The Unplanned Costs and Penalties of Non-Compliant Merchandise Exportation Due to ISPM 15 Regulations
Recent Changes that Impact Wood Packaging Material The penalties for non-compliant ISPM 15 wood packaging materials (WPM) are a serious matter to take into consideration when selecting components for the design of a unit load. Besides penalty costs, the end user will require a duplicate shipment if customs liquidates the product held up instead of […]
Export Import Bank Reauthorization To Boost U.S. Exports
After the most contentious debate in years, legislation reauthorizing the Export Import Bank was officially signed into law during a recent White House Ceremony. The reauthorization measure raises the EX-IM Bank’s lending limit from $100 to $140 million over the next three years and includes new auditing requirements to ensure EX-IM resources are used in […]
Reshoring Trend is Good News For American Manufacturing
A recent article by Patrick Burnson appearing in Logistics Management suggests major manufacturers such as Caterpillar, Ford, Boeing, and GE plan to relocate current offshore manufacturing operations in the U.S. over the next 2-3 years. The current trend toward reshoring is a function of rising wage inflation in countries such as China combined with gains […]
INCOTERMS®: Staying on Top of Exporting Terminology
INCOTERMS provide internationally accepted definitions and rules of interpretation for most common commercial terms. In the US, INCOTERMS are increasingly used in domestic sales contracts rather than UCC shipment and delivery terms.
Wooden Export Pallets: Canada Prepares for Treated Shipping Pallets
Article from Modern Materials Handling suggests bi-lateral exemption on treated pallets may be ending in 2014. An interesting story recently came out in MMH reflecting a potentially longer timeline than previously thought on required compliance with international shipping regulations regarding treatment of wood products used for shipping between USA and Canada. Bob Trebilcock, editor at […]
Congressional Reauthorization of Export-Import Bank Strengthens Small Business Exporters and the US Economy
The Export-Import (Ex-IM) Bank has been reauthorized by Congress to operate for three years. On Tuesday, May 15, 2012, the Senate passed the bill previously passed by the House of Representatives. In addition to the re-authorization, the bill also raises the independent federal agency’s lending cap gradually from the current $100 billion to an eventual cap of $140 billion in 2014.