Ascent Global Logistics Blog

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International News Bulletin: Panama Canal Authority (ACP) Imposes New Draft Restrictions

Posted by Ascent Global Logistics on Apr 9, 2019 6:50:33 PM

The Panama Canal Authority (ACP) imposed a draft restriction of 47 feet in mid-March. ACP plans to impose a more severe limit on April 11, 2019. This will directly impact the size and number of TEUs that will be available for loading through the Panama Canal.

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Topics: International Freight Forwarding, International Trade

UPDATE: EPA, TSCA And Wood Products

Posted by Ascent Global Logistics on Apr 4, 2019 11:28:09 AM

The Formaldehyde Standards for Composite Wood Products Act, also known as the TSCA Title VI, was fully implemented as of March 22, 2019 following a nine-year waiting period.

Composite wood products required to be certified as emission compliant by CARB and EPA recognized Third-Party Certified (TPC) starting on May 22, 2017. From May 22, 2017 through March 22, 2019, products regulated by TSCA Title VI had to be labeled as TSCA Title VI or CARB ATCM Phase II compliant.

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Topics: Regulatory Compliance, International Freight Forwarding, Monthly Compliance Circular

S301 List 3 Tariff Rate Increase Postponed "Until Further Notice"

Posted by Ascent Global Logistics on Apr 2, 2019 9:30:11 AM

The office of the United States Trade Representative (USTR) recently issued a notice, officially "postponing" the tariff rate increase "until further notice." S301 List 3 tariffs will remain at 10 percent instead of increasing to 25 percent. The delayed increase is due to progress in US and China trade negotiations.

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Topics: International Freight Forwarding, Tariffs

INTERNATIONAL TRADE UPDATE: Potential Delays At US-Mexico Border

Posted by Ascent Global Logistics on Apr 1, 2019 3:20:34 PM

Last week, US Customs and Border Protection (CBP) Commissioner Kevin McAleenan announced that CBP will reassign up to 750 officers from ports of entry along the US-Mexico border. These officers will assist US Border Patrol with processing an increased number of migrant crossings.

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Topics: Regulatory Compliance, International Freight Forwarding, International Trade

Power Of Attorney: Critical To International Shippers

Posted by Ascent Global Logistics on Mar 5, 2019 1:08:35 PM
When people hear the phrase "Power of Attorney," they often think immediately of a Medical Power of Attorney or a Dependent Power of Attorney. However, Powers of Attorney are crucial to the International Freight Forwarding and Customs Brokerage world. Powers of Attorney are the mechanism by which the importer or exporter authorizes the forwarder or broker to act on their behalf in customs related transactions. 
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Topics: International Freight Forwarding, Monthly Compliance Circular

TARIFF UPDATE: US Administration Plans To Delay Implementing S301 List 3 Tariffs

Posted by Ascent Global Logistics on Feb 25, 2019 1:24:29 PM

Over the weekend, the US Administration announced that it would postpone increasing S301 List 3 tariffs. The United States and Chinese President Xi Jinping plan to meet to reach a final trade agreement.

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Topics: International Freight Forwarding, Tariffs

TARIFF RECAP: Almost Time To "Celebrate" New Trade Deals And Increases

Posted by Ascent Global Logistics on Feb 21, 2019 6:21:56 PM

Over the last several months, there have been a number of key updates to S232 Tariffs and S301 Tariffs Lists 1-3. In addition, the United States and China continue to hold trade talks. Last week in Beijing, key officials from the United States and China outlined a “10-item list of ways China can reduce its trade surplus with the US."

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Topics: International Freight Forwarding, Tariffs

TRADE NEWS: Congress Requests Product-Specific Exclusion Process From USTR

Posted by Ascent Global Logistics on Feb 19, 2019 12:23:38 PM

Congress has requested that the office of the United States Trade Representative (USTR) create the formal exclusion process for products outlined under the S301 List 3 tariffs. These tariffs for $200 billion worth of imports from China are scheduled to increase from 10 percent to 25 percent on March 2, 2019.

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Topics: International Freight Forwarding, Tariffs

TRADE NEWS: US Government Shutdown Averted, Possible Delay In Proposed S301 Tariffs

Posted by Ascent Global Logistics on Feb 15, 2019 5:29:53 PM

Impending US Government Shutdown Averted

On the afternoon of February 15, 2019, US President Donald Trump signed an emergency spending bill to avert a partial government shutdown. The legislation provides $333 Billion worth of funding to several key Cabinet agencies through September 2019. 

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Topics: International Freight Forwarding, Tariffs

Give Thanks To Your Broker! Our Brokers Are At The Heart Of Our Industry

Posted by Ascent Global Logistics on Feb 4, 2019 10:00:00 AM

In February, we often celebrate Valentine’s day with candy and flowers for the people who have a special place in our heart. This month’s compliance circular is going to focus on some of the people at the heart of the international freight forwarding industry, the Customs Brokers. As early as 1799, Customs Brokers were called “known agents or factors” and could make entry on behalf of cargo owners who were unable to do so, for a variety of reasons.

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Topics: International Freight Forwarding, Monthly Compliance Circular

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