February 28 marks a crucial deadline for U.S. Customs, one that has the potential to impact every import and export operation in the country. According to a time table set by the White House, Customs brokers and U.S. importers have until 2/28 to transition to using a computer system, known as ACE, for filing entry…
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We are pleased to advise that the Peak Season Surcharge (PSS), originally announced to go into effect on 1/15, has been postponed until 2/1. There is speculation that it may be delayed again or possibly cancelled. The General Rate Increase (GRI), announced for 2/1, is still applicable; but with a weakening market, it's likely to…
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After allowing rates to slide for nine consecutive months, vessel operators on the Trans-Pacific trade have gone through with their announced plans to implement a large rate increase, effective January 1, 2016. Additionally they have announced plans to implement a Peak Season Surcharge (PSS) on January 15, followed by yet another General Rate Increase (GRI)…
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It's the moment you’ve all been waiting for: after years of negotiations behind closed doors the Trans-Pacific Partnership is now available to the public. A table of contents of the trade agreement can be viewed here; you can select to read chapters of the TPP in full text. For example, Chapter 3: Rules of Origin…
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* Ocean rates at record low * Increases proposed for Jan 1 Ocean carriers in the Trans-Pacific trade started off 2015 with a bang, offering some of the highest rates to ever move cargo from Asia to the U.S. Since then we’ve seen a steady erosion of freight rates (more than 60%) to what might…
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Since wrapping up negotiations for the Trans-Pacific Partnership (TPP) earlier this month, the Obama Administration has made very little information about the trade agreement available to the American public. With Congress not likely to put it to a vote until next year—an election year—the Administration has offered us a taste of what’s to come. In…
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In response to heavy push back from the trade, participating government agencies, and software providers, U.S. Customs & Border (CBP) recently announced that it will delay the start of mandatory ACE entry filing from November 1 of this year to February 28, 2016. November 1 will instead mark the beginning of what Customs is calling…
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As a follow-up to last month’s article, Trade Promotion Authority (TPA) was tagged onto the Defending Public Safety Employees’ Retirement Act and signed into law on June 29. Before TPA was enacted, supporting and opposing parties agreed on one thing: it would assist in locking down the Trans-Pacific Partnership (TPP). Also known as “fast-track,” TPA…
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On June 29 President Obama signed H.R. 1295, which retroactively renewed the Generalized System of Preferences (GSP). Long awaited by many U.S. importers, GSP’s renewal allows nearly 5,000 products from 122 designated beneficiary countries and territories to once again be eligible for duty-free entry into the U.S. However, the good news doesn’t stop there. GSP’s…
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Thousands have been evacuated throughout southern China following landfall of Typhoon Linfa earlier this week and in anticipation of incoming Typhoon Chan-hom. Typhoon Linfa hit the southern coast of China on Thursday, prompting the closure of Hong Kong International Airport that afternoon. Chan-hom is expected to touch down on Saturday in Fujian or Zhejiang province.…
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