Ascent Global Logistics Blog

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Compliance Circular May 2019

Posted by Ascent Global Logistics on May 15, 2019 10:38:52 AM

The Ocean Shipping Reform Act of 1998, which amended the Shipping Act of 1984, went into effect on May 1, 1999. This shipping act combined non-vessel operating common carriers (NVOCC) and ocean freight forwarders under one category labeled "ocean transportation intermediary" (OTI). An intermediary is defined as "a person who acts as a link between people in order to try to bring about an agreement." 

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

Tariff Updates: S232, S301 & GSP

Posted by Ascent Global Logistics on May 8, 2019 4:52:32 PM

S232 - Steel & Aluminum Tariffs (Worldwide Application)

S232 tariffs were ruled “constitutional” in March of this year by the Court of 

International Trade. With this ruling, the S232 tariffs are expected to continue into the foreseeable future. Since the tariffs went into effect in March of 2018, there have been over 50,000 steel and aluminum exclusion requests made and the Bureau of Industry and Security has approved just over 25,000 through mid-March of this year. Click here to read more about S232 Tariffs on Aluminum and Steel imports.

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Topics: International Freight Forwarding, Tariffs, International Trade

TARIFF ALERT: S301 List 3 Tariff Rates Could Increase to 25%

Posted by Ascent Global Logistics on May 6, 2019 11:57:33 AM

On Sunday, May 5, the Administration announced that List 3 of the S301 tariffs, which are currently at 10% on $200 billion of Chinese imports, will be increasing to 25% effective Friday, May 10, 2019. Trade talks continue with China but are not progressing as hoped. 

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Topics: International Freight Forwarding, Tariffs, International Trade

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