Here are some of the top supply chain news stories happening right now. According to a new CNBC Supply Chain Survey, there’s no good news for the state of the freight industry for the rest of 2023 and well into 2024, as the global freight recession is expected to continue. There are a number of factors that play into this, including high inventories, a pullback in consumer spending, and overcapaci...
Here are some of the top supply chain news stories happening right now. As of April 2024, the Consortia Block Exemption Regulation (CBER) will be discontinued. Earlier this month, the European Commission announced that it would not be renewing the exemption, which was introduced in 2009. The CBER allowed shipping companies to coordinate vessel-sharing agreements and pool capacity, but the EC feels...
Introduction Navigating the complex landscape of international trade requires a keen understanding of compliance, particularly with regulations set forth by the U.S. Customs and Border Protection (CBP). While there are no specific federal case law citations directly addressing CBP compliance pitfalls, the legal landscape is fraught with examples of companies facing severe penalties for non-complia...
The Strategic Advantage of Binding Rulings In the intricate world of international trade, obtaining a binding ruling from the U.S. Customs and Border Protection (CBP) can be a game-changer. A binding ruling provides legal certainty on how a product will be classified, valued, or originated, thereby eliminating the risk of unexpected duties or compliance issues. For example, Tesla Inc. once obtaine...
The Automated Commercial Environment (ACE) is a cornerstone of modern trade facilitation in the United States, serving as the primary system through which the trade community reports imports and exports. Developed by the U.S. Customs and Border Protection (CBP), ACE streamlines the process of submitting trade-related documentation and ensures compliance with various federal regulations. Its incept...
Introduction In the intricate landscape of international trade, one area that often poses challenges for businesses is the management of multi-seller consolidated shipments. The U.S. Customs and Border Protection (CBP) has stringent requirements for the documentation and reporting of such shipments, particularly concerning commercial invoices and bills of lading. This article aims to elucidate the...
The Code of Federal Regulations (CFR) serves as the legal backbone for the operations of various federal agencies in the United States, including the Customs and Border Protection (CBP). It is a codification of the general and permanent rules and regulations published in the Federal Register by the executive departments and agencies. The CFR is divided into 50 titles, each representing a broad are...
Here are some of the top global logistics news stories happening right now: Back in the spring, it seemed the Panama Canal might catch a break. Forecasters were calling for rain, and there were hopes that earlier restrictions might be lifted. Unfortunately, things are much worse now. Despite being the world’s fifth wettest country, Panama is facing a drought that’s escalating the threat to global ...
Introduction Valuation is a cornerstone of international trade, serving as the basis for determining duty rates and ensuring compliance with U.S. Customs and Border Protection (CBP) regulations. Accurate valuation is not just a legal requirement but a critical component of a successful trade operation. This article aims to demystify the concept of valuation as it pertains to CBP rules, as outlined...