On February 28th, Customs and Border Protection (CBP) issued an update to the January 27th message on trade providing guidance on the new Section 301 modifications, which were made to certain classifications within the US Harmonized Tariff Schedule (HTS). The update stated the new HTS will maintain the duty treatment with respect to actions […]
If you plan on importing or exporting, then you should familiarize yourself with potential problems that you could encounter involving the clearance of merchandise. Ideally, you should always go over the U.S. Customers and Border Protection (CBP) policies and procedures, so you have a basic knowledge of rules and regulations for importing and exporting into […]
Significant sanctions have been placed on Russia by the US in response to their invasion of Ukraine. Categories 3-9 of the Commerce Control List (CCL) goods are subject to license requirements and currently listed under a ‘policy to deny’, effective as of February 24, 2022. This means that carriers can point-blank deny Russian exporters and […]
Sobel is having our quarterly meeting at JFK soon, which includes our other office teams from Miami, Orlando, and Chicago. We’ll be going over sales topics, trends, and what we can expect from the upcoming year. Having our teams get together to build strong internal relationships starts the year off as a cohesive unit with […]
Recently, the American agricultural industry posted their annual export report that showed that 2021 boasted the highest levels ever reported in history. The trade data was published by the Department of Commerce and shows that U.S. farm and food product exports totaled $177 billion, which surpassed 2020’s total by 18 percent and passed even the […]
The Container Dwell Fee has been postponed repeatedly for the Ports of Los Angeles and Long Beach, California, but that may not be the case much longer. Come February 25, 2022, they are planning to reconsider its possible imposition again to get congestion down to a more manageable level. After monitoring the data for a […]
Are you shipping a container of valuable items? Are those items set to be shipped overseas? Imagine the voyage on a container ship. The waves and the weather will have an impact as the cargo is tossed and heaved. Damage can occur. With the standard terms and conditions provided by most freight forwarders and carriers, […]
The supply chain problems seem never-ending, and most forecasts see the chaos continuing into 2023. In the last two years, many have predicted downturns, but with 2022 well underway, container rates, port congestion and ship charter rates are still high. The shipping boom has increased the sale and purchase market for container vessels which have […]
As of last count, there are about six hundred and fifty antidumping and countervailing (AD/CVD) orders in place. With so many, it’s definitely easy to understand why CBP finds a good deal of importers that make errors, or are under misconceptions when filing entries for products carrying AD/CVD. Because of this, there are a few […]
As the COVID19 pandemic swings into the third year, companies are facing soaring rates on ocean freight. Small businesses are in a state of sticker shock. Cargo transport costs remain elevated; many long-term contracts shippers have now signed with container lines. What is Pushing the High Prices? Supply and demand are governing container rates. […]
