Many corporate trade compliance departments receive inadequate recognition and support in spite of the highly complex and risk-filled duties they perform.
News & Analysis
18 May 2016
Cuba’s Mariel container terminal has already planned its transformation into a major transshipment hub after the U.S. trade embargo ends, according to TC Mariel General Director Charles Baker.
12 May 2016
Five non-vessel-operating common carriers and forwarders have paid the U.S. Federal Maritime Commission to settle allegations they misrepresented cargo to carriers.
10 Feb 2016
Maersk Line, Mediterranean Shipping Co. and more than a dozen other carriers will revise their pricing practices to avoid fines and end an EU antitrust suit and investigation.
29 Oct 2015
Too few shippers are ready to meet new global regulations requiring the weighing of containers before they are allowed to be loaded onto a ship, said Chris Welsh, secretary general of the Global Shippers’ Forum, the largest global shipper group. Welsh spoke with JOC.com Executive Editor Mark Szakonyi in late September about the risks of not complying with the rules set to take effect July 1, ways to meet the International Maritime Organization regulations and the complicated issue of who exactly is a “shipper.”
23 Oct 2015
The U.S. Federal Maritime Commission voted 4-1 to change licensing and financial responsibility requirements for ocean transportation intermediaries, despite objections from one commission member.
19 Oct 2015
Customs and Border Protection directors Friday urged West Coast brokers and forwarders that haven’t done so to begin filing trade documentation through the evolving “single window” initiative that CBP and several participating government agencies have established, even though mandatory electronic filing is still more than four months away.