November 2022 Global Trade – Market Update
It’s hard to believe that only nine months ago, global trade was struggling to keep pace with demand, and the carriers were able to charge freight rates that were often 10 x higher than pre-Covid levels. Everyone, primarily the consumer,[...]
read moreBond Amounts for Temporary Import Entries
On November 14, 2022, U.S. Customs (CBP) released CSMS #53992279 - CBP Verification of Bond Amounts and Request for Additional Security for Temporary Importation Under Bond (TIB) Entries. The Bond Amounts Required for TIB entries are as follows:For all merchandise except[...]
read morePostal Code for Chinese Origin Goods Requirement
Updated March 20, 2023Effective March 18th, 2023, U.S. Customs and Border Protection (CBP) will require a Chinese postal code data element declared as part of the Manufacturer Identification Number (MID) for goods made in China.The new requirement is intended to[...]
read moreSection 301 Conforming and Technical Amendments Issued
On October 14, 2022, the U.S. Trade Representative issued two notices, 87 FR 62485 and 87 FR 62486 detailing conforming and technical amendments to Section 301 China exclusions. The amendments reflect two changes made to exclusion descriptions (Exclusion 50, 51)[...]
read moreAD/CV Duty Investigation on Freight Rail Couplers and Parts
According to CSMS # 53690377, Initiation of Antidumping and Countervailing Duty Investigations: Certain Freight Rail Couplers. On October 18, 2022, the Department of Commerce (Commerce) initiated its less-than-fair-value and countervailing duty investigations on “Certain Freight Rail Couplers and Parts Thereof[...]
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October 2022
Ocean shipments are typically backlogged at Chinese ports building up to Golden Week, also known as peak season. [...]
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October 2022 Air Market Update
The air peak season is expected to be muted this year as retailers prepare early for the holiday shopping season. Overall, space, pricing, and transit times remain reliable and stable, with some exceptions. Residual congestion persists at major hubs.[...]
read more31 parties added to the BIS Unverified List
The Bureau of Industry and Security (BIS) added 31 parties to the Unverified List (UVL). Parties are added when BIS is unable to verify the parties are legitimate and reliable entities. All 31 parties are being added under the destination of[...]
read moreBIS Cracking Down on Chip Exports
Starting October 7th, 2022, the Bureau of Industry and Security (BIS) is cracking down on exports of advanced computing integrated circuits (ICs), computer commodities containing ICs, and certain semiconductor manufacturing items destined for China.The intention is to limit China's access[...]
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