by Rahul Goyal | Apr 17, 2019 | Ocean Logistics
Trans-Pacific Trade Contract Rates Increased by 20 percent. Freight rates for annual ocean carrier contracts increased 20% in the trans Pacific trade in recent negotiations conducted by the largest US Importers. They are signing the contracts at about $2250 and $1250...
by Rahul Goyal | Apr 4, 2019 | Uncategorized
How to know if your product is duty free or has reduced duties under the MTB Act of 2018? The Miscellaneous Tariff Bill (MTB) ACT of 2018 was signed and approved into law on Sept 13th 2018. The purpose of the law is to reduce or suspend duty rates for imports of...
by Rahul Goyal | Mar 19, 2019 | Import Compliance, USITC
How to determine Exemption Products from Section 301 Duty The USTR (United State Trade Representative) announced a list of exempted products from the section 301 China tariff, list no. 3. List 3 has 984 individual products exempted for the tariff. The list includes...
by Rahul Goyal | Mar 13, 2019 | Incoterms
Proposed Changes to expect in Incoterms 2020 The International Chamber of Commerce (ICC) has drafted proposed changes to the new Incoterms 2020. Incoterms (International Commercial Terms) were first developed by the ICC in 1936 in attempt to simplify communication...
by Rahul Goyal | Mar 8, 2019 | Import Compliance
President Trump announced removal of India and Turkey from GSP US President Donald Trump announced his Intent to revoke India and Turkey from Generalized System of Preferences (GSP) on March 4th. GSP is preferential tariff system which provides reduced tariff rates...
by Rahul Goyal | Mar 6, 2019 | Uncategorized
United Cargo has announced on 5th March2019 that they would not accept new bookings for shipments to or through Chhatrapati Shivaji International Airport in Mumbai, India (BOM) or Indira Gandhi International Airport in Delhi, India (DEL). They will continue to accept...
by Rahul Goyal | Feb 28, 2019 | Uncategorized
Due to tensions with India, Pakistan airspace remains closed on Thursday morning. Pakistani airspace is currently closed to all traffic. This has resulted in disruption of thousands of flights worldwide. Many Airlines have announced the suspension of their flights...
by Rahul Goyal | Feb 21, 2019 | Uncategorized
US Govt. Announces the Exclusions of Certain Chinese Products from Section 301 United States Trade Representative (the “USTR”) has granted exclusion from Section 301 of List 3 products of China. When the US President Trump signed legislation avoiding a...
by Bengt Reed Anderson | Feb 4, 2019 | Uncategorized
2019 US Customs and Border Protection Harmonized Tariff Schedule Released The United States International Trade Commission (USTIC) has released the 2019 Harmonized Tariff Schedule that went into effect January 1, 2019. To access the latest version, please...
by Bengt Reed Anderson | Jan 30, 2019 | Export Compliance
There have been Significant Changes to the 2019 IATA Dangerous Goods Regulations. The 60th edition of the IATA Dangerous Goods Regulations incorporates all amendments made by the IATA Dangerous Goods Board and includes addenda issued by ICAO to the 2018–2019 edition...
