For US Importers - GSP Reinstated by Congress??? Legislation was introduced that would reinstate the GSP (Generalized System of Preferences) program through December 31, 2017 and allow for duty refunds to eligible products imported while the program was suspended. The GSP program reduces tariffs on imports from nearly 130 countries and expired on July 31, 2013. American … [Read more...]
Incoterms 2010 Revisited
Incoterms 2010 Revisited We previously published an Incoterms Overview - A simple detailed guide to understanding Incoterms that includes images and charts. It explains the what & why as well as the letter's for each category of Incoterms - C, F, E, & D. The timing of Incoterms 2010 -> This latest version was launched in September 2010 but went into effect on … [Read more...]
C-TPAT: Launching the Delayed Deployment of Portal 2.0 Phase II on May 30, 2015
C-TPAT: Launching the Delayed Deployment of Portal 2.0 Phase II on May 30, 2015 C-TPAT will be launching the delayed deployment of Portal 2.0 Phase II, the next step in the new C-TPAT account management tool, on May 30, 2015. During the deployment, the system will be unavailable, from approximately 3:00 p.m. Saturday, May 30, 2015 to 3:00 a.m. Sunday, May 31, 2015. Data … [Read more...]
IATA: Air Freight Shows Modest Growth for March 2015
IATA: Air Freight Shows Modest Growth for March 2015 The International Air Transport Association (IATA) released data for global air freight markets, showing a modest 1.6% rise in volumes in March compared to a year ago. The March performance stands in contrast to the strong 12.2% rise reported for February. However, February’s performance, was skewed positively by the … [Read more...]
Full ISF Enforcement Begins May 14, 2015
Full ISF Enforcement Begins May 14, 2015.. This Wednesday May 13th will mark the end of the “three-strikes" phase approach to ISF enforcement. The 12-month three-strike phase (limited liquidated damage - LD), also called “informed compliance outreach”, was created to better focus on repeat offenders and identify regions and ports with lower rates of compliance. Here is a … [Read more...]