Happy Holidays Season's Greetings to you and Best Wishes for a Happy New Year!! ~From your friends at Superior Freight Services, Inc. Click here to see December 2016 newsletter … [Read more...]
OFAC Reports $5.9 Million Penalty for Violation of Sanctions
OFAC Reports $5.9 Million Penalty for Violation of Sanctions The Office of Foreign Assets Control [OFAC] reported National Oilwell Varco,Inc., a Delaware corporation, and two subsidiaries have agreed to pay $5.98 million to settle their potential civil liability for apparent violations of the Cuban Assets Control Regulations, the Iranian Transactions and Sanctions … [Read more...]
NAFTA: Some Practical Advice
NAFTA: Some Practical Advice From the Global Training Center Blog: It is always good to review current policies and procedures - then should remember the following: NAFTA is a voluntary program~ While there are incentives for participation, there are also good reasons to opt out. Check the duty rates in the destination country. For example, if you are shipping … [Read more...]
Panama Canal Expansion is Completed in 2016!
Panama Canal Expansion is Completed in 2016! A huge 984-foot 'Cosco Shipping Panama' carrying 9,472 containers completed the first official voyage on June 26th (2016) through the new expanded massive locks of the Panama Canal. The $5.4 billion project to expand the 102-year-old canal took almost 10 years and 40,000 workers to complete. The new set of locks now allows … [Read more...]
Brooklyn Resident and Two Russian Nationals Arrested in Connection with Scheme to Illegally Export Controlled Technology to Russia
Brooklyn Resident and Two Russian Nationals Arrested in Connection with Scheme to Illegally Export Controlled Technology to Russia From DOJ: Defendants Used Brooklyn-Based Front Companies to Procure Sophisticated Military and Satellite Technology on Behalf of Russian End-Users Alexey Barysheff of Brooklyn, New York, a naturalized citizen of the United States, was … [Read more...]