February Newsletter: SOLAS & ACE & More UPDATE: IMPORTANT CHANGES FOR 2016: ⇒UPDATE ON ACE! → A staggered approach... → →Includes new timeline ⇒SOLAS - New Container Weighing Regulations → No Delay – Container Weight Rule: 7/1/2016 → How to Meet the Container Weight Mandate Other News: FAA Lithium Batteries Risk Import Violations Export … [Read more...]
BIS: Orders Denying Export Privileges
BIS: Orders Denying Export Privileges This month BIS (Bureau of Industry & Security) issued two orders denying export privileges. Quang Hu, a/k/a/ Johnson Ju was convicted on 7/24/2014 of violating the International Emergency Economic Powers Act by knowingly and willfully conspired, combined, confederated and agreed with other persons known and unknown to cause the … [Read more...]
How to Meet the SOLAS Container Weight Mandate
How to Meet the SOLAS Container Weight Mandate Approximately 20% of containers at any given time are declared in error, and upwards of two-thirds of all cargo claims may be attributed to these declared errors and poor container packing. From 2006 to 2011 alone, an estimated $12.8 million dollars in losses stemmed from these errors of cargo weight. This is the reason the … [Read more...]
Coast Guard: No Delay – Container Weight Rule BUT No Penalties for Shippers
Coast Guard: No Delay Container Weight Rule BUT No Penalties for Shippers From Wall Street Journal: Shippers that fail to properly weigh containers won’t face fines or other charges under a new rule, though they may find their goods left on the docks. U.S. shippers that fail to properly weigh containers won’t face fines or other penalties under a new rule passed by an … [Read more...]
OFAC – Barclays Bank Settlement Agreement for Violations of Zimbabwe Sanctions
OFAC - Barclays Bank Settlement Agreement for Violations of Zimbabwe Sanctions OFAC [U.S. Department of the Treasury’s Office of Foreign Assets Control] announced a $2,485,890 settlement with Barclays Bank Plc (Barclays). Barclays agreed to settle its potential civil liability for 159 apparent violations of the Zimbabwe Sanctions Regulations, 31 C.F.R. Part 541. From July … [Read more...]