Reasonable care is an explicit responsibility on the part of the importer. Here is the next Reasonable Care checklist. Merchandise Description & Tariff Classification Basic Question: Do you know what you ordered, where it was made, and what it is made of? Have you provided a complete, accurate description of your merchandise to CBP in accordance with 19 … [Read more...]
IRANIAN NATIONAL SENTENCED – EXPORTING US TO IRAN
IRANIAN NATIONAL SENTENCED IN MANHATTAN FEDERAL COURT TO 30 MONTHS IN PRISON FOR CONSPIRING TO EXPORT SATELLITE TECHNOLOGY FROM THE UNITED STATES TO IRAN. Seyed Amin Ghorashi Sarvestani, an Iranian national, was sentenced to 30 months in prison for conspiring to export satellite technology and hardware to Iran from the USA in violation of the International Emergency Economic … [Read more...]
American-US Airways merger challenged by Justice Department
The Justice Department unexpectedly moved to block the merger of American Airlines and US Airways. The lawsuit they filed Tuesday in U.S. District Court in Washington said the American-US Airways deal would go too far and hurt competition because it would leave four airlines controlling more than 80% of the U.S. market. The federal government said it would cause "substantial … [Read more...]
Transportation Disrupted in China & Hong Kong by Typhoon
Typhoon Utor was the world's strongest typhoon of the year before it crossed the Philippines earlier this week. The tropical storm is expected to make landfall somewhere on the western coast of Guangdong province, China, this evening and will pass about 250 kilometers southwest of Hong Kong today. There are multiple air, truck and train services that have been suspended in … [Read more...]
South Dakota ITC Presents TWO Seminars
South Dakota's International Trade Center will host two separate seminars on the same day in Sioux Falls: Incoterms® (Morning Session) - covering both the fundamentals and intricate details Letters of Credit (Afternoon Session) - providing an in-depth review of the uses and structure of letters of credit and how to manage associated costs When: Tuesday, August … [Read more...]