What is a Licensed Customs Broker and How Can They Help?

Posted on September 15, 2015. Category: Trade Publications

On Wednesday, October 7th, 2015, Customs will conduct the final Customs Broker exam of 2015. Considered a “niche” profession, there are currently only 12,000 Licensed Customs Brokers (LCB) in the United States. Allyn International proudly employees 6 Licensed Customs Brokers who serve our clients in different capacities throughout the company.   With the test date fast approaching, it is only appropriate to explore what a Customs Broker is and how a broker can help an importer’s supply chain.An LCB is an individual that is regulated and empowered by U.S. Customs and Border Protection (CBP). The core responsibility...

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Not All Kits Are Created Equal

Posted on September 11, 2015. Category: Trade Publications

The mislabeling and reporting of kits on commercial invoices is, quite possibly, the most common mistake noted by Allyn International analysts in applying HTS codes to products on parts lists or upon importation. A mistake like this can delay a shipment for days and accrue storage charges at port.  Fortunately, a little bit of education and foresight can prevent these costs and allow an importer to be as compliant as possible with customs regulation.Kits, Sets, Disassembled Machines and Spare PartsAll of the items listed above have one thing in common: they are multiple products that a company...

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The Buzz about IRC § 7874

Posted on September 11, 2015. Category: Tax Publications

IRC § 7874: Rules relating to expatriated entities and their foreign parents.The recent corporate inversion transactions of many large US corporations has resulted in much discussion and controversy relating to IRC § 7874. A corporate inversion, also referred to as a tax inversion, is a transaction in which an organization is restructured to relocate the corporation’s legal domicile to a tax haven or country which enacts a lower corporate income tax rate.  These transactions have become especially desirable to organizations that are involved in the sales of intangible goods, such as pharmaceutical companies because many countries do not...

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Sales Tax Reform May Not Be Seen Until 2017

Posted on September 08, 2015. Category: Tax Publications

Two sales tax reform bills have been introduced to Congress this year:  the Marketplace Fairness Act and the Remote Transaction Parity Act.  The Marketplace Fairness Act (MFA) passed the Senate in 2013 but did not make it through the House Congressional session that ended in 2014.  It was reintroduced in 2015 with very few changes.Utah Congressman Jason Chaffetz introduced the Remote Transaction Parity Act (RTPA) claiming it is friendlier to small business owners than the MFA.  The bill would initially exempt online businesses making less than $10 million in remote sales per year from collecting sales tax at the...

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The Importance of Customer Service in a Fast-Paced Logistics World

Posted on September 01, 2015. Category: Logistics Publications

The Importance of Customer Service in a Fast-Paced Logistics WorldThe 21st century global logistics world is quickly evolving and the needs of shippers are becoming more complex.  Today’s shippers expect more from their logistics providers than the ability to expedite a shipment or track a delivery; they expect a wide range of services from the very beginning of the supply chain to the very end, efficiently executed as an extension of their company.  They expect insight, strategic guidance, technology systems, and access to real-time data.  How can a logistics organization provide all of these...

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Meet The Yamal Railway, the northernmost railway in the world

Posted on July 30, 2015. Category: Logistics Publications

In the Nenets language (Samoyedic language spoken in northern Russia), “yamal” means “The End of the Land”. It is also the name of a peninsula in Northwest Siberia, about 2000 km from Moscow. This far away and long forgotten place is the home of Russia’s largest natural gas reserve (55 trillion cubic meters of gas), as well as the home to the world’s northernmost railway, the Yamal Railway.The gas reserve, called the Bovanenko gas field, was discovered in 1972, but developments of the Yamal area didn´t begin until the early 90s. As...

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Logistics Visibility and Revenue Recognition

Posted on June 23, 2015. Category: Logistics Publications

Logistics visibility can be a great tool in helping achieve timely revenue recognition. Many times a supply chain event such as shipping, border crossing or delivery will trigger revenue recognition. Knowing when these logistics events take place is the first step in booking sales timely.Tips on Revenue RecognitionTitle transfer is not directly linked to Incoterms®: Incoterms® do not specify when title transfer takes place, any specifics written in the contract, purchase order or Letter of Credit will prevail over what is assumed. For instance, a shipment sold under the CIF states delivery takes place once...

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5 Things to Look For When Selecting a Freight Forwarder

Posted on June 21, 2015. Category: Logistics Publications

All companies have their own criteria when it comes to freight forwarder selection. While some may choose a forwarder on cost alone, we know there are additional values that truly make a freight forwarder great.Here are 5 things, other than cost, that every shipper should think about before choosing a forwarder.5) Expertise:  Do they have experience within your industry? Do they have a local presence at the destination where they can offer local expertise? Are they proficient in the modes and service levels you require? Are they experienced, credible and knowledgeable?4) Crisis Management: Something will go wrong eventually, and...

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How Emission Control Areas Effect Your Ocean Transport Costs

Posted on June 15, 2015. Category: Logistics Publications

What is an ECA? Emission control areas (ECA's) or Sulfur Emission Control Areas (SECA's) are zones designated by MARPOL – the International Convention for the Prevention of Pollution from Ships. MARPOL is a marine environmental convention with a goal to reduce sea pollution specifically focused on dumping and oil/exhaust pollutants.   Vessels operating within an ECA zone must use a marine fuel (or bunker) with a sulfur content that does exceed 0.1% or use an exhaust gas cleaning system, commonly known as scrubbers.  (Photo courtesy of International Maritime Organization)HFO vs. MGO Traditional vessel fuel (bunker)...

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HTS Classification: You have got to be Joking!

Posted on June 13, 2015. Category: Trade Publications

Though sometimes laborious and complicated and in spite of the over-the-top title, the concept of HTS classification is actually quite simple and essential to the success of any trade compliance program. The goal of this publication is to impart some general facts on the topic of HTS classification and prove to the reader that HTS classification does not have to be thought of as a tool to weed out the weak-willed and easily intimidated. HTS classification is a means by which every article imported or exported from the United States has a unique number code that not only identifies...

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