Tentative Deal Reached for U.S. West Coast Ports The ILWU and PMA reached an agreement late on Friday February 20th. After more than nine months of bargaining, there is a contract agreement for five years - though the details of the agreement were not yet available. The contract must be ratified and the process could take several weeks. ILWU President Robert McEllrath … [Read more...]
West Coast Ports: US Labor Secretary Says Reach Deal or Negotiate in DC
West Coast Ports: US Labor Secretary Says Reach Deal or Negotiate in DC From JOC: U.S. Labor Secretary Tom Perez on Thursday told the ILWU and PMA that they have until Friday to reach a contract or they’ll have to negotiate in Washington D.C. Negotiators for the ILWU and the PMA on Friday were separately reviewing the details of the latest contract proposal and … [Read more...]
Denial of Export Privileges
Denial of Export Privileges Maple Pacific Corporation from Mission Viejo, CA was convicted of violating the International Emergency Powers Act (IEEPA). Specifically, Maple Pacific willfully exported and transshipped goods [industrial parts used to maintain equipment in the steel manufacturing industry] from the United States to Iran without obtaining a license or written … [Read more...]
Growth: Air Cargo Ends 2014
Growth: Air Cargo Ends 2014 From IATA (International Air Transport Association): The full-year air cargo data for 2014 shows 4.5% demand growth compared to 2013 measured by freight tonne kilometers (FTKs). That is significant compared to the small increase of 1.4% recorded in 2013 over 2012. The growth in December increased 4.9%, compared to December … [Read more...]
Exports: Determining Value & License Value
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...]