IATA: March cargo traffic reaches all-time high since 1990

Posted Posted in Uncategorized

March global air cargo traffic increased 4.4% compared to the same month in 2019, reaching the highest level recorded since the International Air Transport Association (IATA) reports began in 1990, and month-over-month demand increased at a slower pace of 0.4%, due to a softer performance by Asia-Pacific and African carriers. March 2021 saw a slower […]

CBP User Fees to increase 10/01/20

Posted Posted in Alerts

CBP has announced the increased user fees for FY 2021: Merchandise Processing Fee (MPF) – Rate remains unchanged (0.3464%) Minimum $27.23 Maximum $528.33 Informal Entry $2.18 Resource: https://www.govinfo.gov/content/pkg/FR-2020-07-29/pdf/2020-16450.pdf

FDA Hand Sanitizer Warning

Posted Posted in Alerts, PGA

The FDA is exercising significant caution with the importation of hand sanitizer due to many products containing methanol, which is toxic to humans. For this reason, importers of hand sanitizer should be prepared for at least nominal delays in release of their shipments, and potentially extensive delays awaiting FDA lab analysis. Resource: https://www.fda.gov/drugs/drug-safety-and-availability/fda-updates-hand-sanitizers-methanol As can […]

Export penalty case illustrates importance of self-disclosure

Posted Posted in Did You Know?, Regulatory

A recent OFAC penalty case against an exporter illustrates the importance and clear monetary benefit of pro-actively reporting regulatory failures and implementing significant safeguards. In import considerations, such disclosures would typically take the form of the formal Prior Disclosure process, whereby an importer voluntarily reveals the errors and makes monetary amends of duty owed (if […]

PayCargo increases transaction fee from April 01

Posted Posted in Alerts

PayCargo notified us on March 16th that they were increasing their modest transaction fee of $5 to $7.50 with effect from April 1st, 2020. PayCargo is the preferred 3rd party payment platform for remittances to the trade (i.e. freight forwarders, airlines, etc). Accordingly, clients can expect to see this nominal fee passed along at cost. […]