Exports: Determining Value & License Value Did you know that the requirements for filing licensed goods in the Automated Export System (AES) recently changed? In addition to reporting the value, you are required to report license value in the AES. How to determine value and license value to ensure you avoid costly mistakes? From Global Reach Value vs. License … [Read more...]
Order Waiving Remainder of Denial Order Period
Order Waiving Remainder of Denial Order Period Fiber Materials, Inc. (FMI) of Biddeford, Maine, was issued an order denying export privileges by the BIS (Bureau of Industry & Security) in March of 2007. The denial order was based on FMI's criminal conviction for violating the Act by knowingly exporting and causing to be exported from the USA to India a component, … [Read more...]
Company Fined for Anti-Boycott Violations
Company Fined for Anti-Boycott Violations With two specific charges imposed by the BIS (Bureau of Industry & Security), a New Jersey company - Infinova Corporation, committed six violations of the Anti-Boycott Regulations in connection with shipments to United Arab Emirates: One Violation of 15 CFR: 760.2(d) - Furnishing Information about Business Relationships with … [Read more...]
2014 Highlights!
Here are some of the logistics highlights of 2014: West Coast Ports and more! West Coast Ports Far and away the West Coast Ports have highlighted logistics and other news in 2014 and will continue into 2015! Starting with the concerns before negotiations started with PMA and union: 2014 Pending West Coast Dock Strike The talks begin: West Coast Port 2014 Contract Talks … [Read more...]
New Standard Language on BIS Licenses
New Standard Language on BIS Licenses From BIS [Bureau of Industry & Security]: Starting on December 8, 2014, a new notice will appear on all validated licenses issued by the BIS. The notice will inform exporters of the scope of the license authorization and will read as follows: "Unless limited by a condition set forth below, the export, reexport or transfer … [Read more...]