News & Events

MTS Cessation of Force Majeure

MTS Cessation of Force Majeure

October 18, 2024 Re: Cessation of Force Majeure The Force Majeure declared on October 2, 2024 has been concluded due to the tentative agreement by the International Longshoreman’s Association to end the strike/lockout which began on October 1, 2024. At this point in...

Maersk Reroutes Red Sea Container Ships Back To Suez Canal

Maersk Reroutes Red Sea Container Ships Back To Suez Canal

Denmark's shipping giant Maersk has redirected four out of five container vessels initially stuck in the Red Sea back toward the Suez Canal, opting to take the longer journey around Africa to mitigate the risk of attacks by Yemen-based Houthi militants. The recent...

CTPAT – New Benefits Related to Forced Labor

CTPAT – New Benefits Related to Forced Labor

Active CTPAT importers will receive 3 additional benefits outlined in the Forced Labor: Trade Compliance Benefits November 2022 document. Front of the Line Admissibility Review: If Customs holds a shipment due to forced labor, the Center of Excellence (CEE) will...

FinCEN & BIS Joint Alert Cautions of Evasion Attempts

FinCEN & BIS Joint Alert Cautions of Evasion Attempts

Treasury’s Financial Crimes Enforcement Network (FinCEN) and Commerce’s Bureau of Industry and Security (BIS) issued a joint alert on potential Russian and Belarusian attempts to evade US export controls. The alert directed to financial institutions outlines export...

Ocean Shipping Reform Act 2022 for US Exports (Update)

Ocean Shipping Reform Act 2022 for US Exports (Update)

Yesterday, the president officially signed OSRA into law. As reported Wednesday, the House of Representatives passed the Senate version (S.3580) by a vote of 369-42. This bill revises requirements governing ocean shipping to increase the authority of the Federal...

CBP Drafts Implementation Guide for New Chinese Manufacturer Postal Code Requirement

Reinstatement of Section 301 Exclusions

  Effective March 28, 2022, The U.S. Trade Representative determined to extend 89 exclusions exclusions on List 2, 187 exclusions on List 3, and 42 exclusions on List 4. With the exception of separately addressed extensions of the COVID-19 exclusions, the exclusions...

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