Automated Export System (AES) has a New Data Element From Global Reach: The U.S. Census Bureau published the Final Rule entitled, “Foreign Trade Regulations (FTR): Clarification on Filing Requirements,” April 19. This rule addresses new export reporting requirements related to the International Trade Data System and includes the addition of a new data element, the … [Read more...]
West Coast Contract Extension?
West Coast Contract Extension? The PMA (Pacific Maritime Association) which represents terminal operators and shipping companies at the ports of Los Angeles and Long Beach, has formally proposed a three-year contract extension to the International Longshore and Warehouse Union (ILWU). The current contract expires July 1, 2019. The proposal would be from 2019-2022. From … [Read more...]
Superior Freight Services Celebrates 25 Years!
Superior Freight Services Celebrates 25 Years! On March 1, 2017, Superior Freight Services, Inc. celebrated their 25th Anniversary. From the beginning, the vision was to construct an International logistics company that was focused on a total commitment to exceptional customer service. The goal was to build their business that creates partnerships working as logistics … [Read more...]
ZTE Fined More Than $1 bln for U.S. Sanctions Violations
ZTE Fined More Than $1 bln for U.S. Sanctions Violations Combined Penalty of $1.19 Billion with Department of Commerce and Department of Treasury Actions Shows All of Government Approach to Sanctions Enforcement From Reuters: The Chinese telecoms equipment giant ZTE agreed to pay more than a billion dollars in fines and plead guilty to criminal charges for illegally … [Read more...]
OFAC: $516,000 Penalty for Violating Sanctions on Iran and Cuba
OFAC: $516,000 Penalty for Violating Sanctions on Iran and Cuba The Office of Foreign Assets Control (OFAC - Department of the Treasury) settles with Toronto-Dominion Bank -a financial institution headquartered in Canada has agreed to pay $516,105 to settle potential civil liability for 167 violations of the U.S. sanctions against Iran and Cuba. OFAC has also issued a … [Read more...]