Food and Beverage importers who agree to purchase shipments of goods in the future may be putting themselves at risk of profit loss, depending on how foreign exchange rates fluctuate over time. A U.S. wine importer, who sells to domestic retailers at a set price, may [...]
Ground service providers are responding to the enormous bottleneck at Chicago O'Hare by permanently transferring some warehouse operations outside the property, thereby expanding capacity. Adding supplemental facilities further away from the airport goes against the conventional business paradigm of processing loads close to the plane to allow for quick handoffs, [...]
For over two weeks, International Container Terminal (YICT) in Yantian, China has been experiencing severe delays, citing that the impact of both carrier vessel schedules and reported COVID outbreaks, are leading to a supply chain disruption greater than the Suez Canal grounding back in March of this year. Issues have [...]
In March 2020, the Federal Maritime Commission (FMC) initiated an investigation, Fact Finding No. 29: International Ocean Transportation Supply Chain Engagement, in order to identify operational solutions to cargo delivery system challenges related to Coronavirus-19. Fact Finding 29: International Ocean Transportation Supply Chain Engagement SEEKING REPARATION FOR PAYMENT OF UNFAIR DEMURRAGE [...]
On Wednesday, June 2, 2021, the United States Trade Representative (USTR) announced the conclusion of its year-long Section 301 investigations of Austria, India, Italy, Spain, Turkey, and the United Kingdom’s Digital Service Taxes (DSTs). In the final determination, the USTR has decided to impose additional tariffs on certain goods from [...]
Duty drawback is an international compliance program that allows for the refund of Customs duties paid on imported merchandise when the products have been subsequently exported or destroyed. This program was established in 1789 to promote exports by means of offering duty refund when imported merchandise [...]
As an importer of regulated composite wood products, you should ensure that you only purchase compliant wood commodities. You must demonstrate that you have taken reasonable precautions by obtaining bills of lading, invoices, or other comparable documents that include the written statement from the supplier or [...]
