Starting on January 1, 2024, the EU Emissions Trading System (ETS) will include shipping, marking a significant step towards reducing greenhouse gas emissions in the maritime industry. This system requires ship operators to monitor and report their emissions, purchasing allowances for every ton of CO2 emitted. The goal is to incentivize the reduction of greenhouse … 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
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
When it comes to international shipping, choosing the right method can significantly impact cost, efficiency, and the condition of your goods upon arrival. Here’s a comprehensive breakdown of the various options available: 1. Sea Freight Dry Containers Description: Standard containers used for most types of cargo. Best For: Non-perishable goods like electronics, textiles, … 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