Total results: 1330.
Carnets allow for the temporary export of goods into a foreign Customs territory for more than 80 countries globally. In addition to allowing goods to be temporarily imported into foreign countries, the carnet holder can transport goods duty and tax free inside a carnet inclusive territory for up to a…
The first shipping container was invented and patented by Malcolm McLean in 1956. Now 60 years later, ATS International, which is part of Anderson Trucking Services, has designed, tested and transported a new container, the Breakbulk Box. The walls and roof of the new design lift off in a single…
In regards to trade compliance, the bottom line objective for importers is to avoid customs audit and customs penalties while growing a business and increasing revenue. While HTS classification, export compliance and valuation may be at the top of the internal audit list, one area that importers may not revisit…
US importers are required to report certain information on commercial documents for all US Customs entries as required per 19 CFR 141.86. These fields will be utilized to compliantly file a Customs entry with US Customs and Border Protection. Most commonly these fields are value, classification, weight, buyer, seller, and…
In 2013, the Dodd Frank Wall Street Reform and Consumer Protection Act came into effect, with Section 1502 requiring all publicly traded companies to report their conflict mineral status on their annual reports and to disclose their due diligence via a Conflict Mineral Report (https://www.sec.gov/spotlight/dodd-frank/speccorpdisclosure.shtml). Over the course of the…
The Hanjin Shipping bankruptcy certainly caused a stir in the shipping world. Containers filled with billions of dollars of cargo are stranded, and the shippers this cargo belongs to can’t do anything about it. Shippers, truckers, terminals, fuel providers, and chassis companies are all affected by this bankruptcy, and they…
In November, Australians will be turning their attention toward the topic of a healthier country and community through National Asbestos Awareness Month. The Asbestos Safety and Eradication Agency will be holding its 3rd International Conference, gathering together top experts in asbestos management and best practices. In 2003, The Australian Department…
DP World has signed a lease to operate the Port of Saint John’s container terminal starting in January; the contract gives them control of the terminal for the next 30 years. This port is Canada’s fifth largest container port, and it is the second largest on the East Coast. In…
With the Trans-Pacific Partnership looming on the horizon and well over 100 FTA’s currently in effect, there has never been a better time to start utilizing the worlds various Free Trade Agreements (FTA). When an FTA matches up with a major shipping lane, a properly implemented program can easily save…
The North Carolina governor approved an amendment to N.C. Gen. Stat § 105-187.51B(a)(5) on July 14, 2016, that applies a privilege tax for specific purchases made by a company residing at a North Carolina water port that purchase “specialized equipment to be used at the facility to unload or process…