The Growth of Maritime Trade
September 28, 2023.
Trade Publications
The United Nations Conference on Trade and Development (UNCTAD) forecasts that after declining by 0.4% in 2018, the volume of global seaborne trade will increase by 2.4% in 2023. Although this is lower than the long-term growth rate of about 7% over the previous three decades, containerized trade is predicted to climb by 1.2% in 2023 and...
Read MoreUnlocking Import Success: Navigating the Harmonized Tariff System 〈HTS〉 for US Goods
September 21, 2023.
Logistics Publications, Trade Publications
The classification of an item using the Harmonized Tariff System (HTS) is a crucial step for importing goods into the US. The HTS determines various aspects of the import process, such as: The applicable duty rates and exemptions for different products. The antidumping and countervailing duties (ADD/CVD) that may...
Read MoreSection 301 China Tariff Exclusions Extended
September 15, 2023.
Logistics Publications, Trade Publications
Earlier this month, on September 6, 2023, the United States Trade Representative (“USTR”) announced to the world that it will be extending 352 reinstated exclusions and 77 COVID-19 related exclusions to duties imposed on goods from China pursuant to Section 301 of the Trade Act of 1974. The USTR imposed Section 301...
Read MoreWhat is CARM?
September 11, 2023.
Logistics Publications, Trade Publications
At a quick glance, this project signifies a transformative journey spanning multiple years. It’s a relentless dedication to enhancing and streamlining trade processes, all while championing the twin pillars of efficiency and unwavering adherence to regulations. It’s a reflection of the commitment to making a resounding...
Read MoreContinuing Your Trade Compliance Education
July 19, 2023.
Logistics Publications, Trade Publications
As of June 22, 2023 Customs and Border Protection (CBP) published their final ruling on requiring continuing education for all individual licensed customs brokers. CBP will now require 36 continuing education credits to be completed during the three years of a triennial period. Brokers must show completion of 36 continuing education credits at the...
Read MoreUnderstanding the OSRA Act of 2022
July 14, 2023.
Logistics Publications, Trade Publications
Ocean Shipping Reform Act of 2022 (Public Law No: 117-146) was passed by US Congress and put into law by USA President Joe Biden in June of last year. This act may help many different parties and could help alleviate some of the stress and issues occurring with ocean freight shipments....
Read MoreThe Art of Customer Service
July 07, 2023.
Logistics Publications, Tax Publications, Trade Publications
In today’s business world, whether it is electronic or face to face it is vital to provide outstanding customer service. Customer service can be defined as the practice of providing customers with the support to enrich their satisfaction with the company and its products and services. It is...
Read MoreAmazon Implements AI to Identify Damaged Goods
July 05, 2023.
Logistics Publications, Trade Publications
Amazon has begun exploring options to automate their fulfillment process as they have had difficulty finding reliable workers and are looking for ways to have Artificial Intelligence take over some of the heavy lifting done in their warehouses and increase productivity. Over the last few months, Amazon has started to...
Read MoreCombating Deforestation with Trade Regulations
June 30, 2023.
Logistics Publications, Trade Publications
Fighting climate change has, over the past few years, become a major priority for nations around the globe. While there is much debate among the general population as to what drives climate change, deforestation and the lack of carbon consuming plants is proven to affect our environment in negative ways....
Read MoreWhat is a Licensed Customs Broker?
June 29, 2023.
Trade Publications
Customs Brokers are individuals who are licensed by the U.S. Customs and Border Protection (CBP) to assist businesses in understanding and abiding federal regulations concerning the importing and exporting of goods into or out of the country. These highly trained professionals assist businesses by processing relevant paperwork, fees, and...
Read More21 CCF: What Can We Expect?
June 15, 2023.
Logistics Publications, Trade Publications
In the ever-changing landscape of international trade and relations, the Customs & Border Patrol Agency believes it has fallen behind in modern times. The CBP created the idea of 21 CCF — the 21st Century Customs Framework — in 2018 when they had their first public meeting on the new framework. A...
Read MoreGeneral Average… everyone chips in… whether you like it or not!
June 14, 2023.
Logistics Publications, Trade Publications
If you ever saw The Perfect Storm, or All is Lost, or The Finest Hours, not only you may have seen a good production, but you also saw what in real life could be part of a General Average Declaration. The law of general average is a principle of maritime...
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