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Traders may use the flat rates provided by Singapore Customs for freight and insurance to compute the customs value of imports: Where the actual freight and insurance charges are not known or not available to the importer. The flat rates for freight and insurance are:
- Flat Rate for Insurance
Flat Rate for Insurance. Traders may use the flat rate of 1%...
- List of Dutiable Goods
Flat Rate for Insurance. Exchange Rates. Transfer Pricing...
- Exchange Rates
However, if Company B is to pay US$10,000 to Company A, then...
- Flat Rate for Insurance
Program Status: Operational AEO Programme. Program Title: Secure Trade Partnership (STP) Scope: Import/Export. Types of Operator: Singapore’s STP is open to all entities within the supply chain. This includes importers, exporters, manufacturers, warehouses, customs brokers, freight forwarders and carriers.
Singapore Customs is the first customs administration in South-East Asia to enter into mutual recognition of AEO programmes with other customs administrations. To date, Singapore has signed MRAs with 10 customs
In 2023, Mainland China, the US and Malaysia were Singapore’s top trading partners. Singapore’s exports to Mainland China exceeded Singapore’s imports from Mainland China, while Singapore’s imports from Malaysia and US exceeded exports to these trading partners.
For STP-Plus companies exporting to Hong Kong SAR (HK) and New Zealand (NZ), your AEO status would be automatically recognised when your HK and NZ importers declare your company as the supplier in their import declarations.
Singapore. Decision of the EU-Singapore Joint Customs Cooperation Committee concerning the Mutual Recognition of the Secure Trade Partner Plus Programme of Singapore and the EU AEO Programme.
This study is a questionnaire survey based on Pillar 3 of the WCO’s 2018 version of the SAFE Framework of Standards6 that focuses on the various AEO benefits of customs’ collaborations with other government agencies.
