Pacific carriers have announced a General Rate Increase (GRI) effective April 1, 2024. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian ports Effective April 1, 2024 Equip.USD20…
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Pacific carriers have announced a General Rate Increase (GRI) effective March 15, 2024. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian ports Effective March 15, 2024 Equip.USD20…
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A final rule was issued by the Federal Maritime Commission (FMC) with an effective date of May 26. The rule institutes new requirements for how ocean carriers and marine terminal operators (MTOs) must bill for demurrage and detention charges. “The inclusion of Marine Terminal Operators in the rule will make billing practices more uniform across…
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U.S. Customs and Border Protection (CBP) has published a new public bond guidance—announced in a Cargo System Messaging Service (CSMS) on February 13. The change to the guidance provides updates to the official procedures for determining bond amounts. The following are key highlights of the changes. All continuous bonds are set in increments of $10,000…
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The U.S. Federal Maritime Commission (FMC) issued a ruling on February 13, which orders ocean carriers to cease requiring cargo owners and their truckers to use specific chassis on port-to-port shipments. This ruling validates the 2023 chassis choice initial decision, in which Erin Wirth, FMC Chief Administrative Law Judge, determined that exclusive agreements between ocean…
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With advancing technology, it has never been more crucial to practice due diligence regarding export controls. Technologies, such as artificial intelligence (AI) and quantum computing are at the forefront of the Bureau of Industry and Security’s (BIS) concerns. BIS is working to protect these advanced technologies from falling into the wrong hands is essential. Top…
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The ripple effect of the Panama Canal and the Red Sea re-routings continue to impact the industry. India is largely dependent on the Red Sea route through the Suez Canal for its trade with Europe, North America, North Africa, and the Middle East. These regions accounted for about 50 percent of India’s exports and about…
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The five federal agencies have issued a new compliance note that highlights the necessity that those who move cargo—vessel owners, charterers, exporters, managers, brokers, shipping companies, freight forwarders, commodities traders, and financial institutions— ensure they are not being exploited by nefarious actors disguising the true origin, destination, or nature of their cargo. The note offers enforcement trends…
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The Canadian Border Services Agency (CBSA) has released its audit priority list for January 2024. Twice a year, the CBSA reevaluates its “audit priority areas”, this is to ensure that commercial goods are being imported following trade rules. The CBSA evaluates three main components—tariff classification, valuation, and origin for custom verification. The CBSA believes that…
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This Lunar New Year ushers in the Year of the Dragon, bringing week long factory closures across Asia. Labor shortages are expected in terminals, warehouses, brokers, and other relevant parties.Most businesses will be closed in observance of the following holidays:Mainland China—Lunar New Year / Spring Festival: February 10-17Hong Kong—Chinese New Year: February 10-13Vietnam—Lunar New Year…
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