The 150-Day Surcharge: Navigating the Section 122 Transition
New Global Surcharge: Section 122 in Effect by Isabella Ampudia
Free Trade Agreement Series: Part 3- Andean Free Trade on a Roller Coaster
The Andean Trade Promotion and Drug Eradication Act (ATPDEA) was enacted in 2002 by the second Bush administration. This trade preference agreement sought to grant four South American nations preferential treatment when exporting goods into the United States. With the purpose to promote economic development and eradicate drug trafficking, the agreement targeted four Andean countries, Bolivia, Colombia, Ecuador, and Peru. […]
CAN A FORWARDER INSURE A SHIPMENT AFTER A KNOWN LOSS?
CAN A FORWARDER INSURE A SHIPMENT AFTER A KNOWN LOSS? This question was addressed last week in the case of I.T.N. CONSOLIDATORS, INC. versus NORTHERN MARINE UNDERWRITERS LTD. [i] A cargo loss was made known to the forwarder ITN which promptly notified the insurance company writing its open policy. ITN subsequently issued a certificate of insurance to the cargo owner […]
FMC RULING OPENS DOOR TO MISCHIEF
Sometimes the best intended act can lead to unanticipated results. In the case of informal docket no. 1916(I) GUMTREEFABRICS, INC. v. EVER-LOGISTICS INTERNATIONAL FORWARDING LIMITED d/b/a EVEROK INTERNATIONAL FORWARDING CO., LTD, the FMC opened the door to conduct which would ordinarily be prohibited. In that case an importer claimed that cargo was extortionately withheld from delivery to it by a […]
CBP Posts Updated Bond Policies and Procedures
CBP, at the URL below, has posted new guidance concerning customs bond policies and procedures. It notes that the Continuous Transaction Bond program has been centralized at CBP’s Revenue Division in Indianapolis, Indiana. All continuous and term bond submissions, including continuous ISF bonds, along with requests for terminations and bond riders, must be submitted via email to cbp.bondquestions@dhs.gov. Details concerning […]
CBP Now Accepts Online Requests For Confidential Treatment of Manifest Data
Some may not realize that data on inbound cargo declarations, CF 1302, is made public by CBP. Certain data contained on outbound manifest is also publicly available, such as the name and address of the shipper, general character of the cargo, number of packages and gross weight, name of vessel or carrier, port of exit, port of destination and country […]