Micol Astorri 
What is UCP 600 and why is it important in international trade? Uniform Customs and Practice for Documentary Credits (UCP 600) is a set of rules developed by the International Chamber of Commerce (ICC) that governs the use of documentary credits in international trade. Documentary credits are financial instruments used to facilitate payment between importers … Read more
The 71st Session of the Harmonized System Committee recently concluded with great success. The committee met virtually to discuss important matters related to the Harmonized System (HS), which is used to classify goods traded internationally. The HS is a globally accepted standard used by customs authorities to determine the appropriate customs duty and other charges … Read more
The Single Administrative Document (SAD) is a customs declaration form used in the European Union (EU) and several other countries for the clearance of goods. It is a standardized form that streamlines the customs declaration process and makes it easier for businesses to comply with customs regulations. What is the Single Administrative Document? The SAD … Read more
APM Terminals, an international container terminal operating company, has announced plans to double the container handling capacity at its Rotterdam terminal in the Netherlands. This expansion is in response to the growing demand for containerized cargo in the region and aims to improve the terminal’s operational efficiency. Located on the Maasvlakte 2 peninsula, the Rotterdam … Read more
Maersk, one of the world’s largest shipping companies, has completed its divestment of energy activities with the sale of Maersk Supply Service. The move is part of Maersk’s strategic shift away from energy and towards its core shipping and logistics business. Understanding Maersk’s Strategic Shift Away from Energy Maersk’s decision to divest from energy activities … Read more
In recent news, Eurozone inflation has fallen sharply to 6.9% in March 2023, marking a significant decrease from the previous month’s figure of 8.1%. This decline has surprised many market analysts and economists, who had expected inflation to continue its upward trend. Understanding the Implications of the Latest Eurozone Inflation Data The fall in inflation … Read more
The Impact of Global Traders on Wheat Prices The wheat industry is a vital part of global food production, providing a staple crop for millions of people around the world. Wheat prices are influenced by a range of factors, including supply and demand, weather conditions, and geopolitical events. In recent weeks, the news of international … Read more
The Importance of Transportation Costs in the Grain Industry In the world of agriculture and food production, transportation is a key factor in getting products from the farm to the market. The cost of transportation is a major concern for producers and distributors, as it can greatly impact profitability. In recent months, the cost of … Read more
Introduction Grain prices are subject to a range of weather factors, including drought, heatwaves, and frost, which can significantly impact crop yields and supply levels. However, recent weather forecasts suggest that grain-growing regions may experience favorable rainfall in the coming months. This could help to mitigate the impact of weather on prices and support more … Read more
The study of macroeconomics helps to understand the complex and interconnected relationships of the economy. It examines the behaviour and interaction of the entire nation’s economy, such as what causes economic growth and why recessions occur. It is a branch of economics which studies how an overall economy works. To illustrate, macroeconomics investigates topics like … Read more