Trade Publications

Transportation and Exportation or Immediate Transportation... What's The Difference?

Posted on January 10, 2018. Category: Trade Publications

There are many mechanisms that can be utilized to benefit a supply chain and shipping costs. Two options are Transportation and Exportation Bonds (T&E) and Immediate Transportation Bonds (IT). However, it is important to know the difference between the two bonds because there can often be confusion about which bond should be used, creating a problem for most carries. For example, a carrier might decide to use a T&E bond when they should have used an IT bond. This can lead to missed opportunities and higher expenses incurred throughout the transportation process.A T&E... Read More

Utilizing ACH to Mitigate Error and Streamline Payments to CBP

Posted on December 14, 2017. Category: Trade Publications

An automated clearing house (ACH) is a funds-transfer system that is operated by the National Automated Clearing House Association (NACHA). This system deals with a plethora of different payment services such as direct deposits, refunds, and bank withdrawals. The NACHA uses this system to improve the efficiency of business operations. “CBP uses ACH to allow participants to pay fees, taxes, and receive refunds electronically. ACH automates the payments and makes deposits in a fast and paperless manner to increase efficiency and to eliminate the risk associated with check processing. “[1] CBP offers three ACH options: ACH... Read More

Do You Know What’s in Your Shipment? Adding Items Adds Unforeseen Consequences: 19 CFR 141.89

Posted on December 13, 2017. Category: Trade Publications

Imagine sending a shipment of multiple products only have it returned to your doorstep, causing processing delays and a dissatisfied customer. By adding a simple cotton sample or complimentary T-shirt to your shipment without providing the required information outlined in several obscure areas, this friendly gesture has turned into a customs nightmare.Under U.S. 19 Code of Federal Regulations 141.89, many everyday items require unexpectedly thorough vetting. These include ball bearings, beads, bed linens, color dyes, copper, cotton fabrics, yarn, footwear and more. The importation of each component is contingent upon fulfilling specific CBP requirements, ranging from certificates of origin, detailed... Read More

The Importer Self-Assessment (ISA) Program

Posted on November 13, 2017. Category: Trade Publications

The Importer Self-Assessment (ISA) program was developed by U.S. Customs and Border Protection (CBP) in 2002. The ISA program enables importers to check their internal compliance procedures and processes with CBP laws and regulation. This program was created with the intention to help support a stable CBP and importer relationship that is mutually beneficial to both parties - having a strong line of communication between the parties. Additionally, confirmed compliance upstream with CBP laws and regulations is crucial and saves time. The ISA program is, of course, voluntary but in doing so importers can prove their willingness to manage and... Read More

What You Need To Know About the Comprehensive Economic and Trade Agreement

Posted on November 08, 2017. Category: Trade Publications

The Comprehensive Economic and Trade Agreement, also known as CETA, is a new trade agreement between the European Union and Canada. It was provisionally applied on September 21, 2017, after seven years of negotiations. This is Canada’s biggest bilateral initiative since the North American Free Trade Agreement (NAFTA). This deal will strengthen economic relations by creating new opportunities for EU companies by boosting trade. It will make business with Canada easier, it will open up new sectors of the Canadian service market, substantially improve access to public contracts, offer predictable conditions to investors, protect 143 European high-quality agriculture food products, known... Read More

Natural Disasters Affect the Bottom Line - The Impacts of Hurricanes Harvey, Irma, and Maria

Posted on November 06, 2017. Category: Logistics PublicationsTrade Publications

By now, many in the logistics and transportation industry, as well as the clients they are serving, are starting to notice an uptick in the cost of their transportation needs. Much of this has to do with the impacts of the recent hurricane season compounded with the normally busier time of year. Disaster relief is itself an impromptu industry and due to immediacy, creates a glut in the market and thus, transportation activity.Many companies are seeing opportunity at every turn, from clean up and landscaping companies all the way to the top of retail mega-corporations like Amazon. So what... Read More

Hurricane Irma Update

Posted on September 08, 2017. Category: Logistics PublicationsTax PublicationsTrade Publications

Hurricane Irma is currently a category 4 hurricane that is expected to impact Florida over the weekend.This large powerful storm will cause supply chain disruptions over the next few days, and longer depending on the amount of damage sustained by the area.As of now cargo airline operations out of Miami and Ft. Lauderdale will be closed through Monday.The U.S. Coast Guard currently expects the closures of Port Miami and Port Everglades Saturday.Please check in at for the latest on Hurricane Irma. Furthermore, if you have questions about freight that is moving to or... Read More

Understanding and Mitigating the High Risk of Intellectual Property Rights

Posted on September 06, 2017. Category: Trade Publications

Intellectual property, a conception of creative ideas, can include designs, phrases, and symbols that characterize specific companies and are protected by laws in the form of intellectual property rights. These rights include copyrights, trademarks, trade secrets, and patents that not only serve as a huge part of company revenue but also provide a competitive advantage in the form of monopolies. Because of the value of intellectual property, theft in the form of counterfeiting, exposure of trade secrets, and piracy is a real and probable threat. It is crucial for companies to develop thorough programs to protect these assets at all... Read More

The Uncertainty of Abbreviated Country Codes

Posted on September 04, 2017. Category: Logistics PublicationsTrade Publications

In International Trade, abbreviated country codes are often used and are sometimes mandatory. They exist in a 2 letter code (ISO 3166-1 alpha-2) and a 3 letter code (ISO 3166-1 alpha-3, used by the United Nations). It is important to use the right codes, as errors can have unintended consequences. We have seen Germany erroneously shown as GE instead of DE, GE is the country code for The Republic of Georgia. The conversion from 3 to 2 letter codes can also be tricky. Sometimes, you can simply use the first 2 letters of a 3 letter code, as in FR instead of FRA for France. Other... Read More

SEC Tosses Up a Change in Conflict Minerals Rule Compliance

Posted on August 28, 2017. Category: Trade Publications

On April 3, 2017, the U.S. Securities and Exchange Commission (SEC) announced it would not recommend enforcement action for companies that disclose, but do not further investigate the usage of conflict minerals which may be from the Democratic Republic of Congo (DRC). According to the National Association of Corporate Directors, “Before the SEC announced their new ruling, companies that manufacture or contract to manufacture products using such minerals had previously been required to conduct extensive due diligence on its supply chain and make this diligence publicly known with a note that its products contained minerals which “have not been... Read More

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