Trade Publications

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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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Cargo Theft - Tips to Reduce Your Risk

Posted on August 22, 2017. Category: Logistics PublicationsTrade Publications

Believe it or not, cargo theft is a multi-billion dollar problem every year for shippers and carriers. According to the Federal Bureau of Investigation, that number also continues to grow. Thieves are drawn to the fact that trucks and warehouses can contain very expensive goods, producing high returns for fairly low-risk operations. Buyers always exist for these goods because people rarely ask questions when receiving a highly profitable deal. In addition, the ability to sell items over the internet allows for speedy transactions, concealed identities, and unsubstantiated information regarding the origin of the goods.So what should you be doing...

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Why Business Leaders Should Look to Export Their Products and Services

Posted on August 03, 2017. Category: Trade Publications

The United States’ goods and services market is performing on such a large scale that is important for businesses to analyze the benefits of exporting particularly since “70% of the world’s purchasing power is situated outside of the U.S.A” ( Apple Rubber).Below are the top 4 reasons that businesses should consider broadening their market and consider exporting their products:1. Foreign markets have the power to boost profits and the life cycles of certain products and services. While some people believe that exporting American goods is only for the prosperous and innovative products, some matured...

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