How much Cargo can I load in my container? Will my goods fit in a container? These are a couple of questions I am frequently asked by customers. There is specific software available from multiple companies that show you complete load plans of cargo once you enter all the freight information such as pieces, weight and dimensions. However, for a company that does not … [Read more...]
Chinese VAT Tax Confusion
Lack of clarity of the new Chinese VAT Tax implemented on August 1st, 2013 is causing mounting frustration for Shippers & Freight Forwarders. Since the laws are so vague, many carriers are interpreting them differently and billing VAT to shippers/forwarders based on their interpretation causing inconsistency with the carriers. In addition it is making it very difficult to … [Read more...]
REMINDER: Customs ISF Penalty Enforcement effective July 9, 2013
REMINDER: Starting with Importer Security Filings (ISF) due on or after July 9, 2013, US Customs and Border Protection (CBP) will begin to use liquidated damages as an enforcement tool for compliance. The IMPORTER (not the shipper! ) is held responsible for filing ISF data on time and correctly. Possible ISF penalties (liquidated damages) can be incurred when the ISF is … [Read more...]
Minnesota adds Trade Office in Dusseldorf-Cologne Germany
Minnesota is opening a Trade Office in the Dusseldorf-Cologne area of Germany to help increase Export opportunities. This news was announced yesterday by Minnesota Officials. Germany was Minnesota's 5th largest trading partner in 2012, accounting for approx $728 million in sales. There are 2 more locations in the works. “As Minnesota continues to compete on a global … [Read more...]
How do I keep my Import records confidential?
Did you know that there are Public Records of all your Imports? Your Company name, the Factory your purchased from, the Quantity and the Commodity are all accessible on public record. These records are compiled by U.S. Customs in the Automated Manifest System (AMS). A person or business can access this data and see your business name, the name of the factory overseas you … [Read more...]