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Simplified Exemption Process for Nonprofit Organizations

New for 2016 and available in Florida is Form DR-5 (Application for a Consumer's Certificate of Exemption). This application is available on the Florida Department of Revenue’s website. It is intended to expedite the process for establishing whether companies are exempt from paying tax on purchases. Florida Exemption Certificates are…

SOLAS Update on Container Weight Requirement

On July 1, 2016, the International Maritime Organization (IMO) will enact an amendment to the Safety of Life at Sea (SOLAS) Convention: Chapter VI, Part A, Regulation 2 – Cargo Information. This amendment establishes a mandatory container weight verification requirement that requires a loaded container to have a verified weight…

The Hidden Benefits of an FTZ

A Foreign Trade Zone (FTZ) is a geographical territory inside the United States that is considered outside the Customs territory of the US, whereby goods can be imported without entry processing and subsequent payment of duty and taxes. These zones, originally created during the depression to bolster foreign commerce in…

No Duty, No Problem: How to Use the Tariff Concession System in Australia

When growing a successful business, knowing all available options to save money can be crucial to development and continued success. One program that all savvy importers in Australia should know is the Tariff Concession System 〈TCOs〉. Australian customs estimated that approximately $1.9 billion dollars in revenue was foregone through the…

Resale Certificates: 101

Resale certificates can go by a number of different names: Reseller‘s Permit, Resale License, Resale Exemption Certificate, etc. Whatever name the document goes by, the function of it is to allow retailers to buy products without paying sales tax. Resale certificates cannot be used for items that will be used…

Ten Ways the New Panama Canal May Affect Logistics

June 26th, 2016 is a big day for the historic Panama Canal , which is the only waterway connecting the Pacific and Atlantic oceans in the western world. The canal has been undergoing an expansion project that will widen and deepen its capacity. June 26th marks its official re-opening for…

The Least Cost Carrier Isn’t Always the Best Choice

There are many types of shippers in the global marketplace. Those shippers who move freight with the carriers that provide them the most convenience, and those who forego convenience and service by choosing the least cost carrier whenever possible. In order to get the most value, consider these options before…

The biggest Container Vessels Are on the Move

Beginning in June, the French shipping line, CMA CGM, will provide its biggest vessels for ports between Asia and the USA. These vessels are some of the biggest vessels in the world and are designed with the latest technologies in order to provide more protection of the environment. A total…

The Giant AN-225 Lands in Prague

Antonov AN-225 Mriya (Dream or Inspiration in English) with civil registration UR-82060 is the biggest aircraft ever built. The whole fuselage of Airbus A-320 can easily fit into its cargo hold. It is powered by six turbofan engines with a maximum takeoff weight of 640 tons (710 short tons). On…

The Future of The Air Cargo Industry and Our Climate

Climate change and global warming are issues that have been discussed all over the world for quite some time. Most recently, at the Paris Climate Conference in December 2015, 195 Countries agreed upon a first ever, legally binding climate agreement that will go into effect in 2020. With all eyes…

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