Industry insights

Global Trade Brief – May 2017

May 15th, 2017, Posted in Global Trade Brief

Click on each item to read the update.

New Functionality in Cargo Release Transaction – Optional Perishable Goods Indicator
Exporters to comply with the Hong Kong Import and Export Controls
Foreign Trade Regulations Revised to meet the new Export Reporting Requirements

Denied Parties & Sanctions

EASE Update: Clients need not worry about the newly added individuals and entities as these are updated daily in EASE and clients may download these lists automatically

Office of Foreign Assets Control (OFAC)
Department of State (DOS)

Case Studies

$275,000 settlement for evading Customs Duties
Country of Origin Final Determination by CBP for Network Taps
Chinese National Pleads Guilty to Attempting to Illegally Export High-Grade Carbon Fiber to China