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Are Shipping Carriers Spacing Out?

Posted on October 18, 2017
Category: Freight Market, Shipping News
The freight industry converged in Shenzhen, China last week for the annual TPM Asia Conference, sponsored by IHS Markit’s JOC.  Carriers, industry experts, and beneficial cargo owners (BCO) paneled to answer some tough questions surrounding the current peak season and ramifications for the long-term ocean freight market. To most, 2017 seemed like the year of the ocean carrier.  Consolidation of financially unstable providers and the creation of vessel sharing agreements (VSA) should have resulted in
As the Atlantic hurricane season passes the halfway mark, U.S. shippers are only gearing up to feel the economic impact of these ravaging storms. In August, Irma became the strongest hurricane ever to make landfall in the Atlantic basin, while 2017 altogether featured four hurricanes (Harvey, Irma, Maria, and Nate) that made landfall in the overall United States. Unfortunately, these incredible atmospheric forces come with devastating impact to people, communities, and economies.  For U.S. shippers,
Periodic Monthly Statements (PMS) is a feature of the Automated Commercial Environment (ACE) that streamlines the payment and collection of Customs duties and fees. PMS consolidates eligible shipments and allows them to be paid on a monthly basis. There are 6 key advantages for importers taking advantage of the PMS program: Consolidating individual entry summaries, allowing them to be paid as late as the 15th working day of the following month; More working capital! By

Shining a Light on FDA LED Requirements

Posted on October 2, 2017
Category: Customs & Compliance
The International Trade Commission (ITC) has recently issued guidance to address confusion regarding entry reporting requirements for LED lights and products containing LEDs. LED products are radiation emitting devices that emit visible radiation and fall under the jurisdiction of the Food & Drug Administration (FDA) per the 21 CFR 1000.3 (a) Accidental Radiation Occurrence reporting requirement and regulations. Current FDA guidelines regarding LED lights and illuminating products cover: Types of LED Lights under FDA General
Effective November 1st, 2017, U.S. Customs and Border Protection (CBP) will begin penalizing any documented violations of wood packing materials regulations, eliminating its previous mandate allowing up to five violations prior to taking action. Each violation will result in a penalty and the annual reset of violations has been eliminated. Dangers of Untreated WPM The introduction of exotic wood pests can lead to serious environmental impact if preventative measures are not put in place: Detrimental