RB Dry Bulk Terminal Grinds to a Virtual Halt

India FREIGHT & TRADING WEEKLY >bedgiVcY:medgi 8dchda^YVi^dchWnHZVVcY6^g TRANSPORT IS OUR BUSINESS Jnb: Tel: (011) 929 4900 Fax: (011) 397 4221 Cpt: Tel: (021) 380 5860 Fax: (021) 386 2498 e-Mail: [email protected] e-Mail: [email protected] Plz: Tel: (041) 581 0696 Fax: (041) 581 0715 Dur: Tel: (031) 303 5220 Fax: (031) 303 5228 e-Mail: [email protected] e-Mail: [email protected] www.hartrodt.com FTW3605 FRIDAY 21 November 2008 NO. 1841 The Freight Community’s Weekly Newspaper for Import / Export decision makers – on subscription RB dry bulk terminal grinds to a virtual halt BY Alan Peat For the past three to four demurrage costs between reputations as consistent weeks, according to Mike van US$30 000 and US$40 000 per suppliers in the world’s markets. The dry bulk terminal (DBT) Rooyen, RB vice-chairman of vessel per day, and adds up to The problem, according to for exports at Richards Bay has the SA Association of Ships’ “a huge amount of money”, he Van Rooyen, is a combination ground to a near stop, with Operators and Agents (Saasoa), added. Also for the shippers, of ageing and inadequate anything between six and eight there have been berthing delays there’s a problem of the cost equipment, continuous vessels anchored off-shore every for the export vessels calling at of large tonnages of dry bulk changes of senior engineers, and day waiting for berthing and the port of between 10 and goods stockpiling at the port, not enough proactive planning by Mike van Rooyen … ‘Management costing the shippers and the 17 days. a serious delay to their traffic terminal management. seems utterly unable to sort it out.’ freight industry millions of rand. For the exporters, the flow scheduling, and damaged To page 20 Focus on services “Services and trade in in Sandton last week cast the services are becoming spotlight on the opportunities increasingly important in for SA companies. developing and developed It was the first time the countries. The fifth Service meeting had been held Exporter Network – annual outside of Europe. Meeting and Conference See full report on page 18. Dr Rob Davies, deputy minister of trade and industry (left) and Dr Friedrich von Kirchbach, International Trade Centre director, last week called for greater involvement by South African companies in service sector development. FTW1256SD 2 | FRIDAY November 21 2008 FREIGHT & TRADING WEEKLY DUTY CALLS A WEEKly summary of the main changes to the South excise legislation. Compiled by Riaan de Lange of Tariff & African tariff dispensation and amendments to customs and Trade Intelligence. E.mail: [email protected] Editor Joy Orlek Consulting Editor Alan Peat Advertising Carmel Levinrad (Manager) Yolande Langenhoven There are no new tariff for the goods for export to the in different countries can be consider the methods of valuation Claire Storey applications and tariff country of exportation. determined on the basis of the in isolation, but consider their Jodi Haigh Managing Editor David Marsh amendments this week other than The value for customs transfer price, provided that the impact on each other. Having those that appeared in last week’s purposes should equate to price is not influenced by the said this, it is not always Correspondents Durban Terry Hutson column. the total payment, excluding relationship between them. In advisable for companies to Tel: (031) 466 1683 In light of the fact that the international freight, insurance other words, the transfer price structure their business activities Cape Town Ray Smuts Tel: (021) 434 1636 World Customs Organisation and other non-dutiable costs that can be accepted, provided it is or methodologies around the Port Elizabeth Ed Richardson (WCO) will be hosting a the buyer makes to the seller. It is constructed as would be the price valuation methods. It is of more Tel: (041) 582 3750 Swaziland James Hall workshop on Customs Valuation important to recognise that, when between parties that are unrelated, critical importance to ensure [email protected] and Transfer Pricing in Brussels the customs value is determined that is, the basis is somewhat compliance with the valuation Advertising from November 24-25, I thought by the transaction value method, similar prices. It is also the case methods. Co-ordinators Tracie Barnett, Paula Snell it worthwhile to remind you consideration should be given in that in respect of royalties and Registration: Wool Layout & design Dirk Voorneveld Circulation [email protected] of arguably one of the most respect of the “addition elements”, licence fees and other payments Importers & Exporters Printed by JUKA Printing (Pty) Ltd important topics in international that is, costs that need to be for intangible property, situations The Department of Agriculture Annual subscriptions trade today. It is, of course, included in the transaction value, may arise in which payments has published notices in respect of RSA – R425.00 (full price) Customs Valuation and Transfer and the “deductible elements”, deductible for corporate tax the (i) Continuation of statutory R340.00 (annual debit order) Foreign on application. Pricing, and specifically what I that is costs that need to be purposes can, nevertheless, measure – Registration of believe is critical – its possible excluded from the transaction be included for customs value producers and persons dealing Publisher: NOW MEDIA Phone + 27 11 327 4062 harmonisation and coherence. value. purposes. with wool in the course of trade, Fax + 27 11 327 4094 On my return I will share Transfer pricing in transactions It is important for companies and (ii) Continuation of statutory E-mail [email protected] Web www.cargoinfo.co.za some insights into the thinking in between members of multinational to consider the implications of measure – Records and returns respect of these two issues. companies (MNCs) has long been pricing methodologies based on by brokers, traders or wool Now Media Centre 32 Fricker Road, Illovo Boulevard, a matter of great relevance to the the “actual price paid or payable” buyers, processors, importers and Illovo, Johannesburg. Customs Valuation and taxation of corporate profits and in the instance of customs exporters of wool. PO Box 55251, Northlands, 2116, South Africa. Transfer Pricing – Its has been the subject of a number valuation and the “arm’s length Harmonisation and of studies and reports, but its price” in the instance of transfer significance in relation to the pricing. It is evident that the Coherence Note: This is a non- The preferred method of valuing valuation of goods for customs methods of valuation can differ comprehensive statement goods for customs purposes in purposes is perhaps less obvious. and, in certain instances, be in of the law. No liability can South Africa is the “transaction However, the customs value contradiction to each other. be accepted for errors value”, taking as its starting point of goods consigned between What is of critical importance and omissions. the “actual price paid or payable” members of MNCs located is that a company must not FTW0808SD FRIDAY November 21 2008 | 3 Stats SA looks at European model to gauge road volumes Traditionally ‘cagey’ industry needs to co-operate BY Alan Peat that the LSS is not too good whether that data would be for data collection.” good enough to be used as There is still a data search An alternative, he told FTW, official statistics,” Parker said. going on at Stats SA to try might be the survey format “The CSIR study gives to find the best method of that is used in Europe, and estimates of totals, but with no calculating road freight Stats SA is currently looking estimate of variables – so the volumes, according to Stats at how to apply this to the precision or reliability of the SA’s Vincent Parker. local road freight industry. data has not been assessed.” The dearth of road freight Instead of a broad-based But, with a bit of statistics, he added, might be annual survey, the Europeans appropriate arithmetic overcome by the 2010 large gather data on an individual manipulation of the CSIR data, sample survey (LSS) of the truck basis – looking at each Stats SA thinks that might be transport industry, but only single vehicle movement and achieved. if the traditionally cagey cargo data collected over a In the meantime Stats SA haulage industry co-operates one-week period. has re-instated the ongoing more fully and discloses “That,” said Parker, “is monthly survey of land full operational details – more like what we need.” freight transport which was something which most of them Currently, estimates of discontinued in 2003 and failed to do in the last LSS in freight volumes are provided results will be published from 2006. by the annual state of logistics 2009. And, in 2010, the LSS In the meantime, the survey for SA conducted by of the transport industry will question being examined by the Council for Scientific and be repeated. Stats SA is whether the LSS Industrial Research (CSIR), “Stats SA will be making is actually the right vehicle to and these estimates are based efforts to engage more collect freight data. on counts of trucks on major effectively with companies “Apart from the poor arteries. that provided incomplete response to the 2006 survey,” “At present, we are looking Current volume estimates are based on counts of trucks on major arteries. or inconsistent data to the said Parker, “we’re finding at the CSIR process to assess Photo: Mark Jackson-Moss. previous survey,” said Parker. Concordia International celebrates it’s 30th anniversary and 24 years of dedicated service to South Africa. FTW4061 4 | FRIDAY November 21 2008 Employers shy away from permanent staffing Temporary and contract work on the increase BY Liesl Venter in the US recently, hosted by the attended the conference, South The financial crisis in the US International Confederation of Africa is also seeing an increase and its knock-on effect on the The world has experienced Private Employment Agencies in project work and consulting.

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