Incoterms® 2010 rules came into force on 1st January 2011.

The delivery terms DAF, DES, DEQ and DDU will be replaced by new delivery terms DAP and DAT.

If you require assistance in how this will affect your business please contact ICAL on 03 9335 2566.

The Victorian Government announced that it will proceed with a A$1.2B redevelopment of Melbourne’s container facilities.

The Australian Government has a number of assistance schemes operating for industry operating in overseas markets.  The Duty Drawback scheme allows exporters to claim back the duty paid on the imported components of goods when these components form part of an export product. The system is designed to reduce costs for exporters and a drawback claim can be lodged within a 4 year period from the date the goods were exported, if you have exported the time frame may still allow you to claim duty back from the Federal Government.