Key Benefits of MES
- Suspended cargo import tax: Businesses can import non-dutiable goods without immediate tax payments, easing cash flow.
- Flexible storage duration: Goods can remain in Singapore indefinitely as long as they are not for local consumption.
- Re-export services: LV Singapore can import goods on behalf of overseas clients and re-export them, even if the client is not GST-registered in Singapore.
This scheme is particularly advantageous for oil and gas companies that deal with high-value equipment and frequent international shipments.
LV Singapore in the Oil and Gas Sector
LV Singapore has established itself as a key logistics provider for the oil and gas industry, working with major players such as Seadrill, Hanwha Ocean, and SILOSTOP. Their expertise in handling heavy lift, project logistics, and customs clearance makes them indispensable for offshore drilling, refinery operations, and energy projects.
Why Choose LV Singapore?
- Industry specific expertise: Deep understanding of oil and gas logistics.
- Global network: Strong partnerships for seamless international shipping.
- Regulatory compliance: Ensures smooth customs and tax processes.
- Innovative solutions: Tailored services like MES to optimize operations.
With decades of experience and a commitment to excellence, LV Singapore continues to be a trusted logistics partner for businesses in Singapore and beyond.