QUESTION: Looking for industry input if companies are screening against the US SAM list as part of your screening program? This list is the System for Award Management. It is my understanding that entities/persons on this list cannot apply or be awarded government assistance; but are not considered debarred or sanctioned from international activities. I […]
QUESTION: Company A USA transfers inventory to Company B South Korea both are related entities. Company B repairs the goods and returns the goods back to the USA. I am looking for guidelines for transfer price valuation for shipping these items to South Korea for South Korea customs purposes. ***************** Answers: Korea is a part of the […]
QUESTION: Hi we import novelty items and toys. Historically, we have been using 50% weight and 50% volume method to calculate the ocean freight cost. Our products are hardly considered heavy weight. What is your common practices on freight calculation? My experiences with other companies I worked for are all based on volume. What do […]
QUESTION: My company is looking into renewing the contracts with our export freight forwarders who are also responsible for the export filing. What export compliance requirements or KPIs are typically included in freight forwarder contracts? **************** Answers: “our export freight forwarders who are also responsible for the export filing”… actually, they are filing on your […]
QUESTION: Hi we import novelty items and toys. Historically, we have been using 50% weight and 50% volume method to calculate the ocean freight cost. Our products are hardly considered heavy weight. What is your common practices on freight calculation? My experiences with other companies I worked for are all based on volume. What do […]
QUESTION: We issue End User Forms for international orders to identify all parties in a transaction, including the end user, and to also to confirm the party will not export, re-export, or otherwise distribute any products in violation of the United States Export Administration Regulations. Most of our international transactions involve sales to our distributors […]
QUESTION: We have a supplier citing force majeure with Covid-19 as the reason for extremely delayed delivery of ocean cargo goods. My company is caught in the middle, having missed shipments with our customer due to the lack of raw materials. Any members facing this situation? Even if not, please share your opinion as to […]
QUESTION: I would like to send as a gift to my Nephew my used Rolex that is worth about $12K, he is in Frankfurt and I’m on Miami, what will be the best way to send the watch and what will be the customs implications ========== Answer: That is a tough one. I believe courier […]
QUESTION: The latest Miscellaneous Tariff Bill (MTB) final report was submitted by the ITC to Congress on 8/10/2020. Our petition is listed in category II in the final report. (We petitioned for duty free). What are the next steps in the (Government Approval) process for the MTB that began in 2019? When and how […]
QUESTION: Do I need to be a LCB to clear the goods for my own company? We are thinking it would be best to have a back up for Canada border crossing shipments in case the driver is waiting and our broker doesn’t clear fast enough. How do we sign up for handling our own […]
QUESTION: A gift/incentive item is being sent to various locations in the EU, and UK. It contains the following: bouyiournti, tomato-paprika-paté with Katiki cheese, 250g Greek extra virgin olive oil with oregano, 250ml Greek green olives with basil and garlic in extra virgin olive oil, 250g Greek bread sticks, 300g pistachios lightly salted with a […]
QUESTION: I need to assign this course. Who should be my training audience other than sales? Would you recommend everyone at a company takes this course? The course includes UK Anti Bribery and FCPA. ========== Answers: We include Finance and Sales for this training =========== Depending on how extensive/expensive the training is, and how your […]
