CBP’s Hands are Tied in Terms of Implementation of Tax Cuts for Alcoholic BeveragesCBP’s Hands are Tied in Terms of Implementation of Tax Cuts for Alcoholic Beverages
- February 19, 2018
At this moment, CBP cannot make any changes or upload the new tax rates to ACE that reflects the excise tax cuts for beer, wine, and distilled spirits that took effect January 1st; they are waiting for implementation guidance from Alcohol and Tobacco Tax and Trade Bureau (TTB). As such, importers, as well as brokers […]
Continue Reading »New ELD Mandate is Here
- January 9, 2018
New regulations that require the use of electronic logging devices (ELDs) and revise hours of service (HOS) rules for motor carriers are now in effect and are being strictly enforced. As a result, shippers may experience reduced free time and a greater likelihood of missed appointments/deliveries. With ELDs in place, trucking companies will face fines […]
Continue Reading »Shapiro’s Charleston Closed Due to Winter Storm GraysonShapiro’s Charleston Closed Due to Winter Storm Grayson
- January 4, 2018
Due to inclement weather caused by Winter Storm Grayson, our Charleston office is currently closed. Charleston employees are working remotely to address all emails, but responses may be delayed. If you need immediate assistance, please contact Chris Carlton at [email protected]. Shapiro will continue to monitor the situation and will advise if our other offices are affected by Winter […]
Continue Reading »Generalized System of Preferences (GSP) Expiration: A REMINDERGeneralized System of Preferences (GSP) Expiration
- January 2, 2018
Effective January 1st, the products that were once eligible for being duty-free under special program indicators “A”, “A+”, and “A*” are now subject to normal duty rates when imported. While CBP still requests that GSP eligible items are identified with an indicator, the goods are dutiable until further notice. To ensure importers receive duty refunds […]
Continue Reading »Customs Statement Processing and ACECustoms Statement Processing and ACE
- December 27, 2017
As you may know, after several delays, it appears that Customs and Border Protection (CBP) will finally be rolling out statement processing via their portal Automated Commercial Environment (ACE) on January 8, 2018. While we have every hope that this deployment proceeds without incident, it is very possible that Customs will experience glitches along the […]
Continue Reading »Generalized System of Preferences (GSP) Set to Expire December 31, 2017Generalized System of Preferences (GSP) Set to Expire December
- December 18, 2017
The expiration of Generalized System of Preferences (GSP) is right around the corner! Assuming the program expires, the products once eligible for being duty-free under special program indicators “A”, “A+”, and “A*” will now be subject to normal duty rates when imported. While CBP still requests that GSP eligible items are identified with an indicator, […]
Continue Reading »Trucking Fuel and Base Rates on the RiseTrucking Fuel and Base Rates on the Rise
- December 15, 2017
The new Electronic Log Data (ELD) mandate, which officially goes into effect on December 18th, is forcing truckers to pay much closer attention to their logs so as not to exceed their Hours of Service (HOS) requirements. Electronic logs, which cannot be manipulated with the same ease as their paper predecessors, have already caused rate […]
Continue Reading »CBP Merchandise Processing Fee for 2018CBP Merchandise Processing Fee for 2018
- November 20, 2017
U.S. Customs and Border Protection (CBP) has announced that the Merchandise Processing Fee (MPF) will be adjusted for inflation effective January 1, 2018. The MPF is assessed by U.S. Customs on most imports into the U.S. The calculation rate, which is 0.3464 percent of declared cargo value, will remain unchanged. However, the minimum MPF will […]
Continue Reading »Baltimore Seagirt Terminal to Close for Remainder of Day – Tuesday, November 7, 2017Baltimore Seagirt Terminal to Close for Remainder of Day – Tuesday, November 7, 2017
- November 7, 2017
Shapiro has received multiple reports that Baltimore’s Seagirt Marine Terminal has ceased operations for the remainder of the day today, Tuesday, November 7th due to crane operators walking off the job. There has been no further information released regarding the closure at this time, so full details cannot yet be provided. We will continue to […]
Continue Reading »19th National Congress of the Communist Party Likely to Cause Cargo Delays in Shanghai and TianjinCargo Delays Expected in Shanghai and Tianjin Due to 19th National Congress of the Communist Party
- October 17, 2017
The 19th National Congress of the Communist Party, a gathering of China’s top delegates that occurs twice a decade, will commence in Beijing on Wednesday, October 18th and is expected to last one week. In preparation for the meeting, security measures have been tightened as of October 16th and the majority of cargo entering Shanghai […]
Continue Reading »Countdown to GSP ExpiringCountdown to GSP Expiring
- October 3, 2017
Midnight of December 31st, 2017 isn’t just the end of the year, it is also when the Generalized System of Preferences (GSP) is set to expire. The products once eligible for being duty free under special program indicators “A”, “A+”, and “A*” will now be paying normal duty rates when imported. While CBP still requests […]
Continue Reading »Update on Port Closures and Openings in Wake of IrmaUpdate on Port Closures and Openings in Wake of Irma
- September 12, 2017
Given the importance of your cargo deadlines, we want to provide you with the latest information post-Irma. Fortunately, none of the expected port openings outlined in yesterday’s Shap Flash have lagged to date. On top of this, a number of airports will be resuming operations today. As a reminder, here is the list of East […]
Continue Reading »Hurricane Irma UpdateHurricane Irma Update
- September 11, 2017
In light of Irma’s changing trajectory and weakened condition, there are a number of updates to the information released in last Friday’s Shap Flash. Please note the following: Port of Charleston is open and operating normally. Port of Savannah is CLOSED. As of now, it is expected to re-open on Wednesday, 9/13. We are not […]
Continue Reading »Irma Threatens Supply Chains Across the U.S.Irma Threatens Supply Chains Across the U.S.
- September 8, 2017
The most recent forecasts for Hurricane Irma now predict the Category 5 storm will make landfall in Florida tomorrow morning, after which Irma is expected to continue her trajectory, diminishing in size and severity throughout her journey along the Southeast coast of the U.S. In anticipation of Irma’s disastrous path, numerous ports along the Southeastern […]
Continue Reading »Houston and Gulf Coast Ports Expected to Resume Operations by Labor DayHouston and Gulf Coast Ports Expected to Resume Operations by Labor Day
- August 31, 2017
Despite the destructive wake of Hurricane Harvey, which was officially classified as a Category 4 hurricane, the majority of affected Gulf Coast ports are hoping to resume normal operations by Labor Day. Though the Coast Guard has already reinstated partial operations at a few smaller Gulf Coast ports, namely Corpus Christi, Lake Charles and Galveston, […]
Continue Reading »Houston, A Crippled Transportation HubHouston, A Crippled Transportation Hub
- August 29, 2017
Based almost exclusively on the historical levels of flooding in the aftermath of Hurricane Harvey, all major components of Houston’s vast transportation gateway are closed and inoperable. George Bush Intercontinental Airport (IAH), The Port of Houston, and all major rail ramps remain closed with only IAH hoping to open as early as Thursday, August 31st. […]
Continue Reading »2017 BRICS Summit in Xiamen Likely to Cause Congestion and Delays2017 BRICS Summit in Xiamen Likely to Cause Congestion and Delays
- August 25, 2017
The 9th annual BRICS (Brazil, Russia, India, China and South Africa) Summit, which is touted as a major international relations event that brings in top officials from each member nation, is being hosted in Xiamen, China this year. The 2017 summit will officially take place between September 3rd and 5th. However, tightened security measures leading […]
Continue Reading »ILA Considering One-Day Work Stoppage for East and Gulf Coast PortsILA Considering One-Day Work Stoppage for East and Gulf Coast Ports
- July 25, 2017
Although no date has been set and no firm details are available, the International Longshoremen’s Association has begun to lay the groundwork for a one-day work stoppage at ILA ports from Houston to Maine. The ILA hopes to draw attention to two issues affecting its members: the activities of the Waterfront Commission in the ports […]
Continue Reading »PierPass and WCMTOA Implement August 1 TMF IncreasePierPass and WCMTOA Implement August 1 TMF Increase
- July 13, 2017
PierPass, a non-profit company that seeks to create greater port efficiency and sustainability, and the West Coast Marine Terminal Operator Agreement (WCMTOA) have announced an increase to the Traffic Mitigation Fee (TMF) at the Ports of Los Angeles and Long Beach. The modified TMF will go into effect on August 1, 2017 and will reflect […]
Continue Reading »COSCO Likely to Acquire OOCL for $6.3 BillionCOSCO Likely to Acquire OOCL for $6.3 Billion
- July 10, 2017
COSCO Shipping has paired with Shanghai International Port Group (SIPG) in a consolidated effort to purchase Orient Overseas International Ltd. (OOIL), the holding company overseeing Orient Overseas Container Line (OOCL). The proposed deal would pay OOIL $10.07 per share, which equates to roughly $6.3 billion. If OOIL accepts the offer then COSCO would assume a […]
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