On March 31, the Treasury Department released The Notice of Proposed Rulemaking (NPRM), providing guidance on new clean vehicle credits under The Inflation Reduction Act of 2022. The Inflation Reduction Act of 2022: Amended a tax credit for new clean vehicles purchased, either a plug-in electric vehicle (EV) or fuel [...]
MAJOR LINES TO CEASE CHARGING CONTAINER STORAGE FEES WHEN TERMINALS ARE INACCESSIBLE Major container lines are revising their detention and demurrage fees as the Federal Maritime Commission (FMC) considers container storage rules changes. The Ocean Shipping Reform Act of 2022 (OSRA-22) mandated FMC evaluate rule changes for detention [...]
CUSTOMS BORDER PROTECTION TO CEASE SECTION 232 ALUMINUM FILING EXTENSIONS Customs Border Protections (CBP) announced the end of Section 232 Aluminum Filing Requirements extensions after May 10, 2023 during a recent National Customs Brokers & Forwarders Association of America webinar. CBP officials indicated that the Agency does not "anticipate additional [...]
The Pacific Maritime Association (PMA) issued a notice to shippers advising negative impact to terminal operations at the Los Angeles and Long Beach ports, stating Local 13 International Longshore and Warehouse Union (ILWU) is withholding labor leading to work stoppages. “A majority of the jobs for last night’s shift went [...]
WEEKLY FREIGHT MARKET UPDATE Green Worldwide Shipping's Freight Market Update covers port information, import and export news, vessel wait time and cargo vessels at major ports & more. For continuous updates, make sure to check out our website at greenworldwide.com. As Green continues to monitor international [...]
IMPORTERS MUST ACCOUNT FOR ORIGIN - SECTIONS 301 & 232 LIABILITY U.S. Customs and Border Protection (CBP) recently ruled that importers must consider the country of origin of imported parts to account for potential Section 301 and Section 232 duties. Importers “must apportion the assists provided to the foreign [...]
On March 30, 2023, Customs Border Protections (CBP) announced plans to delay new entry summary requirements to report countries of smelt and cast for imports of aluminum and aluminum derivates by 30 days allowing, "time for the trade to update their software programming and systems to comply with these new [...]
WEEKLY FREIGHT MARKET UPDATE Green Worldwide Shipping's Freight Market Update covers port information, import and export news, vessel wait time and cargo vessels at major ports & more. For continuous updates, make sure to check out our website at greenworldwide.com. As Green continues to monitor international [...]
STOPPING FORCED LABOR IN THE SUPPLY CHAIN U.S. Customs and Border Protection (CBP) released a new CTPAT Alert this week specifying what CTPAT members must do to comply with the new forced labor requirements that took effect on January 1, 2023 which includes documenting the threat of forced labor [...]
Delays at the Los Angeles and Long Beach (LA-LB) ports have taken place over the last week, according to the Pacific Maritime Association (PMA). MEAL BREAKS CAUSE DELAYS AT LA-LB PORTS In response to the continuous negotiations between PMA and Local 13 of the International Longshore and Warehouse Union (ILWU) [...]
