Dutch Company Agrees to Pay $10.5 Million Penalty to Settle Charges Involving Illegal Exports & Reexports to Iran and Sudan The U.S. Department of Commerce's Bureau of Industry and Security (BIS), Office of Export Enforcement (OEE), announced that Fokker Services B.V. ("Fokker Services"), a Netherlands-based aerospace services provider, has agreed to a $10.5 million civil … [Read more...]
ACE: Fourth Phase Set for July 23
ACE: Fourth Phase Set for July 23 U.S. Customs and Border Protection has announced that on July 23rd the the fourth phase of the transition will take place from the Automated Commercial System (ACS) to the Automated Commercial Environment (ACE). Effective: July 23, 2016. ACE will be the sole CBP-authorized EDI system for processing electronic entry and entry summary … [Read more...]
UPDATE: For SOLAS – Verified Gross Mass
UPDATE: For SOLAS - Verified Gross Mass From IMO (International Maritime Organization): An MSC circular on Advice to Administrations, port State control authorities, companies, port terminals and masters regarding the SOLAS requirements for verified gross mass of packed containers has been agreed by the Maritime Safety Committee (MSC) of the IMO, following discussion on … [Read more...]
Export Classification & Licensing
Export Classification & Licensing To verify as to whether or not authorization is required to export is determined by the following criteria in the transaction: 1) what is the ECCN of the item 2) where it is going 3) who is the end-user 4) what is the end-use. While the majority of U.S. commercial exports do not require a license, the first step in this … [Read more...]
Import & Export Trade Compliance: Building an Effective Corporate Program
Import & Export Trade Compliance: Building an Effective Corporate Program What is Import and Export Compliance? Adhering to government regulations that apply to the transfer of Goods, Services, and Technology between countries: Who can you trade with What you can trade Where you can trade How you can trade Protecting and collecting … [Read more...]