Duties on Steel and Aluminum
March 09, 2018.
Logistics Publications, Trade Publications
President Trump signed two Presidential Proclamations yesterday – one on steel imports and one on aluminum imports. The President is imposing an additional 25% duty on steel, and an additional 10% duty on aluminum, imported from all countries except Canada and Mexico beginning on March 23, 2018. The breakdown is as follows: Steel...
Read MoreWhy Have a Trade Compliance Team?
February 22, 2018.
Trade Publications
Is your enterprise meeting all of its compliance needs? The great paradox of global trade is that it is integral to growth, but few specialist understand the challenges of operating internationally. Every mid to large size company in business has a strategy in place for meeting their accounting, human resources,...
Read MoreReasonable Care: How Much is Enough?
February 01, 2018.
Trade Publications
There are many interesting concepts in the world of international trade, but perhaps one of the most discussed is “reasonable care.” The trade community was first introduced to this concept after the passage of the Customs Modernization Act in 1993 where Customs and Border Protection “CBP” ruled...
Read MoreTransportation and Exportation or Immediate Transportation... What's The Difference?
January 10, 2018.
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...
Read MoreUtilizing ACH to Mitigate Error and Streamline Payments to CBP
December 14, 2017.
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. ...
Read MoreDo You Know What’s in Your Shipment? Adding Items Adds Unforeseen Consequences: 19 CFR 141.89
December 13, 2017.
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...
Read MoreThe Importer Self-Assessment (ISA) Program
November 13, 2017.
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...
Read MoreWhat You Need To Know About the Comprehensive Economic and Trade Agreement
November 08, 2017.
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...
Read MoreNatural Disasters Affect the Bottom Line - The Impacts of Hurricanes Harvey, Irma, and Maria
November 06, 2017.
Logistics Publications, Trade 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...
Read MoreHurricane Irma Update
September 08, 2017.
Logistics Publications, Tax Publications, Trade 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...
Read MoreUnderstanding and Mitigating the High Risk of Intellectual Property Rights
September 06, 2017.
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...
Read MoreThe Uncertainty of Abbreviated Country Codes
September 04, 2017.
Logistics Publications, Trade 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...
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