Here’s a sneak peek at one of the handouts from our upcoming seminar,Effective duty deferral, avoidance, and recovery strategies. Making use of a bonded warehouse or foreign trade zone are two strategies that we will be covering during this seminar. Let’s compare: Bonded Warehouse (BW) vs. Foreign Trade Zone (FTZ) Duty based on (BW) Value…
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The Ports of Los Angeles and Long Beach will increase the Traffic Mitigation Fee by $1.50 per 20-foot equivalent unit (TEU) beginning on August 1. The increase will bring current fee levels to $61.50 (20' containers) and $123 (40' containers). Last August, marine terminal operators announced that they would begin increasing the Traffic Mitigation Fee…
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Client Alert Trans-Pacific ocean carriers have announced a bunker fuel surcharge, effective July 1, for Asia to U.S. and Canada trade lanes. We've listed the increases below. All amounts are in USD. If you have questions about this alert, please contact your Mohawk customer representative. Via West Coast Ports Current New (7/1) Net Increase 20'…
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The cross-border trucking pilot program that allows designated Mexican carriers to make deliveries across the U.S. border is suffering from low participation, according to senior officials at the U.S. Department of Transportation. As of May 13, only three Mexican carriers, each consisting of single truck and driver, have made an underwhelming 35 trips across the…
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May 15, 2012 was a good day for U.S. exporters. It was the day the U.S.-Colombia Free Trade Agreement went into effect, giving thousands of exporters new trade opportunities available at reduced tariff rates. The Agreement gives duty-free status to over 80% of U.S. consumer and industrial goods exported to Colombia, with remaining tariffs eliminated…
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Much has been written recently about the phenomenon of reshoring, the practice of bringing offshored manufacturing and sourcing work back to the U.S from abroad. In fact, an entirely new and often confusing vocabulary has developed around this subject. Terms such as outsourcing, offshoring, reshoring, nearshoring, and even resourcing are freely tossed about in articles…
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Client Alert Trans-Pacific ocean carriers have announced a Peak Season Surcharge, effective June 10, for containers moving from East Asia to all U.S. and Canada destinations. We've listed the increases below. All amounts are in USD. To all U.S. and Canada destinations $480 per 20ft $600 per 40ft $675 per 40ft HC $760 per 45ft…
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Client Alert The General Rate Increase for May 1 has been postponed. Mohawk will continue to monitor the situation and advise of any changes. If you have questions about this alert, please contact your Mohawk customer representative.
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It's official: U.S. Customs plans to open C-TPAT to exporters. At a recent trade conference in Newport, RI, a C-TPAT official revealed that Customs is planning on creating an export component to accompany the import based security program. (Source) Though still in its early stages, Customs is working towards the goal of establishing mutual recognition for…
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If your goods are subject to antidumping duties, you’re going to want to check out a new guide on Customs and Border Protection’s website. This must-read publication explains how to submit a non-reimbursement certificate on time so you don’t pay antidumping duties twice. Importers can submit this certificate on paper or electronically via the Automated…
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