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

Thursday, 07 January 21
Despite some near-term delays due to the Covid-19 pandemic, solar power and offshore wind will drive steep growth in non-hydro renewables in Asia, ...

Wednesday, 06 January 21
Indonesian coal production reached 557.54 Million Tons in 2020 1.37% higher than of last year’s total target of 550.00 Million Tons, accordin ...

Wednesday, 06 January 21
Several major Chinese cities have reportedly gone dark as authorities limit power usage, citing a shortage of coal.   Analysts said pr ...

Tuesday, 05 January 21
China Taiyuan coal transaction price index stood at 136 points Monday, up 0.91 percent week on week.   The index, released by China Ta ...

Tuesday, 05 January 21
THE INDONESIA COAL PRICE REFERENCE SOARS TO HIGHEST ONE-MONTH INCREASE SINCE DECEMBER 2016 The Indonesia coal price reference for January 2021 settles above $75 for the first time since July 2019 and to highest one-month inc ...

   2 3 4 5 6   
Showing 16 to 20 news of total 6209
News by Category
Popular News
Total Members : 27,258
User ID
Remember Me
By logging on you accept our TERMS OF USE.
Forgot Password
Our Members Are From ...

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