Brooklyn Resident and 2 Russian Nationals Arrested for Illegally Exporting to Russia Brooklyn Resident and Two Russian Nationals Arrested in Connection with Scheme to Illegally Export Controlled Technology to Russia. Defendants Used Brooklyn-Based Front Companies to Procure Sophisticated Military and Satellite Technology on Behalf of Russian End-Users. From DOJ: The … [Read more...]
Routed Export Transactions
Routed Export Transactions Defining, clarifying, and understanding routed export transactions. What is a routed export transaction? The Foreign Trade Regulations (FTR) defines a routed export transaction as, “an export transaction in which the foreign principal party in interest (FPPI) authorizes a U. S. agent to facilitate the export of a shipment from the U. S. and … [Read more...]
2017 – What is coming?
2017 - What is coming? Here are a few topics for 2017: Ocean shippers - several topics ACE - January deployment postponement Mexico City - official change For ocean shippers in 2017 (from JOC): “2016 was one of the wildest years in container shipping history. Within one year, the industry witnessed the largest bankruptcy in liner history with Hanjin Shipping, … [Read more...]
Happy Holidays
Happy Holidays Season's Greetings to you and Best Wishes for a Happy New Year!! ~From your friends at Superior Freight Services, Inc. Click here to see December 2016 newsletter … [Read more...]
OFAC Reports $5.9 Million Penalty for Violation of Sanctions
OFAC Reports $5.9 Million Penalty for Violation of Sanctions The Office of Foreign Assets Control [OFAC] reported National Oilwell Varco,Inc., a Delaware corporation, and two subsidiaries have agreed to pay $5.98 million to settle their potential civil liability for apparent violations of the Cuban Assets Control Regulations, the Iranian Transactions and Sanctions … [Read more...]