Did you know that if you import a machine into the U.S., your invoice needs to include a statement about the machine's use or method of operation? Or that if you import bed linen or bedspreads your invoice must state whether or not they contain any embroidery, lace, braid, edging, trimming, piping or applique work?…
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As an exporter, any sale you make is a gift until payment is received. That's why it's essential to establish the right payment terms in your contracts, so you get paid as soon as possible. The tricky part is getting your buyer to agree to these terms. How do you protect yourself to ensure that…
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It's ports-a-plenty at worldportsource.com, a free online directory of satellite maps and other information on over 4,500 world ports. The site lists ports by country and region. An interactive satellite map allows visitors to "zoom in" on the port of their choosing and view links to other port details. Click a port on the map…
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Client Alert Despite progress between labor and management on a master contract, local contract talks between the International Longshoremen’s Association (ILA) and the New York Shipping Association (NYSA) turned sour on opening day. Negotiations began and then quickly ended yesterday after disagreement on several issues, including work practices. The ILA and the U.S. Maritime Alliance…
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Client Alert In observance of the Chinese New Year, most businesses in mainland China and Hong Kong will be closed according to the following schedule: China (mainland): Feb 9-15 Hong Kong: Feb 9-13 In anticipation of the holiday, we urge all clients who ship freight to and from China to book upcoming shipments as soon…
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Client Alert You could practically hear the country’s collective sigh of relief over last week’s announcement that both parties in the East Coast labor talks agreed to extend their contract beyond the December 30 deadline. At the same time, it was also revealed that labor and management tentatively agreed on how to handle container royalty…
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Client Alert We have been informed by the Port Authority of NY/NJ that, "under the auspices of the Federal Mediation & Conciliation Service that the USMX and the ILA have agreed to a 30-day contract extension to midnight January 28, 2013." As a result, the container terminals in the Port of New York & New…
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Client Alert Despite the break down in contract talks last week between the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX), there is still some hope of a possible resolution between the parties. Federal mediators announced that both sides agreed to meet once last time before the contract expires on December 29. As…
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It’s true: U.S. Customs will increase the informal entry value limit from $2000 to $2500 on January 7, 2013. To understand why this is good news for importers, you must first understand the difference between a formal and informal entry. A formal entry is required for imported merchandise valued at over $2000. For this type…
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Reduce the chances of child/forced labor in your supply chain. Use the Department of Labor's new toolkit to start building your company's social compliance system. The Reducing Child Labor & Forced Labor Toolkit was created specifically for companies wanting to put a social compliance system in place. Focused on practices for companies that produce goods, rather…
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