8 years - Export Privileges Denied for Terand/Anders The Bureau of Industry and Security (BIS) issued an order suspending for eight years the export privileges of a company, Terand, Inc., and and its president, Walter Anders. They are charged with causing and/or aiding the export of U.S.-origin T300 carbon fiber to Singapore without the required license. This product is … [Read more...]
October Newsletter
October Newsletter ⇒UPDATES ON HANJIN SHIPPING Hanjin – Update ⇒Reminder: DCS Changing Destination Control Statements (DCS) Changing - →Effective 11-15-2016 PER BIS & STATE DEPT ⇒Risk Assessment TRADE COMPLIANCE: RISK ASSESSMENT →Analyzing threats & knowing your … [Read more...]
TRADE COMPLIANCE: RISK ASSESSMENT
TRADE COMPLIANCE: RISK ASSESSMENT Risk Assessment is analyzing external threats against company procedures to identify where vulnerabilities exist and what procedures can be implemented or improved to reduce risk. First thing to do is understanding your business: What do you ship, how do you ship, where do you ship to, where to you ship from and to whom do you … [Read more...]
Update: Hanjin
Update: Hanjin Hanjin Shipping in talks to sell Long Beach Terminal stake to MSC | from Reuters Hanjin Shipping Co Ltd is in talks to sell its stake in the Long Beach Terminal in California to Geneva-based Mediterranean Shipping Company S.A.(MSC), a spokesman for the Seoul court overseeing the shipper's receivership said on Friday. Hanjin Shipping owns a 54 … [Read more...]
R & A International Charged $500K for Export Control Violations
R & A International Charged $500K for Export Control Violations BIS entered into a Settlement Agreement with R&A International Trading Inc. doing business as (d/b/a) R&A International Logistics and RU.K.hansa Kadri a/k/a Roxanne Kadri for four alleged violations of the Export Administration Regulations (EAR). The violations … [Read more...]