We’ve all heard of identity theft, and the first thought that comes to mind is having our personal identity stolen. Yet, there are other kinds of identity theft. Many do not realize that corporate identity theft is an issue on the rise. In particular, reputable importers, who are well known to the public, are having…
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Have you ever encountered this scenario? “My container arrived and the cargo inside is wet. There are no holes in the container and the interior stinks of mold and mildew. It also looks like it’s raining from the ceiling of the container. How did this happen?” If your container was loaded in a tropical environment,…
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One common misconception among U.S. importers is that they don’t have to worry about what’s on their commercial invoice and other import documentation. These importers will often neglect to provide their Customs broker with a truly complete product description or accurate country of origin because they don’t think they have to sweat the details. What…
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Insuring cargo for international transport is very different from other forms of property insurance. There is an entire body of law, known as Admiralty Law, that has evolved around marine transportation. The coverage found in a marine cargo policy (which also covers international shipments by air) is written to insure against the many perils that…
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In 2012, an explosion at a resin plant in Germany shut down production of nearly half the world’s supply of a critical polymer used in automotive fuel and brake lines, sending auto manufacturers scrambling to identify and qualify alternate sources (1). In 2011, a tsunami and nuclear disaster in Japan forced the shutdown of nearly…
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More and more U.S. companies are using Foreign Trade Zones (FTZ) to better manage their global supply chain costs. Here are seven advantages that showcase FTZ as a competitive alternative to a domestic distribution center. 1. Duty Deferral. Duties are only paid when imported merchandise enters U.S. Customs territory. Goods may be held in an FTZ indefinitely and…
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Finding out that the government wants to do an end-use check on your export is a lot like finding out that you’re being audited by the IRS. Anxiety begins to take over. You may ask yourself, what did I do wrong? The reality of the situation is that you may have been selected at random,…
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One afternoon I get a phone call from a frantic export client who is desperate to meet with me. He’s just been informed by the Bureau of Industry and Security (BIS) that he’s being penalized $250,000 for failing to do proper export screening. He tells me that the Bureau has made a huge mistake. His…
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The client is a leading U.S. garment importer with distribution facilities in Oklahoma and California. The company currently imports from over 14 countries. Client Challenge Mohawk Global Trade Advisors (MGTA) was introduced to the garment importer as a supply chain consultant and was tasked with uncovering gaps in their supply chain, evaluating their logistics providers,…
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AES filings are critical in that they not only convey to the government what has been exported from the country but also who exported the goods, where they were exported, the value of those goods, and who received the goods overseas. All of these details are critical pieces of information that by law, must be filed…
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