Bureau of Industry and Security (BIS), Commerce Department, and Department of State have adjusted their civil monetary penalties to account for inflation. Below is a summary of the increases. EAR Civil Violations Maximum civil monetary penalties for violations of the Export Controls Act of 2018 from $364,992 to $374,474. Effective January 15, 2025. AES Filings 13 U.S.C.…
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The U.S. Customs and Border Protection (CBP) has announced changes to the January 2025 Periodic Monthly Statement (PMS) schedule following the announcement of a Presidential Executive Order. This update designates January 9, 2025, as a National Day of Mourning, now recognized as a CBP holiday. The revised schedule has been detailed in CBP’s CSMS #63612638…
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The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) have reached an agreement on a Master Contract, bringing relief to the shipping industry and averting the potential January 15 strike. This agreement, which is now pending ratification, marks a significant milestone in labor relations within the maritime sector. The industry will be…
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Trans-Pacific carriers have announced a General Rate Increase (GRI) effective February 1, 2025. 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 February 1, 2025 Equip.USD20…
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Trans-Pacific carriers have announced a General Rate Increase (GRI) effective January 15, 2025. 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 January 15, 2025 Equip.USD20…
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