News & Analysis as of

Shipping Imports

Benesch

InterConnect Newsletter - Q1 2024

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Courts have clearly established that a shipper cannot prevail in a freight claim against a carrier if an “Act of God” caused the freight loss or damage. The Act of God defense is an original, and one of the most...more

Husch Blackwell LLP

CBP Further Defines Customs Business in New Ruling

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A recent ruling analyzed whether certain functions performed in preparation for filing an entry with U.S. Customs and Border Protection (“CBP”) arise to the level of “Customs Business” that must be performed by a licensed...more

Eversheds Sutherland (US) LLP

Services ban and EU import ban come into effect for seaborne Russian petroleum products

On February 5, 2023, the G7 announced that the “price cap” on western-backed seaborne trades of Russian-origin petroleum products to third countries would be set at $45 per barrel ($45/bbl) for Discount to Crude petroleum...more

K2 Integrity

Implementation of the Russian Oil Price Cap and Key Compliance Considerations

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As the Russian invasion of Ukraine continues, so too does Russia’s isolation from the West. Member nations of the Group of Seven (G7)—the United States (U.S.), Canada, France, Germany, Italy, Japan, and the United Kingdom...more

Braumiller Law Group, PLLC

[Webinar] Agricultural Cargo Security Is In Your Hands - January 24th, 9:30 am - 10:30 am CST

In this one-hour training, you'll learn how to exercise the power you have to help secure our nation's supply chain across all modes of transportation and types of cargo. Even those not participating in the CTPAT program need...more

Ballard Spahr LLP

Supply Chain Disruptions with Special Guest Chris Mills, CEO of Lion Brand Yarn

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This episode is part of our series “Supply Chain Disruptions,” in which we explore how supply chain issues are affecting businesses everywhere, and when the flow of goods and services may settle into a new normal. This...more

Willcox & Savage

Customs: Roadmap for the Unwary Importer

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All merchandise imported into the United States is required to be cleared through U.S. Customs & Border Protection (CBP). Clearance is obtained by filing an “entry” with CBP. In 2021 the United States imported $2.8...more

Benesch

Emerging Trends for Ocean Service Contract Bid Season

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Beneficial cargo owners have faced well-reported challenges in recent bid seasons. Two plus years of global pandemic unleashed supply and capacity interruption, carrier lane divergence, and an explosion in rates as well as...more

Holland & Knight LLP

Executive Order Targeting Russian Energy Sector Has Immediate Effect on Shipping Industry

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In the past week, the White House has launched additional salvos of sanctions against the Russian Federation in response to its continued efforts to undermine the sovereignty and territorial integrity of Ukraine. This Holland...more

Husch Blackwell LLP

New LA-LB Port Fees Counterintuitive

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Less than two weeks after President Biden officially announced his agreement with the Port of Los Angeles to begin operating 24/7, the ports of LA and Long Beach have decided to implement a new fee for containers sitting at...more

Akin Gump Strauss Hauer & Feld LLP

Commerce Publishes Final Revised AD/CVD Regulations

Key Points - On September 20, Commerce published in the Federal Register updated regulations affecting its administration of new shipper reviews, scope inquiries and circumvention inquiries. The new regulations go...more

Morrison & Foerster LLP

Following U.S. Lead, UK Office Of Financial Sanctions Implementation Issues Maritime Guidance

Much of the world’s focus is on the COVID-19 pandemic, and rightfully so, but sanctions regulators also have their gazes fixed on another issue: the maritime industry. On May 14 2020, we saw the U.S. Departments of State and...more

Jones Day

Singapore Encourages Investment Toward Decarbonizing Shipping - Part of the Jones Day Carbon Disruption series.

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The Situation: Currently, around 90% of world trade is by sea. International shipping accounts for between 2% and 3% of global greenhouse gas emissions, but like aviation, the sector's emissions are not covered by the 2015...more

Akin Gump Strauss Hauer & Feld LLP

U.S. Sanctions Compliance Guidance Released for the Global Maritime, Energy and Metals Sectors

- On May 14, 2020, OFAC, the Department of State and the U.S. Coast Guard jointly released guidance for persons involved in the maritime industry regarding common deceptive shipping practices used to subvert U.S. and United...more

Society of Corporate Compliance and Ethics...

Sanctions news: US targets China, Syria, Venezuela and Iran

Report on Supply Chain Compliance 3, no. 7 (April 2020) The United States Department of the Treasury’s Office of Foreign Assets Control has stayed busy during the coronavirus outbreak. The office made several new additions...more

Hogan Lovells

Impact of the Coronavirus outbreak on International Trade Involving China

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With the novel coronavirus (2019-nCoV, the "Coronavirus") spreads globally at alarming speed some countries have responded to the crisis by taking measures such as restricting or denying importation from China and requiring...more

Foley & Lardner LLP

Hiring a Customs Broker in Mexico

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In Mexico the customs clearance of goods may be performed either directly by importers or exporters, or through customs brokers. When clearing goods directly, importers and exporters must do it through a legal representative...more

Eversheds Sutherland (US) LLP

US Removes COSCO Shipping Arm from OFAC Sanctions List

On January 31, 2020, the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury removed sanctions on COSCO Shipping Tanker (Dalian). The delisting may have resulted from US-Chinese...more

Sullivan & Worcester

The ICC publishes Incoterms 2020

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On 10 September 2019, the International Chamber of Commerce (ICC) issued a much anticipated set of revisions to the Incoterms – the international commercial terms published to clarify the obligations of buyers and sellers in...more

Husch Blackwell LLP

Ocean Transportation Intermediaries’ U.S. Regulatory Scheme: European Ocean Freight Forwarders And Freight Pricing

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In the last year or so, it has become clearly evident to us that ocean carriers are treating European and other forwarders differently than how they deal with U.S. forwarders, creating a distinctly competitive disadvantage...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - May 2019 #2

New Sulfur Caps for Shipping Fuels Will Help Make the Shale Boom Even Bigger "Now the shale revolution will help shippers across the world comply with the International Maritime Organization's 2020 standards, called "IMO...more

White & Case LLP

Africa Focus: Spring 2019 - Sustainability in Africa's maritime industry

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Africa has an opportunity to lead on environmental and social global best practices - Some of the most important global sea lanes pass the continent of Africa. Major routes navigate the Cape of Good Hope between the Atlantic...more

Locke Lord LLP

OFAC Advisory to Maritime Shipping Industry

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On September 20, 2018 the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued “OFAC Advisory to the Maritime Petroleum Shipping Community” to alert the shipping industry participants, including...more

Benesch

INCOTERMS – Ground Zero for Negotiating Tariff Impact

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The INCOTERMS published by the International Chamber of Commerce (ICC) have long served the international community by offering a “shorthand” for communicating key shipping terms. INCOTERMS are so ubiquitous in international...more

Benesch

Letters of Credit – Avoiding Supply Chain Interruptions

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Letters of Credit (LOCs) have long been used to minimize the financial risk of international purchase agreements. Sellers and buyers may agree to use LOCs to ensure that goods are received and payment is remitted as intended....more

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