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Friday, October 16, 2015 Sandler, Travis & Rosenberg Trade Report A year after substantially revising a proposal to overhaul its regulations on ocean transportation intermediaries, the Federal Maritime Commission may be preparing to issue a final rule. The Commission is scheduled to hold a partially open meeting Oct. 21 at which this rulemaking will be discussed. Also on the agenda are briefings on FMC information technology modernization, the Commission’s continuity of operations plan, and maritime discussions with Japan. In May 2013 the FMC outlined changes to its rules governing the licensing, financial responsibility requirements and duties of OTIs that were […]
In an October 5 Cargo Systems Messaging Service transmittal, CBP issued an “important reminder” to all importers & brokers that the importer of record must deposit estimated ADD/CVD when certain Post-Summary Corrections or Post Entry Amendments are filed. Two situations are in view: When the PSC/PEA is filed to change the Entry Type Code from 01 to 03. (However, if the correct deposit rate is zero, CBP should not require a deposit.) Although not mentioned in the CSMS, the requirement would also apply when the Entry Type is changed from 02 (Quota/Visa) to 07 (Quota/Visa-ADD/CVD Combination). This would also be […]
When the El Faro cargo ship and its 33 crewmembers left the port of Jacksonville, Florida last Tuesday, October 1, Joaquin was a tropical storm. Yet, as the ship approached the Bahamas, Joaquin turned into a Category 4 hurricane, and by Thursday, El Faro was trapped in the crush of 50-foot seas and winds of 125 miles per hour, near the eye of the hurricane. Listing dangerously 15 degrees, the ship, full of cargo containers and cars, was taking on water. The engine failed, making it impossible to steer. Then, after a distress signal, all communication vanished at 7:20 […]
East Coast towns and cities already dealing with heavy rain are bracing for newly formed Category 3 Hurricane Joaquin, which could pound the region with flooding and strong winds by the weekend. While forecasters say they have yet to determine whether the storm will hit the Eastern Seaboard, many states are bracing for its fallout. Rain, flooding and high winds will continue even if the center of Joaquin stays offshore, according to the National Weather Center. That uncertainty has prompted officials in states along the Atlantic to urge residents and businesses to take precautions. It was only three years ago […]
Does your company ship exhibits to international trade shows? Or service projects in foreign countries? Or simply travel with samples and prototypes? Learn how ATA Carnets can help you and your company expand in international markets cost effectively and compliantly. Get all the tools you need to implement a compliant temporary export and import ATA Carnet program for your company. As the national organization representing global trade professionals, NCBFAA’s educational institute (NEI) strives to provide customs brokers and forwarders with the knowledge and skills necessary to maintain high standards for professional development to compete in the job market and to advance in their career. […]
The months of September through December are traditionally peak season for motor truck cargo shipments. It’s also, unfortunately, a high season for cargo theft. According to data released by security firm FreightWatch International, in 2014, the “concentration” of cargo theft activity between September and December totaled 245 incidents, with the greatest number – almost one-third of the period’s total – occurring in October as a “surge” of goods flooded the supply chain ahead of “Black Friday,” the day after Thanksgiving retail shopping extravaganza. “Holiday weekends are notorious for presenting increased cargo theft risks for transportation companies, shippers, and manufacturers,” FreightWatch […]
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