Customs and Border Protection on June 17th announced a change to how they are handling ISF penalties and it gives individual ports the authority to take action directly for violation of the agency’s Importer Security Filing (ISF) requirements. The ISF (or ’10 + 2′) filing requirements mandates that an importer provide Customs with ten data… Read more »
(Pictured above: the skyline of Hanoi, Vietnam) Vietnam is poised to become one of the stand-out success stories of the Trans-Pacific Partnership, with exports growing 11 percent, or $36 billion dollars over the first decade. With very low labor costs, the removal of import tariffs from the US and Japan, Vietnam also expects a 50%… Read more »
Ocean freight shippers are coming to learn two new acronyms along with the alphabet soup of others in their vocabulary owing to a new requirement for containers for containers worldwide beginning July 1st. SOLAS SOLAS stands for Safety of Life At Sea Convention and it is a Committee of the International Maritime Organization charged with keeping… Read more »
(Photo credit: Flickr user TechStage, CC By 2.0) The Consumer Product Safety Commission has intensified their investigation into the safety of so-called hover boards, or battery-powered devices that are steered by balance. Admittedly, they don’t really hover, and if you’re looking for a great way to describe them, think of them like a Segway without the manual controls…. Read more »
(Photo Credit Flickr User Frans Berkelaar, CC BY 2.0) 2015 is coming to a close with two notable consolidations in the ocean carrier business; COSCO is purchasing China Shipping and CMA-CGM is purchasing NOL and their liner subsidiary, APL, for $2.2 billion. COSCO has announced that China Shipping will exit the liner shipping business (read:… Read more »