Why are freight rates so volatile – particularly those from China?
One of the biggest challenges facing importers is uncertainty around shipping rates. Plagued by slow global trade and shipping overcapacity, 2015 was one of the most volatile rate periods in recent history. Many factors contribute to freight price fluctuations. Knowing the reasons for this volatility can help you, the.
Duty Valuation – What is it?
As an importer of goods into Canada, it’s important to have a basic understanding of the overall import process, along with the rules and regulations that govern it. A key consideration with respect to importing goods into Canada is assessing the proper Duty Valuation (or “value for duty”). The Canada Customs Act.
Help – My shipment is stuck on a stranded Hanjin ship!
Hanjin Shipping, once the seventh-largest ocean shipping company in the world, recently declared bankruptcy, leaving dozens of ships, carrying over 14 billion dollars in cargo, stranded at sea. Port operators and inland carriers are now refusing to load or move Hanjin containers for fear of not being paid, leaving.
Why is my shipment held up at the border?
Every day, businesses big and small find themselves facing unanticipated delays at the border. These delays can be a nuisance at best and a supply chain nightmare at worst. They are frustrating, stressful and costly – and they’re also avoidable.
Hanjin Bankruptcy – Update
It’s been less than a month since the announcement of shipping giant Hanjin’s bankruptcy and the shipping industry continues to struggle with pressures coming from a variety of sources in challenging global financial times.
Honest Import Transaction Mistakes
“I think I've found an error in my Canadian import transactions, and it's my fault. What can I do?” Human error is a fact of life, and honest mistakes can happen with import documentation. No matter the nature of your business or the size of your company – no one is immune to the possibility of a slip-up.
Consolidation and Cross-docking: Two methods for improving shipping efficiency
Consolidation and cross-docking are smart practices that all shippers should consider making use of to maximize efficiencies. When incorporated into your everyday shipping routines, they can both help lower costs and improve product flow.
Chapter 5: Importing into the U.S. – Maximize your likelihood of success with U.S. Customs
The most effective approach to ensuring a smooth U.S. Customs experience is to take proactive measures and remain fully informed. With proper planning and by tapping into expert advice as needed, your company will be less likely to face customs inquiries and scrutiny – and penalties. Follow these steps to maximize.
Shipping giant Hanjin files for bankruptcy – How does this affect me?
The global economic downturn of recent years has severely affected profits across the cargo shipping industry, with Hanjin Shipping Co. the most recent casualty.
Chapter 4: Importing into the U.S. – Know Your Responsibilities
Customs brokers work with companies that import and export goods across international borders to help ease the process and reduce the possible risks associated with cross-border trade. Under the Mod Act, importers are responsible for demonstrating compliance with U.S. Customs and Border Protection (CBP) requirements –.
