More good news for importers. The office of the U.S. Trade Representative (USTR) announced product exclusions for List 1, List 2 and List 3 of Section 301 tariffs on goods from China. This round represents the seventh set of exclusions for List 1, and the second set of exclusions for Lists 2 and 3 respectively. These exclusions…
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Carriers have started announcing blank sailings in an effort to manage capacity. What are blank sailings? A blank sailing is a sailing that has been canceled by the carrier. Why? When demand for space is low carriers will cancel sailings in order to ensure that vessels are full. The following are three reasons for the…
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President Trump has announced that the U.S. will delay the October 1 tariff increase—which will increase Section 301 lists 1 through 3 from 25 percent to 30 percent—until October 15. This delay has not yet been officially published in Federal Register or announced by the Office of the United States Trade Representative (USTR). We will…
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The proposed tariff increase on Chinese goods from 25 to 30 percent is currently scheduled to take effect on October 15. This 5 percent increase is the Trump Administration’s response to China’s retaliatory tariffs on about $75 billion worth of U.S. goods. Importers and other interested parties have until September 20 to submit comments on…
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Trans-Atlantic carriers have announced a General Rate Increase (GRI) effective October 1, 2019. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in for Europe. General Rate Increase—Trans-Atlantic Westbound Effective October 1 Equip. USD 20 ft $100 40 ft $200 40 ft HC…
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Trans-Pacific carriers have announced a Peak Season Surcharge (PSS) effective September 15, 2019. 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. Peak Season Surcharge—Trans-Pacific Eastbound Effective Sept 15 Equip. USD 20 ft $720 40 ft $800…
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Trans-Pacific carriers have announced a General Rate Increase (GRI) effective October 1, 2019. 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 October 1 Equip. USD…
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Trans-Pacific carriers have announced a General Rate Increase (GRI) effective September 15, 2019. 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 September 15 Equip. USD…
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The Office of the U.S. Trade Representative (USTR) is set to publish the official Federal Register notice that gives details on the increase of List 4A and 4B tariffs from 10 percent to 15 percent. The notice is scheduled to be published on August 30, 2019. We will keep you informed, if there are any…
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The International Maritime Organization (IMO) will impose a new limit for sulfur content in ocean vessel’s fuel oil, effective January 1, 2020. That new limit will be .50% mass by mass (m/m). Currently, the limit for ships operating outside designated emission control areas is 3.50% (m/m). This change has been in the works since 2008…
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