Maersk prepares for Brexit

Maersk is preparing for various Brexit outcomes, both from processes and IT systems perspective. These scenarios include a “No-Deal” option, any potential further exit deadline extension, as well as special “Norway-style agreement” with the EU (where Norway is subject to some EU rules and regulations, without legally being part of the bloc).

Such departure from the EU will mean that the UK will no longer be subject to trade agreements between the EU and foreign countries and that trade between the UK and those countries will be subject to general rules of the World Trade Organization, in case there are no other bilateral trade agreements in place. This will have impact on duties or tariffs, customs and many other procedures related with moving goods between the UK and other markets and will therefore also impact the transport and logistics sector.

Whether a customer is located in the United Kingdom or elsewhere, if their business relies on transportation of goods to or from the UK, after the Brexit date there will likely be some impacts. For example, trade between the United Kingdom and countries of the European Union will no longer be treated as taking place within the same economic or customs area and will instead follow the same rules and regulations that apply for trade between the UK and any other third nation. Effectively, this will imply customs clearance and related documentation, application of duties and tariffs or more complex formalities compared to the trade between the countries within the EU. Furthermore, trade between the United Kingdom and third countries with which the EU has special trade agreements will no longer be subject to those agreements after Brexit. This will might imply less favorable terms for trading with these countries: higher duties, different or more complex procedures, etc.

One particularly important case to consider are situations when goods have been expedited before the Brexit date, but are scheduled to arrive at their destination after the UK has already left the EU. In such cases, they will be subject to new “post-Brexit” conditions upon arrival, which might differ significantly from the “pre-Brexit” terms and conditions.

Maersk states that they are dedicated to moving cargo efficiently to and from the UK and giving their customers the peace of mind at all times regardless of Brexit. Maersk is one of the companies which connects Britain with the world through direct services and transhipment options in major ports around the world, while Sealand – A Maersk Company offers a wide range of short-sea connections within Europe and Mediterranean. The company would be happy to offer comprehensive supply chain management solutions, along with other expertise – such as Customs House Brokerage, helping customers plan cargo deliveries efficiently despite administrative complexities.

For more information: 
Maersk
Tel: +45 3363 3534
www.maersk.com


Publication date:



Receive the daily newsletter in your email for free | Click here


Other news in this sector:


© FreshPlaza.com 2019

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber