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Does a Foreign Firm (Buyer) Need to Identify Itself as an FPPI When Dealing With a U.S. (Seller) in a Routed Transaction When There Is No Actual Selling of the Equipment, but the Equipment Is Leased for a Limited Amount of Time (Less Than 6 Months) and then Returned to the U.S?
DOES A FOREIGN FIRM (BUYER) NEED TO IDENTIFY AS AN FPPI WHEN DEALING WITH A U.S. (SELLER) IN A ROUTED TRANSACTION WHEN THERE IS NO ACTUAL SELLING OF THE EQUIPMENT, BUT THE EQUIPMENT IS LEASED FOR A LIMITED AMOUNT OF TIME (LESS THAN 6 MONTHS) AND THEN RETURNED TO THE U.S.? The foreign firm (buyer) must identify both a U.S. Principal Party in Interest (USPPI) and a Foreign Principal Party in Interest (FPPI) on the Electronic Export Information (EEI) [...]
What Are Some Strategies For Reducing Supply Chain Carbon Emissions?
Taking action to reduce emissions within your supply chain can be a challenging but critical part of reaching your emission reduction targets. The following are some initial strategies you can implement to reduce your carbon footprint: TRANSPORTATION & LOGISTICS One of the biggest sources of emissions can be transportation. Companies can work to reduce emissions by… Increasing efficiencies (consolidating shipments) Choosing low-carbon transportation options Route optimization PROCUREMENT PROCESS Many of the emissions within your value chain are “owned” by [...]
What Is the Difference Between Sustainability and ESG?
WHAT IS THE DIFFERENCE BETWEEN SUSTAINABILITY AND ESG? Sustainability and environmental, social, and governance (ESG) are separate but related concepts referring to how a company’s work impacts the world around it. Companies are “sustainable” when their operations and practices are designed to have a lower impact on society and the environment. Companies are addressing “ESG” when they are implementing initiatives designed to meet specific goals in the areas of environment, social impact, and governance. SUSTAINABILITY Sustainability is a broad [...]
What Is Human Rights Due Diligence and Why Does It Matter to U.S. Importers?
As a company, when you import a product into the United States you bear a certain amount of responsibility for everything that has gone into the process of getting that product to market. This includes being aware of whether forced labor or human rights abuses occurred at any point during the supply chain up to that point. Regulations in place in the U.S. and elsewhere require companies to comply with certain standards when it comes to human rights and [...]
What Is Supply Chain Sustainability and Why Is It Important?
WHAT IS SUPPLY CHAIN SUSTAINABILITY AND WHY IS IT IMPORTANT? Sustainability is critical for improving quality of life and protecting the environment for the future. Implementing sustainable processes and objectives in a supply chain is important for upholding three key responsibilities for the long-term growth and success of a company. SOCIAL RESPONSIBILITIES Government regulations regarding sustainability in a supply chain require mandatory compliance by the company. It is also recognized by customers and potential clients, which enhances the credibility [...]
What Do I Need To Know About the Upcoming SEC Regulations on GHG Emissions and How Might It Affect My Company’s Operations?
WHAT DO I NEED TO KNOW ABOUT THE UPCOMING SEC REGULATIONS ON GHG EMISSIONS AND HOW MIGHT IT AFFECT MY COMPANY’S OPERATIONS? Earlier this year, the U.S. Securities and Exchange Commission (SEC) proposed a new rule designed to enhance how companies disclose potential climate-related impacts on their business. This comes at a time when an increasing number of investors are expressing concern about climate risk for the businesses they invest in. The proposed rule will require all publicly held [...]
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