Will the Government Shutdown Affect My Freight?
…affected ACE portal setup, help, and other administrative aspects of Customs. According to Customs, there may be mild to moderate delays in transaction processing at some ports. FDA 6,620 employees…
Why We’re Developing an Inland Container Port
…Provides a secure yard where high value goods can be staged Attracts distribution centers, export warehouse operations, truck to rail conversion, container freight station, cross docking, agricultural operations, and more…
Reasons Not to Use DDP
…1. VAT (Value Added Tax) DDP assigns the seller/exporter the responsibility of paying the VAT (although this can be changed with consent of buyer and seller). Value Added Tax can…
China Adds 6% VAT
The government of China recently announced a new value added tax (VAT). Beginning August 1, a 6% VAT will be levied on top of every local charge in China. This…
We’ll Never Get Caught
…an export compliance program, could face the following penalties per violation: Criminal−fines up to $1 million and/or 20 years in prison Civil−$250,000 or 2x the transaction’s value Here are some…
Mohawk Global Logistics Acquires OEC Freight Chicago
FOR IMMEDIATE RELEASE BENSENVILLE, ILLINOIS, 16 APRIL 2013—Mohawk Global Logistics announces the acquisition of a Chicago competitor, OEC Freight Chicago Inc. Financial terms of the transaction were not disclosed. The…
Don’t Overlook Reasonable Care
…you should be able to prove to Customs that you provided and obtained the right information to meet these regulatory standards. Is there a right way to manage my reasonable…
If My Cargo Is Not Adequately Insured, What Is My Exposure?
…transactional policy. Importers and exporters are cautioned to assess the risks and evaluate for adequate marine coverage. General Average A good example of an arcane concept fully covered by only…
Good News: Customs Increases Informal Entry Value Limit
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…
Who Passed the Customs Broker Exam?
…listed in the following amounts: ocean freight $2,000, and marine insurance $1,850. What is the transaction value of the merchandise? A $76,150,000 B. $80,000,000 C. $96,150,000 D. $100,250,000 E. $100,500,000…