css templates

TRADING

Buying and selling of new and used containers

FAQ: TRADING

Buying and selling of marine containers mostly older containers

All the shipping line or NVOCC file a customs bond (currently equivalent to Rs.20, 000 per TEU) for some total volume (say 500Teus at one port). If they import 400Teu at a time, then the balance they can import will be only 100Teus unless they re-export the earlier lot of 400Teus. Hence re-export details are provided to the customs to cancel the bond so they can bring in more imports. (re-export details are Vessel name voyage PC number and date)

The customs law allows domestication after payment of appropriate duty. But the operational part of doing it in most ports is very cumbersome and bureaucratic with no clear guidelines of how this can be done.

© Copyright 2018 VS&B Containers Group - All Rights Reserved | Desgined by Brown Button Pvt Ltd