Shipping container industry update – uncertainties persist
Challenging times continue for the container shipping industry, seven months after it was rocked by the sudden bankruptcy of South Korean shipping giant Hanjin. Following Hanjin’s collapse last summer, shippers and forwarders have been increasingly concerned about the reliability of the carriers they use.
Freight-forwarder or online booking? Weigh your options carefully.
Shipping Industry crunch Times are tough for the container shipping industry: companies are facing their worst ever downturn as a result of an oversupply of ships and weakened global demand. As a result, firms are looking for more and more ways to cut costs.
Increased possibility of high duties: How SIMA can affect your import costs
What is SIMA? One of the functions of the Canada Border Services Agency (CBSA) is to help protect Canadian producers from unfair foreign competition. In this spirit, the Special Import Measures Act (SIMA) helps protect Canadian industry from the unfair subsidizing and dumping of imported goods. CBSA and the Canadian.
Shipping congestion in China – It might affect you
The world’s busiest shipping port in Shanghai, China is experiencing severe congestion in recent weeks. High volume, weather and industry realignment are causing delays affecting numerous companies worldwide.
Cargo Insurance: Is it worth it?
Shippers are more concerned than ever about protecting themselves against potential risks to their goods along the supply chain. You may be asking: Is it worth it to get cargo insurance? What does cargo insurance protect me against?
Softwood lumber exports slapped with new duties
An investigation by the U.S. Commerce Department concluded this week that Canadian softwood lumber is unfairly subsidized. As a result, the U.S. will levy countervailing duties of up to 24 percent on Canadian lumber exports starting this week.
You and your customs broker: It takes two
Finding the right customs broker is like hiring anyone else to work for your company: you need to ask the right questions to make sure you're teaming up with the right person. There are many customs brokerages willing to work for you. It's up to you to identify the one that will be the best fit – who will work as your.
Incoterms – Providing clarity in International Trade
What are Incoterms? Incoterms (full name: international commercial terms) are standard sets of terms and conditions designed to assist traders when goods are sold and transported. Published by the International Chamber of Commerce, they are intended to clearly communicate the costs and risks associated with the.
A golden opportunity for U.S. importers: Importer Self-Assessment
What is it? Importer Self-Assessment is a U.S. Customs and Border Protection (CBP) program that offers qualified U.S. importers exemptions from certain security inspections and comprehensive audits, as well as expedited cargo release services. Started in 2002, the ISA program is based on the premise that importers.
Importing Wooden Products into Canada
The Canadian government regulates the import of all wooden products and wood-containing products into Canada. And, because these items can carry and introduce harmful pests, their import is tightly controlled. The Canada Border Services Agency (CBSA) works closely with the Canadian Food Inspection Agency (CFIA) to.
