As active members of both local and international industry organizations, we are always up-to-date with the latest initiatives that ensure a smooth collaboration. If you have any questions, you are of course always welcome to contact us.

Trading Conditions

All services rendered are subject to the General Conditions of the Nordic Association of Freight Forwarders (NSAB 2015). As contracting party cf. § 3 B the conditions limits the freight forwarder’s liability for loss of, deterioration of, or damage to goods to SDR 8.33 per kilo and for delay to the amount of the freight, and for all other loss to SDR 100,000 in respect of each assignment (§ 21).

As intermediary cf. § 3 C the freight forwarder’s liability is limited to SDR 50,000 in respect of each assignment and totally in the event of any one occurrence to SDR 500,000 (§ 24). For storage, the total liability is limited to SDR 500,000 for damage occurring in the same occasion (§ 25). Special attention is directed to the network clause (§ 2); claims against the freight forwarder are statute-barred after one year (§ 28); and the lien on goods (§ 14) applies to both current and previous claims.
Please find conditions and Incoterms here in PDF format

EU Emissions Trading System (ETS)

From 1 January 2024, the EU ETS comes into force.

First, a brief explanation of what the EU ETS is; The EU's system for trading emissions rights, EU ETS, is a control tool for cost-effectively reducing emissions of greenhouse gases. The system is based on common EU rules and covers all member states as well as Norway, Iceland and Liechtenstein.

The EU ETS also has cooperation agreements with the national trading systems in Switzerland and Great Britain. The EU ETS operates using a cap-and-trade principle. A limit (restriction) is set for the total amount of greenhouse gas emissions that can be emitted by factories, power plants, ships and other entities included. Over time, this limit is reduced, resulting in a gradual reduction in total emissions. Within the limit, the different units buy permits that they can trade with each other. At the end of each year, all units must submit permits corresponding to their emissions. In this, each condition counts as one ton of CO2. Since both the greenhouse gas emissions permitted within the limit and the greenhouse gas emissions coming from the units are not fixed numbers, the price per permit is not fixed but varies according to market demand and the supply of emission permits. In the European Commission's ETS proposal, shipping is included in the EU's emissions trading system.

This means that shipping companies will have to monitor and report their emissions and submit a permit for every ton of CO2e they emit. This is part of the EU's Fit for 55 packages, which aims to reduce greenhouse gas emissions by at least 55% by 2030.

For those utilizing sea freight, this translates into:

1. Higher costs, as shipping companies will need to acquire emission rights.
2. A shift towards greener fuels, such as biofuel, and the updating or replacing of engines and ships.

Transport buyers should consider:

1. Assessing whether and how your company is impacted by these emission rights, and if affected, ensuring you have a strategy to manage and reduce your CO2 emissions.
2. If not, specify the extent to which you intend to adopt transportation options that have a reduced carbon footprint.
3. Decide whether you aim to offset your carbon emissions now or explore what possibilities exist for you to do so.

We are happy to help but find alternatives that suit your business.

Through experience, insight and technology, we become a part of your vision!