Space on box ships out of Asia now going, going, gone – to the highest bidder
January 12, 2021
Major forwarders are engaged in fierce bidding wars in China, in order to secure equipment and space to North Europe.
And several carriers are reported to have opened first- and second-round tenders with the highest bidders for guaranteed shipment this month.
In 2020, Why does the serious •Container Shortage• problem happen?
December 2, 2020
The current issues with container & truck shortages can be frustrating for many! COVID-19 had had a direct impact on supply chains across the globe, creating shortages and delays at nearly every corner. Check out this informative video that helps us understand the reasons for these shortages.
U.S. Customs & Border Protection
April 20th, 2020
CSMS #42423171
COVID-19 – 90 Day Postponement of Payment for the Deposit of Certain Estimated Duties, Taxes, and Fees
On April 20, 2020, the Secretary of the Treasury and U.S. Customs and Border Protection (CBP) will be postponing for 90 calendar days the deadline for payment for the deposit of certain estimated duties, taxes, and fees for importers experiencing a significant financial hardship due to the coronavirus disease (COVID-19). This temporary postponement applies to formal entries of merchandise entered, or withdrawn from warehouse, for consumption (including entries for consumption from a Foreign Trade Zone) in March 2020 or April 2020. CBP will not return deposits of estimated duties, taxes, and fees that have already been paid.
This temporary postponement does not apply to any entry, or withdrawal from warehouse, for consumption, where the entry summary includes merchandise subject to one or more of the following:
- Antidumping duties,
- Countervailing duties,
- Duties assessed pursuant to Section 232 of the Trade Expansion Act of 1962,
- Duties assessed pursuant to Section 201 of the Trade Act of 1974, and
- Duties assessed pursuant to Section 301 of the Trade Act of 1974.
No interest will accrue for the postponed payment of such estimated duties, taxes, and fees during this 90-day postponement period. No penalty, liquidated damages, or other sanction will be imposed for the postponed payment of the deposit of estimated duties, taxes, and fees in accordance with this temporary postponement.
This temporary postponement does not apply to deadlines for the payment of other debts to CBP, including but not limited to deadlines for the payment of bills for duties, taxes, fees, and interest determined to be due upon liquidation or reliquidation, deadlines for the payment of fees authorized pursuant to 19 U.S.C. 58c (except for merchandise processing fees and dutiable mail fees), or deadlines for the payment of any penalty or liquidated damages due to CBP.
To determine the amount of estimated duties, taxes, and fees owed, the date used for calculation remains the date that would have otherwise applied in the absence of the 90-day postponement period.
For entries eligible for this temporary postponement, the requirement to pay the deposit of estimated duties, taxes, and fees for the purpose of establishing the time of entry stated in 19 CFR § 141.68 is waived.
The timeframe for entry summary filing is not changed.
SIGNIFICANT FINANCIAL HARDSHIP
An importer will be considered to have a significant financial hardship if the operation of such importer is fully or partially suspended during March 2020 or April 2020 due to orders from a competent governmental authority limiting commerce, travel, or group meetings due to COVID-19, and as a result of such suspension, the gross receipts of such importer for March 13-31, 2020 or April 2020 are less than 60 percent of the gross receipts for the comparable period in 2019.
An eligible importer does not need to file documentation with CBP to be eligible for this relief but must maintain documentation as part of its books and records establishing that it meets the requirements for relief. CBP may also conduct a review of the documentation at a future date to ensure compliance with the requirements.
ENTRIES NOT ELIGIBLE FOR THE 90-DAY POSTPONEMENT
This temporary postponement of payment of estimated duties, taxes, and fees does not apply to any entry, or withdrawal from warehouse, for consumption, where the entry summary includes merchandise subject to antidumping duties, countervailing duties and/or Section 201, 232 or 301 duties.
In order to take advantage of the 90-day postponement period, importers/filers must ensure their entries do not include merchandise that is ineligible for the postponed payment. If, for example, an entry is filed with merchandise subject to antidumping duties, AND merchandise not subject to antidumping duties, the entire entry will NOT be eligible for the 90-day postponed payment. As an alternative, CBP is authorizing the submission of separate entries pursuant to 19 CFR § 141.52. This authorization only applies to entries that have not yet been filed; it does not apply to entries that have already been filed. So if, as in the above example, a shipment has merchandise subject to antidumping duties, AND merchandise not subject to antidumping duties, two separate entries can be made.
PAYMENT TIMEFRAMES
Estimated duties, taxes, and fees paid on single pay basis or Daily Statement may be postponed up to 90 days from the payment due date.
Example:
Original Due Date – April 30, 2020
90-Day Postponement – July 29, 2020
Estimated Internal Revenue Tax paid via the deferred tax schedule may be postponed up to three months from the payment due date.
Example:
Original Due Date –
April 29, 2020
May 14, 2020
3 Month Postponement –
July 29, 2020
August 14, 2020
Estimated duties and fees paid via Periodic Monthly Statement (PMS) may be postponed up to three months, as defined by the 15th working day of the third month.
Example:
Original Due Date –
April 21, 2020
May 21, 2020
3 Month Postponement –
July 22, 2020
August 21, 2020
PAYMENT INSTRUCTIONS
To facilitate this temporary postponement, CBP encourages importers and filers to take advantage of Automated Clearinghouse (ACH) for electronic payment to the greatest extent possible.
The authorization of 90 additional calendar days without penalty for payment applies whether an entry summary is paid as a single-pay check, ACH Daily and Monthly Statement, or PMS.
–
Importers/Filers who choose to take advantage of the additional 90 calendar days for the payment of the deposit of estimated duties, taxes and fees have the responsibility to schedule payments accordingly. CBP will not adjust statement dates. Any adjustments to the April PMS must be made prior to 11:59PM eastern time on Monday, April 20, 2020.
Effective Sunday, April 19, 2020, CBP is deploying updates to the ACE SU statement transaction to give the importer/filer more flexibility when removing entries from a PMS:
- Entries removed from statement no longer have to be submitted as single pay. The importer/filer can reschedule entries that were removed from one statement for another statement.
- The importer/filer can now remove Remote Location Filing (RLF) entries from a PMS, including the April PMS, and schedule those entries for another statement.
- The importer/filer can now schedule the month further out than two months, so that they do not have to further push the Periodic Daily Statement (PDS) date. This will allow the importer/filer to file an entry with an April PDS date and schedule for the July monthly statement.
ADDITIONAL INFORMATION
The trade community should monitor CSMS and the CBP COVID-19 Updates and Announcements webpage for additional changes related to COVID-19. Policy questions should be directed to the Office of Trade, Trade Policy and Programs at OTentrysummary@cbp.dhs.gov.
Vendor Update - Shipco Transport
April 7th, 2020
USA Shipco Offices
- As many other companies, Shipco Transport is fully operational, with less than 5% staff in the office on average & all other staff members working from home.
Ports, Terminals & CFS
- Several terminals on the US West Coast continue to operate with reduced hours and closures on certain days. Most other ports, terminals and rail heads appear to work largely uninterrupted at this time. CFS staff is reporting to work as part of the essential workforce. All CFS stations ar working well, even as they are challenged adjusting to the health & safety precautions necessary.
Truckers
- While not yet at a critical level, Shipco is hearing reports from trucking companies that getting the necessary amount of drivers has been difficult as a result of quarantine.
Canada Shipco Offices
- All Shipco Canada offices are open and remain operational with 95% of staff working from Home.
- All Ports and Terminals are open and are working as normal. CFS Stations are reporting that Import LCL Cargo is not moving out of the facility as quickly as “normal” due to many Consignee being forced to close. Till today, CFS’s are operating as normal.
Chile Shipco Offices
- All Shipco offices are open and fully operational, with 100% of staff working from home. All Ports and Terminals are fully operational.
- The government has decreed a general curfew from 22:00 until 05:00. The government decreed general Lockdown (stay at home) on 7 of the most commercially active and affluent Municipalities of the Greater Santiago. This will impact 1.3 million people. Including Las Condes where Shipco Chile office is located.
COVID-19 Update from Fracht North America
April 3, 2020
We at Fracht North America understand that the spread of COVID-19 is now a global concern, disrupting many channels of business activity, including logistics. Currently, governments around the world are under increasing pressure to impose additional restrictions and reduce the future impacts of the virus.
As a global company that is active in numerous communities around the world, our thoughts are with our colleagues, customers and suppliers who are working tirelessly to overcome the unique challenges brought on by COVID-19. Our sincere appreciation goes to all those in the medical field and corresponding industries protecting the health and wellness of those impacted and all others supporting and upholding our essential industries.
At this time, our primary focus is to protect the health and safety of our employees while ensuring our customers’ operations continue as routinely as possible. We are providing our colleagues with daily updates in order to support our customers’ needs.
At Fracht North America, the health and safety of our customers and employees remains our top priority. All Fracht North America offices have implemented actions according to recommendations from the World Health Organization and the Center for Disease Control and Prevention, including social distancing, additional hygiene awareness and voluntary quarantine. At this time, all Fracht North America offices have transitioned to a work-from-home platform, in order to protect the health and wellness our of employees as well as comply with all governmental restrictions. Additionally, we have implemented global travel restrictions and external and internal meetings are solely conducted via video conference.
We hope this information provides reassurance during this difficult period. Should you have any questions or concerns, please do not hesitate to reach out to your local Fracht North America representative for more information.
Thank you,
Fracht North America