Consolidation in the GTM software space and Maersk's purchase of customs broker Vandergrift are signs shippers want to more closely link logistics and compliance activities.
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Customs Regulations
Customs Regulations
In the years since the Sept. 11 terrorist attacks, perhaps no government agency has evolved as much as US Customs and Border Protection (CBP). From port initiatives such as the Container Security Initiative to partnering with industry in the Customs-Trade Partnership Against Terrorism, CBP is now front-and-center on virtually every international company's radar screen.
Failure to comply with CBT's myriad and seemingly ever-evolving regulations can cost a company millions of dollars in fines. Overseas, customs agencies can be even more of a bureaucratic minefield and corruption is rampant in many emerging markets. In an increasingly global marketplace, how companies cope with myriad customs regulations can spell the difference between success and failure in an international strategy.
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News & Analysis
12 Feb 2019
The deal gives the company more trade compliance firepower to accelerate its evolution to an integrator able to provide deeper supply chain management to shippers.
31 Jan 2019
The Bangladesh government is introducing pre-arrival processing of import documents at ports in July.
23 Jan 2019
The new rule is similar to 24-hour advanced manifest rule for US cargo and recent regulatory changes in China.
18 Jan 2019
For the new fee, the port promises timelier inspections and fewer detention and demurrage charges.
16 Jan 2019
Nuisances are popping up that irk port authorities and customs brokers.
09 Jan 2019
The United Kingdom is scheduled to leave the European Union on March 29 but is struggling to reach a deal on trade that would limit disruption.
07 Jan 2019
The Shenzhen port of Shekou has opened a consolidation center that will ease customs restrictions on China's growing LCL cargo imports.
04 Jan 2019
Delays may occur if paperwork is flagged by a federal agency in which staffers are furloughed.
05 Dec 2018
Following complaints from at least 10 port members, the American Association of Port Authorities (AAPA) urged Customs to provide its reasoning for focusing on often “expensive, overbuilt” facilities — the resources for which the AAPA says can be better-allocated.
21 Nov 2018
The trial program applies to Bangladeshi goods transiting through the border checkpoint at Petrapole — known as a “land customs station (LCS)” — for transshipment via the ports of Kolkata and Nhava Sheva-JNPT.
20 Nov 2018
Trying to prepare for something as significant and as unclear as Britain's exit from the European Union is not easy for supply chains that only work with a clear understanding of what is required for each step of the logistics process.
06 Nov 2018
Sponsored: MSC's Laurent Audaz on addressing the problem of counterfeiting and smuggling, as well as other cargo declaration concerns.
01 Nov 2018
That impressive ease-of-doing-business performance, following a 30-spot improvement in the previous survey, has positioned India as the “top-ranked economy” in the South Asian region, according to the World Bank.
25 Oct 2018
The Chittagong Customs House Wednesday issued the handling notification, which was requested by the Chittagong Chambers of Commerce and Industry.
24 Oct 2018
Integration Point is one of the largest providers of trade compliance software — tools that allow global shippers to manage customs regulations across the world, but also to strategize around the use of free trade zones and other ways to reduce duty exposure.
15 Oct 2018
Containerized exports of recyclables, first hit by China's Jan. 1 tightening of environmental restrictions, were dealt another shot by the imposition of a 25 percent tariff in late August — something that will be felt in the months ahead.
13 Aug 2018
Importers may be unaware that they need to increase the level of the bond they must maintain with US Customs and Border Protection for duties due to be paid over a 12-month period.
31 Jul 2018
The new regulations require carriers to complete their advanced manifest submissions considerably prior to the vessel’s arrival or departure.
28 Jun 2018
Authorities have asked stakeholders to examine a proposed fast-track/streamlined last-mile/last touch logistics plan for inland container depots — dubbed “direct inland delivery” — which they believe will prove to be another major boon for hinterland shippers.
21 Jun 2018
The new community, approved by the Russian Federal Anti-Monopoly Service and the Federal Customs Service, will work to speed port operations and and decrease shipper costs.
15 Jun 2018
China Merchants’ purchase of a stake in the Port of Newcastle, Australia’s largest east coast port, would be its first in Oceania. However, the dealoccurs at a time of increased political and trade tension between the strong-performing Asian economies.
11 Jun 2018
Shippers are struggling with how to leverage e-commerce channels profitably, but the US Customs and Border Protection service is struggling similarly with regulating the sheer number of shipments crossing borders, especially since many of them now qualify under the $800 duty-free de minimis level.
31 May 2018
Starting Friday, China Customs will require manifest submissions 24 hours prior to loading, or risk missing the intended sailing. One supply chain director called the order nothing new, but another called it a non-tariff barrier deployed mainly against the United States, but also Europe.
09 May 2018
China is increasing pressure on US exporters, creating costly delays.
03 May 2018
Beneficial cargo owners are commending the US Customs and Border Protection's one-stop cargo processing offices, but they also have a few tips for overall service improvement.
03 May 2018
The technology that has enabled the birth and growth of the surging e-commerce sector has also introduced new requirements and demands for customs brokers and shippers.
27 Apr 2018
The rate hike may be just the beginning of additional, larger Federal Anti-Monopoly Service fee increases, as part of Russia's response to the West’s latest package of sanctions, imposed by the United States, and supported by many European allies.
02 Apr 2018
Shippers worried that the launch of the US Customs and Border Protection bureau’s (CBP's) much-delayed Automated Commercial Environment system could disrupt cargo flow can take comfort from the CBP’s conclusion that the launch went off without a major incident, and is operating as it should.
20 Mar 2018
The UK-EU trade reality is that a hard Brexit would delay supply chains almost immediately — something negotiators on both sides of the Channel will try to avoid, given the extra 21-month transition period.
16 Mar 2018
Shippers hoping that US Customs and Border Protection's Automated Commercial Environment system will soon operate without the kind of problems that have plagued it for years should not count on that happening for a while longer.
23 Feb 2018
The new Asian markets that US recyclable exporters are finding to replace the banned China in-take are growing fast.
Commentary
What faster liquidation for Section 232 imports mean