U.S. Customs recently released their ACEopedia to educate importers, exporters, and the trade community on current and upcoming capabilities of the Automated Commercial Environment (ACE). Those new or just getting started with ACE will want to check out this great informational resource, which gives a general overview of what ACE is all about. The ACEopedia…
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Have a shipping dispute that you want resolved without lengthy and expensive litigation? Then consider taking advantage of one of the FMC's free mediation services offered to the shipping public through its Consumer Affairs & Dispute Resolution Services. The FMC's Alternative Dispute Resolution services can be used for disputes involving commercial or personal cargo shipped…
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Most U.S. banks don't provide domestic loans for working capital advances on export orders, receivables, or letters of credit, which can put a damper on export sales. So, who do you turn to if you need financing to help develop or expand your export operations? Enter the Small Business Administration (SBA) and its three loan…
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China’s national weather service has issued an orange alert, the second most severe, for incoming typhoon Kalmaegi, which is expected to land in China on Tuesday morning. The typhoon plowed through the Philippines on Sunday, causing flooding and landslides in the northeast provinces. Chinese authorities issued a disaster relief alert Monday morning for the southeastern…
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Transpacific carriers continue to increase rates through this strong peak season. They've announced a General Rate Increase (GRI) to be effective September 1, but have not settled on the rate level. Our early indications are that the increase may be heavily mitigated by many of the lines, with further erosion of rates as the peak…
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Here’s some news that should brighten your day: A tentative agreement on health benefits has been reached between the International Longshore & Warehouse Union (ILWU) and The Pacific Maritime Association (PMA). According to a joint press release issued by the ILWU an PMA, the agreement is contingent upon resolution of many other issues that are…
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By Mike Frail, Senior Advisor As if export control reforms weren’t enough of a burden, U.S. exporters now have their plates pretty full with various sanctions imposed against Russia. U.S.-Russia relations have been strained since the annexation (or occupation) of Crimea, rebel fighting in eastern Ukraine, and the tragic downing of Malaysian Flight MH17. These…
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A trucker strike at the Port of Ningbo has escalated to near riotous conditions, warranting police involvement after picketing drivers became violent, reportedly. Striking truckers have been detained and arrested, according to the Journal of Commerce. Operations at the port have been severely impacted. We cannot confirm if the protests are ongoing at this point.…
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Due to a recent increase in the number of sea carriers found transporting wood packing material (WPM) that violates WPM standards—primarily while crossing the Mediterranean Sea—Customs & Border Protection has released a bulletin reminding importers to work to ensure that any WPM used has been effectively treated to prevent the introduction of invasive pests into…
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By Jim Trubits Many international buyers and sellers fail to recognize the positive financial outcomes that can be gained from a well thought out Incoterms strategy. Your methodology need not be complicated. It can be as simple as having a solid understanding of the role that risk plays in each Incoterms rule. Before expanding of…
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