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Roanoke’s CBP bond underwriters have heightened concerns on certain sugar importations from Mexico. Licensed customs brokers should beware of potential liquidated damage exposures relating to failure to provide export licenses. On September 4, 2014, the Department of Commerce (DOC) published a preliminary countervailing duty determination on case no. C-201-846 in the Federal Register (see admin message 4247301). The commodity is certain “raw and refined sugar from cane or beets” from Mexico. A subsequent notice listed the following HTSUS subheadings: 1701.12.1000, 1701.12.5000, 1701.13.1000, 1701.13.5000, 1701.14.1000, 1701.14.5000, 1701.91.1000, 1701.91.3000, 1701.99.1010, 1701.99.1025, 1701.99.1050, 1701.99.5010, 1701.99.5025, 1701.99.5050, and 1702.90.4000. On December 19, 2014, the U.S. […]
The world’s third-largest port in terms of total cargo volume in Tianjin, China was hit on Aug. 12 by explosions at a hazardous-chemicals warehouse that damaged a large industrial area and sent shock waves across several kilometers. So far reports indicate that 114 people were killed. Initial estimates from Chinese media reports also indicate that total insurance losses could be between $1 billion to $1.5 billion. The site was completely inaccessible two days after the incident, with police cars and fire trucks thronging the area. Tianjin is major base for petrochemicals, refining and other industries. The auto industry is expected […]
Hosted at the elegantly enchanting Casa Larga Winery in Rochester, NY, International Trade Day promises to be the year’s premier event for the global business community. Join Roanoke Trade and other professionals from companies in every major industry for trade talks and panel discussions on top trending topics impacting U.S. importers and exporters. $125 Importer & Exporter Sessions (Full Day) 3 CCS & 3 CES Credits Importer session from 8:30am-12pm Gourmet lunch from 12-1:00pm Exporter session from 1-4:30pm Wine reception from 4:30-6:30pm $75 Importer Session (Morning) 3 CCS Credits Importer session from 8:30am-12pm Gourmet lunch from 12-1pm Wine reception from […]
The trade and transportation industry is increasingly becoming vulnerable to cyber attacks. As global commerce is being conducted in an electronic environment, interruption to the supply chain caused by cyber attacks is a genuine concern. Loss of data caused by a virus or malware can cripple a company’s ability to conduct business and consequently affects all companies down the chain. This essential webinar has been approved for 1 CCS/CES credit. This webinar will take place on Thursday, September 3rd from 1:00PM – 2:00PM ET. Cost is $50 for members, $75 for non-members. Due to an unexpected emergency, this webinar was […]
New regulations covering the safe shipment of lithium batteries went into effect beginning August 7, 2015, after being pushed back by six months to allow the industry enough time to adjust to the new requirements. Ruling HM-224F, set by the U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA), requires shippers moving lithium batteries by ground to meet specific package marking and hazard communication documentation standards. The new regulations require that packages containing fewer than 24 cells or fewer than 12 batteries to have a hazard mark or special documentation when being shipped by ground in the same […]
Munich Reinsurance Company, one of the world’s leading reinsurers, earlier this month released its review on natural catastrophes for the first half of 2015. (Roanoke Trade is a subsidiary of Munich Re Group.) Although insured losses from natural catastrophes totaled about $12 billion in the first half of 2015, lower than the long-term average of $15 billion, there were significant deaths as a result of the earthquake in Nepal and heat wave in India and Pakistan. In fact, in the first half of the year, a total of over 16,000 people died in severe weather events and earthquakes. According to […]
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