Import Export Customs Compliance and Trade News

Trade and customs compliance and regulation news that affect import, export, transportation, logistics, and supply-chain industry and how you do business.
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New China Customs Advance Manifest Rules Effective June 1, 2018

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Effective June 1, 2018, additional manifest-related data must be provided to the Chinese General Administration of Customs China (GACC) for inbound and outbound shipments to China for all modes of transportation. Chinese Customs will require more detailed information including: Shipper’s business registration code and phone number Consignee’s business registration code and phone number, and contact name and phone number For “To order” shipments, notify party’s business registration code and phone number The type of required...
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Import Compliance Basics: 5 Things You Need to Know

Newbies to Trade
By Mikah Wisner, Customs Services Director, DB Schenker If you’ve been tasked with getting your company’s import compliance under control,  these five steps will get you quickly up-to-speed Taking on a new position at an importer usually means sifting through the remnants of your predecessor’s activities and policies and trying to come up with a way to work better, smarter, and faster. These goals aren’t always easy to achieve in the import space, which tends to move quickly...
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What Is LCL Shipping?

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By Rieva Lesonsky Importing products from China is a great way for a small business to diversify their product offerings, stay on top of trends and reduce costs. However, in order to maintain your profit margins, it’s important to understand and manage your shipping costs. Today’s shipping lesson: What is LCL shipping, and how can it benefit your business? LCL shipping vs. FCL shipping When goods are shipped by ocean freight, you have the choice...
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Cuba-U.S. Relations: The Rapprochement Slows Down

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Written by Alejandro E. Moreno | Sheppard, Mullin, Richter & Hampton LLP Soon after Fidel Castro overthrew the government of Cuba to found a communist state in 1959, Cuba began nationalizing U.S-owned properties in Cuba. In response, the U.S. implemented trade restrictions, closed its embassy in Havana, broke official diplomatic relations with Cuba, and attempted to overthrow the Cuban government. The U.S. also declared a trade embargo on Cuba in 1960, which severely hampered the...
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Ecommerce Logistics Costs Set to Rise

Logistics
Ecommerce logistics  costs as a proportion of sales look set to rise in the coming years, driven by an increase in the volume of returns, a higher proportion of premium deliveries, and the cost of labor, according to the findings of an ecommerce logistics survey released by Transport Intelligence. 108 retailers and logistics companies around the world took part in the survey which was conducted over the holiday period in 2017-18. Despite the cost increases...
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Remedy These 5 Bad Practices For Managing Global Freight

GLOBAL FREIGHT
By Phil Marlowe As supply chain professionals, we live in a world of unprecedented connectivity where partners collaborate seamlessly, in real time, to make faster, better decisions on production, inventory and shipping. And then there is global freight management. Here, clerks manually enter shipment data and that data gets shared – as emails, spreadsheets and shipping documents – among factories, freight forwarders and carriers. It’s an appallingly inefficient and manual process that can result in...
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As NAFTA Talks Continue, Your Hamburger Hangs In The Balance

NAFTA HAMBURGER
The Washington Post | By  Caitlin Dewey   Few meals are more American than a burger and fries, the combo McDonald’s made globally famous. But few Americans probably realize how much the affordability of that classic meal depends on a free-trade agreement. French fries from Canada. Tomatoes from Mexico. Beef sourced from a supply chain that crosses all three countries. When it comes to dinner, there's plenty at stake in the North American Free Trade Agreement,...
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U.S. Imports Of Fresh-cut Flowers

IMPORT FLOWERS
U.S. imports of Fresh-cut flowers increased 5 percent from $1.05 billion to $1.1 billion through the first 11 months of 2017 when compared to the same period the previous year, according to WorldCity analysis of the latest U.S. Census Bureau data. The category ranked 279 through November among the roughly 1,265 import commodity groupings as classified by Census. It ranked No. 271 for the last full year with a total value of $1.13 billion, a...
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Incoterms 2010: How To Use Them In A Contract

CONTRACT INCOTERMS
By Simon Minett Common errors made by importers and/or exporters in the use of Incoterms in contracts  Despite the fact that Incoterms were developed to simplify international transactions and to make their application in international trade more precise, there are still a number of reasons why they often fail to achieve their intended purpose. In most cases, it is due to lack of knowledge of the terms as well as inaccuracy and even too little...
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Chocolate Exporters by Country

CHOCOLATE EXPORT
Global sales from chocolate exports by country amounted to US$26.4 billion in 2016. Overall, the value of chocolate exports were up by an average 10.6% for all exporting countries since 2012 when chocolate shipments were valued at $23.9 billion. Year over year, the value of exported chocolate increased by 2.8% from 2012 to 2016. Among continents, European countries accounted for the highest dollar in chocolate exports during 2016 with shipments amounting to $19.3 billion or...
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US Company Settles Whistleblower Lawsuit, Pays for Importer’s Customs Fraud

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Prosecution a Warning to US Companies That Source Goods From Abroad Written by Mark Strauss Federal prosecutors in New York recently  announced the settlement  of a remarkable lawsuit relating to a scheme to evade import duties. The case involved an importer’s undervaluation of apparel to pay less duties than were really owed. The settlement that prosecutors reached, however, was not with the importer, but its customer. Notations, Inc., a Pennsylvania womenswear wholesaler, agreed to pay...
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Ten Supply-Chain Predictions for 2018

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By Global Trade A new report from the market research firm  IDC , “IDC FutureScape: Worldwide Supply Chain 2018 Predictions,”  posits that  digital transformation  (DX) is the key overriding theme in IDC’s worldwide supply chain top 10 predictions for 2018, including the impact for supply chain planning, supply chain execution/fulfillment, and procurement and supply chain security. While the predictions largely focus on the near term to midterm (2017–2020), the impact of many of these predictions...
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Your Transportation Management System Can Help Manage the Amazon Effect

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By 3Gtms Lots of supply chains are dealing with the  “Amazon effect,”  which has led consumers to demand lightning-fast (and free) delivery times, last-minute order changes, and 100 percent order accuracy. While initially seen as just a retail problem, these expectations have been extended to the B2B world as well. Managing the Amazon effect requires a host of solutions, but a  transportation management system (TMS)  is often overlooked. A TMS is critical for the execution...
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Managing Global Trade: A Look Beyond the Surface

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In association with KMPG LLC, Thomson Reuters. During the recent years, global trade regulations went from a sleepy niche to a major driver of mainstream news.  In 2016, one major world power withdrew from a historic trade pact and another ditched the European Union.  Figures in many countries used protectionist rhetoric to obtain power.  The possibility of sanctions, “trade wars” and other deployments of soft power increasingly replaced calls for military might. Get The 2017...
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2017 Holiday Planning Guide

HOLIDAY
Retail imports have been on the rise as the industry braces for the busiest time of the year. The National Retail Federation’s (NRF) latest projections call for a 3.6 to 4 percent increase in holiday sales for 2017 over the same period in 2016. That makes for a total of $678.75 billion to $682 billion, up from $655.8 billion last year. Most estimates see e-commerce shopping increasing by as much as 20 percent this year....
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U.S. Customs plans to update CTPAT best practices, minimum-security requirements, and compliance certification

U.S. Customs plans to update CTPAT best practices, minimum-security requirements, and compliance certification
Director of cargo security program outlines current and planned updates at Coalition of New England Companies for Trade annual cargo symposium. The Customs Trade Partnership Against Terrorism , better known as CTPAT, has a new logo, a red, white, and blue globe made of interlocking puzzle pieces. It has new spelling, with no hyphen in its name or acronym anymore, and a new tag line: "Your Supply Chain's Strongest Link." But that's not all that's...
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LCL (Less Than Container Load), or FCL (Full Container Load): That Is the Question

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When 20’ and 40’ full containers make up 90% of all goods shipped around the world, a common question arises with newer shippers: “What if I don’t have enough freight to fill a full container?” In this case, LCL (Less-than-Container-Load) may be right for you. Don’t judge a shipper by their carton count LCL offers shippers with regular smaller shipments the flexibility to move their orders when they’re ready rather than waiting for enough orders...
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Lost Bill Of Lading Requirements & Procedures

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This article is informational and describes requirements if ever found in an unpleasant situation, such as misplacement or loss of the most important document in the shipping industry. As the title suggests, the procedures and requirements surrounding a lost Bill of Lading are both very complex and detailed. Contracts of Carriage are commonly issued in two forms: OBLs (Original Bills of Lading) and Seaway Bills. The lost or destroyed OBL process is not applicable to...
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Five Ways You Can Benefit from the C-TPAT Program

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According to Customs Border Protection (CBP) there are now over 11,000 companies participating in The Customs-Trade Partnership Against Terrorism or C-TPAT, a public-private partnership program implemented in November of 2001 following the September 11 terror attacks. The program is voluntary and continues to gain in popularity, providing real incentives to those importers who join. In 2014 alone the import value of just 4,315 importers enrolled in C-TPAT accounted for 52% of the total merchandise imported into the US....
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C-TPAT Conference 2017

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U.S. Customs and Border Protection is proud to announce the 2017 C-TPAT Conference. The conference will be held in the Detroit Metropolitan Area. Two sessions will be offered: August 29 - 30, 2017 and August 30 - 31, 2017. Both sessions will include a day of workshops and a day of general session. Registration for the 2017 C-TPAT Conference will open August 9, 2017 at 9:00 a.m. EDT. The registration fee is $115.00 U.S. dollars....
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