Shippers on the Hook for Huge Bill to Refloat the Ever Given

Cargo ship accident with cargo falling into the ocean

The vessel’s owner, Shoe Kisen, declared General Average last week, ensuring the Ever Given’s cargo owners will pay an amount of the costs associated with rescuing the vessel before their goods will be released. The investigation into the grounding of the Ever Given in the Suez Canal has begun, and shippers with cargo onboard have […]

USMCA – Are You Ready?

Compliance Alert

Are you ready for USMCA? The new trade agreement goes into effect on July 1, 2020. In our effort to keep you informed, the below is a snapshot of its key provisions and how it differs from NAFTA. The USMCA was signed by all three countries on November 30, 2018 at the G20 Summit in […]

GLOBAL SUPPLY CHAIN UPDATE – An Overview of the Domestic and International Scene

Compliance Alert

We are in the midst of an unprecedented global crisis. There is an information overload as experts share opinions, statistics, and projections about COVID-19’s effect on the economy. It is now clear that the intercontinental supply chain will not return to “normal” until late Q1 or Q2 2021. As time passes, we are able to […]

NEW 90-Day Duty Deferral Program

Compliance Alert

The importing trade community has spent considerable time and effort over the last several weeks in soliciting the Administration to postpone or delay duty payments in light of the current financial hardships many companies are facing due to the COVID-19 pandemic. Over this last weekend, some accommodations have been made available by the Administration for […]

STEAMSHIP LINE STORAGE OFFERINGS – Advantages and disadvantages

Compliance Alert

As the COVID-19 pandemic rages on, experts anticipate that the shipping industry could see a loss of $25-$30 billion this year. These losses would need to be at least partially offset or the landscape of global transportation could drastically change (i.e. bankruptcies, M&A). The industry is waiting to see when container volume will begin to […]

Planning vs. Forecasting – Keys to Maintaining Supply Chain Flow

Compliance Alert

The Covid-19 pandemic continues to wreak havoc on the logistics industry, with experts estimating a 30% decline in the global shipping market through May. Supply chains are crawling. Numerous steamship lines have cancelled entire lanes and announced blank sailings. Experts say even more shipping disturbances could happen with very short notice during Q2 2020. There […]

Global Container Movement – Variables and Projections

Compliance Alert

The global shipping community is in the midst of an unprecedented state of flux. While new information on the Covid-19 pandemic emerges daily, the supply chain continues to experience uncertainty as it struggles to keep up with industry changes. Vessel and air cargo capacity continue to decrease at an alarming rate. All over the world, […]

CARGO INSURANCE – Your defense against unexpected and costly circumstances

Compliance Alert

Cargo insurance is one component of the supply chain that is often misunderstood. Many companies rely on coverage that is provided by the supplier or carrier and naively assume they are adequately protected. While there is nothing inherently wrong with this, understanding the terms and conditions of your policy is paramount. Please consider the following […]

Force Majeure May Be Invoked on Cargo

Compliance Alert

Rumors are circulating in the global shipping community about the invocation of force majeure. Although it is rarely used, force majeure can cause serious disruption in the supply chain. Worse yet, it can add a considerable expense to the consignee. In broad terms, force majeure refers to unforeseeable circumstances that prevents someone from fulfilling a […]

Returned Goods

Compliance Alert

As you know, with the rapidly evolving steps being taken to curb the spread of COVID19, the current global climate is in a constant state of flux. At TLR, we are doing our best to keep up with domestic and foreign movement restrictions that impact trade. As of now, there have been no outright restrictions […]