Last year we informed you of a new 6% value added tax (VAT) imposed by the Chinese government on international transportation charges paid in China. Freight charges are now officially exempt from this tax, according to a news release posted on the Federal Maritime Commission's (FMC) website. The FMC reports that this exemption, which went…
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2014 will usher in a record year of ship deliveries for worldwide trade, according to ocean liner analyst Alphaliner. Capacity topping 1.6 million TEU’s (twenty-foot equivalent units) will join the trade this year with 17 of the top 20 carriers adding vessels to their fleets. Vessel size is increasing in anticipation of the Panama Canal…
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During the Chinese New Year holiday, most businesses in mainland China and Hong Kong are closed. In 2014 Chinese New Year will be observed: 1/31-2/6 in mainland China 1/31-2/3 in Hong Kong Mohawk clients are encouraged to schedule air and ocean shipments as soon as possible to avoid delays in the weeks surrounding the holiday.…
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Due to severe winter weather, and the potential for dangerous working conditions, all New York/New Jersey marine terminals will be closed on Friday, January 3, 2014. Normal port activities are expected to resume on Monday, January 6.
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Here’s an end of the year reminder for anyone importing into the U.S. under a free trade agreement: An imported product doesn't qualify for a free trade agreement simply because the supplier issues a certificate of origin. It is up to the U.S. importer to determine if the product originates or meets a specific rule…
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If you’ve ever had a pest control problem in your home, then you understand the value of a professional exterminator--someone who can get rid of those unwelcomed inhabitants. Now suppose you had a bigger pest control problem, one which encompasses the forests of an entire nation instead of a two or three story home. Unfortunately,…
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Children's products are required to meet special safety standards before they can be imported or sold in the U.S. Importers and manufacturers of these products must also comply with additional labeling requirements. For example, children's products with small parts, small balls, marbles, or latex balloons must be labeled as a choking hazard. Tracking labels are…
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Through the year there have been many announcements and articles in the maritime journals about the G6 or P3 carrier groups. What does this mean for future trade? We used to refer to vessel sharing agreements (VSA’s) by the names they were formed under. The Grand Alliance was organized by NYK Line, Hapag-Lloyd and Orient…
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If you’ve ever doubted how seriously U.S. law enforcement agencies pursue export-related crime, a new report by the Justice Department is likely to change your mind. The report covers the last six years and includes only a selection of the cases handled by the Justice Department during that time. It’s 89 pages long and details…
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Beginning April 5, 2014, exporters will need to comply with new AES reporting requirements. Some of these new requirements include: reporting temporary exports valued over $2,500 per Schedule B reporting license value and the type of ultimate consignee (direct consumer, government entity, reseller, or other/unknown) reporting of used self-propelled vehicles regardless of value or country…
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