In accordance with Customs and Border Protection’s (CBP) requirement that importers maintain all records pertaining to an importation for a period of 5 years from the date of importation, Deringer encourages all of our customers to use the end of the ye
Trade Alerts
Japanese Steamship Line Merger
On October 31, 2016, three Japanese steamship lines elected to merge their container businesses, which would create Asia’s second-largest box carrier and the world’s sixth-largest one overall. The merger, between Nippon Yusen KK (NYK), Mitsui O.S.K. L
World Customs Organization Releases 2017 HS Tariff Nomenclature
On October 28, 2016, the World Customs Organization released the 2017 edition of the Harmonized System Nomenclature (HS), the world’s global standard for classifying goods in international trade; the 2017 edition will enter into use on January 1, 2017.
October GRI Implemented
Major steamship lines have implemented an October 15, 2016, General rate Increase (GRI) for transpacific cargo from the Far East and India to the US and Canada. While early indications pointed towards a significant rate increase, Deringer has observed rat
CBP Regulatory Audit, General Information
Many of our customers have reported receiving Informed Compliance Letters†from US Customs and Border Protection’s Regulatory Audit department. While the letters vary, the theme is the same, CBP is advising that the recipient review the company'
CBSA Updates ACI Compliance Penalties
Introduced more than 12 years ago, the Canadian Border Services Agency’s (CBSA) Advance Commercial Information (ACI) program ushered in a more efficient risk management process to help identify threats prior to the arrival of cargo and conveyances in Ca
Strike Postponed at Chittagong Port
Following an inter-ministerial meeting, workers at the Port of Chittagong called off an October 4, 2016, strike; while no resolution was met, Prime Mover-Trailer Owners and Workers’ Unity Council agreed to postpone the strike until October 13, 2016, all
U.S. Customs Delays Latest ACE Programming Deployment
Customs announced Wednesday that the planned deployment of additional ACE capabilities, scheduled for implementation on October 29, 2016, has been delayed. CBP stated that they continue to…
October GRI Postponed, Holiday Delays Expected
Major steamship lines have postponed the scheduled October 1, 2016, General Rate Increase (GRI), and instead will try to implement on October 15th. Early indications are that the October 15th rate increase will be minimal, and there is a good possibility
2016 Food Facility Registration Biennial Renewal
Under the Bioterrorism Act of 2002 and the Food Safety Modernization Act of 2011, facilities which engage in the manufacturing, processing, packing or holding of food which is to be consumed in the United States, must register with the Food and Drug Admin