In years gone by, conversations on global supply chains used to mostly come up among companies specializing in international logistics. These days they’re a hot topic among everyone from retailers to politicians, economists, and last but not least, consumers wondering when their latest purchase might arrive at their doorstep.
And with ongoing factory disruptions in key export markets to labor strikes, constrained capacity, and year-end holiday shipping pressures, it's clear that global logistics companies are still having to navigate a number of supply chain challenges.
With over 5.3 million development hours invested in building our CargoWise platform, we are at the technological forefront in managing international and cross-border logistics, changes in trade patterns and evolving logistics regulations.
Our technology is purpose built to help you optimize export and import processes and get increased control over international compliance. Here’s a few of the latest Global Trade Management and Compliance features added to CargoWise.
New in-bond movements menu item - UNITED STATES
In the US, the in-bond process allows imported merchandise to be entered at one US port of entry (without appraisement or payment of duties), and transported by a bonded carrier to another US port of entry or authorized destination, provided all statutory and regulatory conditions are met.
CargoWise now features an in-bond movements menu option, which displays a row for every in-bond movement with an in-bond job. If an in-bond job contains multiple in-bond movements, or in-bond numbers, there is a row for each with the details for that movement, including current customs statuses.
Additionally, when creating an in-bond from a forwarding shipment in CargoWise, the importing carrier port of arrival will now synchronize from the discharge port, the same as it does from a standalone declaration. In the case of multiple routing legs, the importing carrier port of arrival will be synchronized from the routing leg with the last discharge port (in the US).
Transnet National Ports Authority (TNPA) cargo dues form automations – SOUTH AFRICA
When containerized goods move through ports in South Africa, TNPA may issue multiple account numbers to the same organization for different ports and transport directions. This helps indicate to TNPA which account is to be used to apply correct costs for shipments tendered.
We’ve recently enhanced CargoWise to store TNPA account numbers in the core freight registry by branch and port, with separate account numbers also able to be stored for directions – such as Import, Export and Coastwise. What’s more, once the account numbers are saved to the registry, it will always default to the cargo dues form based on the login branch, port and direction.
New Duty Deferral Plus processing – AUSTRALIA
Following the introduction of Duty Deferral Plus by Australian Border Force (ABF), Trusted Traders who defer GST can now also defer other duties and taxes to a monthly consolidated payment. This is to be paid on the 21st day of the month, following the month in which the goods are imported.
In alignment with this new benefit, CargoWise can now accommodate the deferral of these other duties and taxes. For example, when an importer is registered for Duty Deferral under the Trusted Trader scheme, a range of charges are now included in the system, such as customs duty (excluding excise and excise equivalent goods), quarantine processing, and declaration processing, along with various taxes such as the wine equalization tax and luxury car tax.
Additionally, where previously there was always a payable charge (for example, both the quarantine and declaration processing fees), the ABF has made it possible to defer everything and not receive a PAYREC message. While CargoWise used to rely on this message to confirm that a refund may apply before sending any bank details to Customs, this has been updated and is no longer required for entries that have been identified as having the duty deferred.
Automated reminders to migrate to CDS from CHIEF – UNITED KINGDOM
UK traders are preparing for a major change in the way they make customs declarations, with the upcoming closure of CHIEF on 31 March 2023.
HM Revenue & Customs is managing the system replacement in two phases – as of 30 September, you can no longer make import declarations using CHIEF, and as of 31 March 2023, you will no longer be able to make export declarations using CHIEF and the National Export System.
For CargoWise customers, the switch to CDS will be relatively easy, and as these dates approach, the system will discourage people from using CHIEF by showing a prompt encouraging them to migrate to CDS as soon as possible.
Auto rate duty and GST amounts for importer direct accounts – CANADA
CargoWise can now auto rate and include duty and GST amounts on the importer invoice for Importer Direct accounts. Previously, this capability was only available for GST Direct importers.
Getting started is easy. Simply place a tick in the new auto rate duty and GST boxes – listed after the relevant Importer Direct tick boxes – to make these amounts billable to the importer.
Want to centralize your global trade operations and strengthen your supply chain? Take a look at our Global Trade Management and Compliance functionality in CargoWise. Learn more
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