CILTHK Logistics Newsletter February 2018
The CILTHK Logistics Newsletter is a collaborative publication with The Chartered Institute of Logistics and Transport in Hong Kong with the key objective to share insightful information and examine legal developments concerning the logistics sector.
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Featured news & insights
News / Autonomous vehicles: are we there yet?
05-02-2018 / Aviation & Travel
The last quarter of 2017 heralded a new era of fully and semi-automated delivery vehicles, the most celebrated of which was the Tesla semi-truck; an all-electric semi-truck design that can run on batteries alone1. In the same period, Uber acquired Otto (a self-driving truck start up) and successfully delivered over 50,000 cans of Budweiser beer over a 120-mile journey in October in what was dubbed as the completion of the world’s first shipment by a self-driving truck2. Closer to Hong Kong, Jingdong, a Chinese e-commerce company, launched an unmanned light van, EV80, and began road testing in September3.
News / Blockchain – panacea or red herring?
In 2017 the logistics and transport industry was awash with predictions of the advances that a myriad of new technologies were going to bring. One of the major predicted advances was the use of blockchain technology to enhance communication and transparency across the supply chain, to effectively deal with the current fragmentation across the industry and to make traditionally paper-based trade processes more efficient. Here in Hong Kong, the government has recognised the potential of blockchain and the need for further research into its practical application1. In a whitepaper published in October 2017, the Hong Kong Monetary Authority identified a number of legal and compliance issues with distributed ledger technology. It also set out the results of proof of concept tests in trade finance, digital identity management and mortgage loan applications2, demonstrating the benefits and challenges of the practical applications of the technology in its current form.
News / An Introduction to E-Commerce in Hong Kong
One definition of e-commerce is “the sale and purchase of goods or services, conducted over computer networks by methods specifically designed for the purpose of receiving or placing of orders”1. That sale can be conducted via the seller’s own website, via a specific platform or portal (such as Amazon or Alibaba or new platforms such as Freightos in the shipping context), via a mobile app or via EDI. The process of e-commerce can be divided into 3 stages: 1. Discovery / pre-purchase: The consumer is directed to the product via a website, third party advertising, search engines etc. 2. Transaction / purchase: A contract is formed and the consumer buys the goods with an online transfer of payment. 3. Delivery and post-purchase: Either digitally (such as purchase of music files, movies etc.) or physically.
News / China’s New Single Window Platform
05-02-2018 / Commodities & Trade
In 2017, the Chinese authorities announced a number of key reforms to customs procedures that on their face, look to facilitate the movement of goods across Chinese borders. One of the major announcements was the national roll out of a “standard” Single Window system. This article looks at the changes this brings to the old system and the implications for traders.