneisa
  • Marubeni Corporation - India
  • bp singapore
  • Platou - Singapore
  • Mechel - Russia
  • CCIC - Indonesia
  • HSBC - Hong Kong
  • OPG Power Generation Pvt Ltd - India
  • Pendopo Energi Batubara - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • JPower - Japan
  • Coal and Oil Company - UAE
  • ASAPP Information Group - India
  • Inspectorate - India
  • Gujarat Sidhee Cement - India
  • UBS Singapore
  • DBS Bank - Singapore
  • Malabar Cements Ltd - India
  • Simpson Spence & Young - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • BNP Paribas - Singapore
  • Siam City Cement - Thailand
  • Jaiprakash Power Ventures ltd
  • Rashtriya Ispat Nigam Limited - India
  • NALCO India
  • GVK Power & Infra Limited - India
  • Bank of America
  • Berau Coal - Indonesia
  • Interocean Group of Companies - India
  • The University of Queensland
  • White Energy Company Limited
  • GNFC Limited - India
  • Bank of China, Malaysia
  • Parry Sugars Refinery, India
  • ICICI Bank Limited - India
  • KPMG - USA
  • Port Waratah Coal Services - Australia
  • Cemex - Philippines
  • Thermax Limited - India
  • Jindal Steel & Power Ltd - India
  • U S Energy Resources