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.
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
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.
08 Jan 2018
Under the expanded VAT system, all services at the Port of Chittagong will be subject to the VAT.
27 Dec 2017
The government of India this week issued a decree unveiling plans to automate customs procedures at its badly congested Petrapole checkpoint.
18 Dec 2017
It is clear that a world-class infrastructure improves a nation's efficiency and attracts business. And post-Brexit United Kingdom must implement several infrastructure improvements to achieve both.
15 Dec 2017
Customs officials listed a series of arbitrary rate actions by carriers and terminals on direct port delivery cargo handling and called for stricter regulations to create transparency across the supply chain.
12 Dec 2017
Wilmington is the first to be able to accept goods that are still midway through the refrigeration process.
05 Dec 2017
There’s not much confidence that the UK government will meet the deadline.
05 Dec 2017
“Unless these problem areas are fixed, it would not be advisable to reduce the time limit of 48 hours.”
04 Dec 2017
Several industries like construction, food or logistics have already warned of an existing shortage of resources.
30 Nov 2017
“We want to release goods from the ports as fast as possible.”
22 Nov 2017
These are the best of times for the global airline industry but look like the worst of times for UK carriers and airports as they sweat over Brexit.
21 Nov 2017
Strike action by the Receita Federal (customs) in Brazil has intensified as it enters its fourth week and is now causing severe delays.
14 Nov 2017
What does Brexit mean in practical terms for supply chains?
06 Nov 2017
The primary issue is with “field formations” that must still set up systems and procedures for handling RFID e-sealed containers.
01 Nov 2017
The World Bank will provide 5.3 billion taka of the funding.
27 Oct 2017
There is quite a difference between the single market and the customs union.
25 Oct 2017
“The Receita Federal is intent on pushing the pedal of pain down this week.”
18 Oct 2017
A sharp break in relations between the United Kingdom and the European Union after Brexit will be devastating for the trade and business between both parties.
17 Oct 2017
Express couriers each day handle thousands of e-commerce shipments.
12 Oct 2017
Shippers have suffered several waves of strikes and slowdowns over the past 14 months.
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Commentary
Latin America — the logistics start-up frontier