07 Jan Rising container prices
Rising container prices
Information regarding the rising container prices
In the past year (2021), container prices have increased globally on an unprecedented scale. This inevitably raises the question of what the consequences of these price increases will be for import declarations, as this has not happened at any time before. Do these price increases give cause to correct the customs value in an import declaration or to make additional payments of import duties?
As importers often have negotiated periodic transport-contract prices with their freight forwarders, the actual transport prices might be higher than the negotiated ones. This causes a potential conflict between these contracts (contract law) and customs legislation. In case of questions related to this current topic please contact SGS Maco.