Form – E is Export Form which is issued by the Bank at the time of export to client. It depicts that this export is being processed against the foreign exchange either it has arrived in the exporting country or is contracted to arrive after shipment maturity. Form -E is issued to the shipper from his dealing bank and Bank also provide him the supportings of Form-E as below:

1. NOC
2. C&F Certificate
3. B/L Issuing Authority Letter. 

NOC:

No Objection Certificate (NOC) is issued when the shipment is being export against 100% payment in advance and bank issue this NOC to shipper to consign the shipment directly to consignee. 

C&F Certificate:

This certificate is issued when the shipment is processed on the basis of C&F incoterm. 

B/L Issuing Authority Letter:

This certificate is issued when the shipment has to move By Sea. In case of By Air export shipment; this certificate is not issued. 

Since the previous blog post, the HKSAR government (aka, the CCP-HKSAR government) has proposed a new “policy” which is a glorified rationed system: Hong Kong mothers can join “Mother’s Clubs” in Hong Kong which are profit making organisations set up by baby milk powder manufacturers to secure guaranteed supply of three tins every two weeks.

I am most against this “policy”. What this “policy” suggests is that Hong Kong people have to allow Chinese to raid every shop in Hong Kong for formula powder. Many countries who face threats from the Chinese are imposing quota for individuals who purchase formula powder from shops.

Below is a world map of the footprint of Chinese raids for formula powder:

A few things we need to know before we can understand Chinese’s global raid:

First of all, there is an import tax on formula powder in China, ranging from 15% to 20%. In Hong Kong, there is no import tax imposed on baby milk powder.Those who buy in bulk in Hong Kong smuggled those formula powder across the border to China, a clear tax evasion situation. Market rumours (I think no one will doubt it’s in fact the truth) say that China’s customs received bribe from those smuggler groups (RMB10 per each person each time they cross the border with smuggled goods) so that they will not arrest nor prosecute smugglers.

Given that Hong Kong dollar is pegged to the US dollar, Hong Kong dollar is weaker than China’s RMB. Given the general public’s concern over locally produced or imported milk powder through distributors (Chinese think that any imported products that are packaged in China are unsafe), there is a huge demand for formula powder for infants in China.

This sets the background – Chinese have to go overseas (including Hong Kong) to buy safe milk powder to supply the 1.3 billion population’s demand.

How is a country as small as Hong Kong have sufficient supply for a country (China) which is millions times bigger than herself? Why is it Hong Kong’s responsibility to support China’s demand for a type of product that cannot be replaced?

Some argued that if Americans or Germans or people from any other countries would come to raid Hong Kong’s electronic appliances, Hong Kongers would not against it because they are free trade and helps the economy. This is a completely insane metaphor:

• Baby formula powder = necessity; Electronic appliances = luxury products (involving the elasticity of demand)
• Hong Kong’s size and supply of milk powder VS China’s size and demand for milk powder
• Chinese who come to Hong Kong (or any part of the world) do not just purchase a small amount, they buy in absolute bulk
• Being inconsiderate and selfish, Chinese do not care about if the local babies will suffer. All they care about is: having abundant supply for their own babies and making money from this trade 

  The attitude of Chinese provokes Hong Kongers further, making one can’t help but think: You’re taking advantage of Hong Kong, distorting Hong Kong’s economy and destroying people’s livelihood, yet still claim to be doing good for the Hong Kongers?

  A Facebook page posted the below recently about a message posted by a Chinese on Weibo (a China version of Twitter as Twitter isn’t allowed in China because of the censorship) – I’m keeping the Simplified Chinese characters here even though I (and many Hong Kongers) despise this broken language created by the Communists, I will try to write something about this in the near future.

  Please note that this is not an isolated case, many people are bragging about their victory in raiding Hong Kong’s formula powder and mocking Hong Kongers as slaves and secondary citizens. Some even said “when the time comes, I will invade Hong Kong armed and kill every traitor and British-running-dog (i.e. Hong Kongers) I spot, so to make sure Hong Kong is part of China for good”:

  From Hong Kong & China NOT the SAME 中港大不同

  Once again, Mainland Chinese is showing off the milk powder and says this is a GREAT success of the socialism has “defeated” capitalism. They are happy because Hong Kong Mothers couldn’t get the milk powder for Hong Kong babies and they are delighted for Hong Kong government is being controlled by the CCP, so that they can take as much as they want.
  THIS IS AN INVASION. Stop telling us to be kind and ‘you have to help to poor’ – We have 1 million “poor” HongKongese and those PRChinese who come to take everything, even stay here, they are NOT that poor. Yet they are trying their best to ruin the city.
  WE ARE HONGKONGESE, NOT CHINESE.「我们雄壮的社会主义大军硬是把资本主义的香港活活的从商品经济逼退回计划经济，国人威武啊！给力奶粉今天到货啦！何其壮观啊！看着房间的奶粉墙相当满足！」
  不知我這些已為人母的朋友，有何感想？忘恩負義，恩將仇報。請廣傳，是時候捉賊！這根本就是侵略，別再叫我們包容什麼了，香港人不要再大中國主義，要保衞香港
  =====
  【原文】
  习习在深圳：香港几乎所有的婴幼儿奶粉都被大陆水客抢购一空，有小孩的家庭也买不到奶粉，自由行签注又不归香港政府管，于是只好出台“新办法”——凭票供 应。有婴幼儿的家庭凭出生证可以保证每月买到两罐奶粉。就这样，我们雄壮的社会主义大军硬是把资本主义的香港活活的从商品经济逼退回计划经济，国人威武 啊！
  给力奶粉今天到货啦！何其壮观啊！看着房间的奶粉墙相当满足！Leo哥也高兴地呼叫“奶奶，奶奶”！多谢@滚在英国 的辛勤劳动，我拆包装都拆到腰痛，真不知亲你包了多久啊！全5分！继续为我们的口粮奋斗！

   

  

  Wan Chin, a scholar in Hong Kong, who’s the thought leader of city-state autonomy for Hong Kong commented on the issue about CCP-HKSAR government’s new policy.

  Ration, is an extremely measure that responsible government would implement during war time in order to ensure that its people have sufficient daily supply, including food.

  Imposing this system in Hong Kong but not controlling the invasion from China is rather putting the cart before the horse!

  Source: http://freehongkong.wordpress.com

1. Cargo information received before vessel arrives
2. Communication with terminal operators through EDI messaging
3. Web-Based GD filing, online interaction and on line payment of  duty and taxes

    

4. Risk Management System (maximum processing in Green and Yellow (only online assessment – no examination/inspection) channel
5. All routine custom processes performed online by customs without involvement of trader or agent:
6. Assessment
7. Examination/ inspection conducted round the clock (attaching of photograph)
8. Loading and gate out events computerized
9. Automation of manifest clearance

Documents, Procedure and Form to get Weboc Id
 

weboc id form

following documents require weboc registration:-

NTN CATEGORY: BUSINESS INDIVIDUAL:

1: NTN , S/TEX, VISITING CARD, CNIN, UTILITY BILLS(GAS &TELEPHONE), RENT AGREEMENT IF APPLICABLE , CHAMBER OF COMMERCE CERTIFICATE , 3 LETTER HEAD SIGN AND STAMP AS PER CNIC
 

2.NTN CATEGORY : AOP / REGISTERED FIRM:-

NTN , S/TEX, VISITING CARD,CNIC OF ALL PARTNERS, UTILITY BILLS(GAS &TELEPHONE), RENT AGREEMENT IF APPLICABLE , CHAMBER OF COMMERCE CERTIFICATE ,PARTNERSHIP DEED, 3 LETTER HEAD SIGN AND STAMP AS PER CNIC
 

3. NTN CATEGORY :COMPANY

NTN , S/TEX, VISITING CARD,CNIC OF ALL DIRECTORS UTILITY BILLS(GAS &TELEPHONE), RENT AGREEMENT IF APPLICABLE , CHAMBER OF COMMERCE CERTIFICATE ,FORM 29" , CERTIFICATE OF INCORPORATION,DEED, 3 LETTER HEAD SIGN AND STAMP AS PER CNIC

NOTE: WEBOC USER ID & PASSWORD SEND ON THIS EMAIL WHICH FEED ON NTN

SSGC board to decide fate of LNG import project tomorrow

Staff Report

ISLAMABAD: The board of directors’ meeting of Sui Southern Gas Company (SSGC) is scheduled for Monday to decide the fate of the multi-billion dollars liquefied natural gas (LNG) import project.

The sources said after taking decision from board of directors, a summary would be tabled before the Economic Coordination Committee of the Cabinet (ECC) for final decision on 400 million standard cubic feet per day (MMSCFD) LNG import project. The ECC could not take up the matter on Friday last.

A law firm Vellani & Vellani Advocates, legal consultants in its legal opinion to be tabled before board of directors’ meeting scheduled for Monday said that SSGC had informed clearly to all three bidders about the formula specified in the Gas Sales Agreement (GSA), which was the fixed formula and stated that the bidders must submit only the base price.

According to documents available, GEI had offered a single price of $18.16 per million British thermal unit (MMBTU) for 400 MMSCFD LNG import and Pakistan Gas Port $17.7074 per MMBTU. However, ETPL offered two formulas to calculate LNG price by linking it with Brent and Henry Hub index. 

The legal opinion sought by SSGC revealed that two bidders had submitted a single price in terms of dollars per MMBTU. However, ETPL submitted a formula to determine the base price and the price proposed by ETPL is not in conformity with the requirements of RFO. “Therefore, ETPL bid could be rejected as not conforming to the RFP,” legal firm said.

It also said that in order to make proper comparison of the price proposals received from all three bidders, it was necessary to evaluate them on the same base that is on the basis of the base price. However, ETPL has not provided a base price and therefore this comparison is not possible and accordingly the price proposal submitted by ETPL would have to be rejected.

The legal firm said that further, since the base price proposed by ETPL is based on a formula, this means that the base price will vary accordingly to time at which the base price is determined and also according to the assumptions made with regard to the variables included in formula. This effectively means that SSGC will not be in a position to work out with any degree of accuracy which base price is being offered by ETPL in its price proposal. As such, the price proposal of ETPL is not at all clear as to what it is offering.

The legal firm said that seeking clarification from ETPL would in effect be unfair the other two bidders who have submitted bids according to RFP. Also one can not allow ETPL to refine its base price on the basis of any information that may now be available to it after opening of the price proposals of all bidders. In this regard, I understand that ETPL has indicated one of the examples given in its price proposal as being its bid. The price determined in this example as the lowest of all bids. However, it would appear that ETPL has opted for this example after having knowledge of the price offered by the other two bidders.

Additionally the ETPL price proposal contemplates that the price formula will be negotiated when GSA is negotiated with the selected bidder. This clearly is not what SSGCL has completed in the RFP. RFP does not contemplate negotiation of the price offered.

Source: www.dailytimes.com.pk

According to statistics released by the Pakistan Federal Bureau of Statistics (PFBS), Pakistan’s imports of iron and steel scraps totaled 101,203 tons in last December, down slightly by 0.5% from a month ago and decreasing by 45.1% year on year.

In last December, the country’s import revenues generated by iron and steel scraps totaled US$46.6 million, increasing by 8.3% from the previous month but falling by 26.4% year on year.

In the second half of 2012, Pakistan’s scrap imports amounted to 851,983 tons, rising by 2% year on year.

In the given period of time, the country’s import values of scraps totaled US$337 million, increasing by 18.3% in comparison of those in the same period of a year ago.

Source: http://en.steelhome.cn

VENTURES AFRICA – A recent DHL Express study conducted by IHS, the leading global source of information and analytics, has revealed international trade and cooperation has key drivers of small business success.

The macro-economic analysis and survey of 410 SME directors in G7 and BRICM economies reveals that SMEs engaged in international markets are twice as likely to be successful as those that only operate domestically.

Of the SMEs surveyed, 26 percent of the companies that were trading internationally significantly outperformed their market, in contrast to only 13 percent of those with operations only in their home country. SMEs cited the key benefits of this international approach as the access to new markets that it provides them with, as well as access to know-how and technology, and diversification of their products or services.

The results ring true for SMEs within Africa, which are increasingly being recognized as drivers of economic growth in these countries. While no data is available around the number of SMEs operating on the continent, they make up over 90 percent of formalized business within countries like Ghana and South Africa, and are an important area of development within the continent.

“The results of this study are reflected in the outlook for SME’s in Africa,” comments Charles Brewer, Managing Director for DHL Express Sub-Saharan Africa. “The possibilities opened up by new technologies, the Internet, and modern transportation means that there are many foreign trade opportunities out there for African businesses.  With thorough research and a well-defined strategy, local SMEs can successfully expand into new markets, compete with larger companies, and use their size and nimbleness to their own advantage,” concludes Brewer.

The research also reveals an increasing pace of globalization and a sharper international focus among smaller businesses, with SMEs that were founded in the last five years more likely to have international business operations than older SMEs, despite having had less time to grow their businesses. Significantly, the majority of SMEs who had out-performed their markets over the last three years indicated that they also planned to increase the percentage of exports in their turnover over the next three years, despite the uncertain economic environment.

The report does however highlight that inadequate business infrastructure is constraining competitiveness by reducing business efficiency, and that SMEs are having to work harder to overcome infrastructure inefficiencies, particularly compared to larger companies with greater resource. SMEs biggest concerns relating to international trade are a lack of available information on foreign markets, high customs duties and the difficulty of establishing contacts with foreign partners and an overseas customer base. Most of the better-performing SMEs identified in the study employ over 50 people, underscoring the importance of resource in overcoming barriers to international growth.

“There are clearly still some hurdles that remain for small businesses with global aspirations, but we are delighted to see that more and more SMEs are looking at the fantastic opportunity that international trade represents,” said Ken Allen, CEO, DHL Express.  “Our mission as a global logistics company is to make this process more efficient, and we will continue to tailor our services and solutions to help SMEs grow and compete in the global village.”

Source: http://www.ventures-africa.com

Following are the trade statistics of Pakistan with United States of America in 2012
 

2012 : U.S. trade in goods with Pakistan

NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not equal totals due to rounding.

If you compare the trade of USA with PAKISTAN with previous years than it can be understood that things are going in a right direction and it's a better chance for businessmen from both countries to work with each other. Sealand Logistics Solutions is also thinking in this direction and want to materialize Ocean, Air Shipping Projects to / from Pakistan and USA.

Chicago is the main area of import of HSMP1, HSMP2 grades Iron Scrap and Paper Scrap and we are going to target this location for our incoming imports. For Export Newark, NJ and New York have big potential market for our textile, garment, textile cotton piece goods and Yarn.

For any inquriy related to Ocean Freight / Air Freight to / from Pakistan to / from USA Please contact us at below mentioned emails:

inquiry@sealandlogistic.com or

salman.hamid@sealandlogistic.com

With the help of Sealand Info Solutions, all importers, exporters search shipping line serve their specific trade lane,

• Online Shipping Schedules
• Online Shipping News
• Contact Shipping Lines Online
• Database of more than 100 shipping lines of the world
• Database of major Sea Ports of the world
• Inco terms 
• Dangerous Cargo Details
• Container Tracking Modules
• Glossary of Shipping terms
• unit convertor 

Below is the website address of Sealand Info

For any other inquiry, please write us at inquiry@sealandlogistic.com