In March 2024, the U.S. Government Accountability Office (GAO) released a comprehensive report on port automation, highlighting its adoption and varied effects across U.S. ports. This report comes at a critical time as the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) face a January 15, 2025, deadline to resolve their ongoing … Read more
What is the De Minimis Rule? The de minimis rule is a trade regulation that allows low-value shipments to enter a country without being subject to duties and taxes. In the United States, this threshold is set at $800, meaning that goods valued at $800 or less can be imported duty-free. This rule simplifies the customs … Read more
Last week, the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) reached a tentative agreement, marking a significant step towards resolving the recent port strike that had disrupted operations along the East and Gulf coasts. This blog delves into the key aspects of the settlement, the outstanding issues, and the broader impact … Read more
As the September 30 deadline for the master contract between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) approaches, concerns are mounting over a potential strike commencing on October 1. This agreement impacts 45,000 dockworkers across 36 key ports from Maine to Texas, making the stakes incredibly high. Immediate Actions Recommended … Read more
The liquidation process by U.S. Customs and Border Protection (CBP) is a crucial step in finalizing the duties and taxes on imported goods. Here’s an illustration of the process: 1. Entry Filing: Importer Declaration: The importer or their customs broker files an entry summary (CBP Form 7501) with CBP, declaring the imported goods and providing … Read more
Customs brokers play a pivotal role in the international trade process by ensuring that all shipments adhere to the myriads of international trade regulations and laws. They act as intermediaries between importers and government authorities, handling the complex process of customs clearance. This compliance is not just about ticking boxes; it involves a deep understanding … Read more