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May this year of Pig bring new happiness, new goals, new achievements and new inspirations. OEC Group wish you a year fully loaded with happiness.

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08/14/2019

Update: Section 301 List 4A & List 4B 10% Duty Effective

Dear Valued Customer,    This morning, the Office of the United States Trade Representative (USTR) announced their intention to split Section 301 List 4 into two parts: List 4A, which will be effective September 1, and List 4B, which will be effective December 15.    Together, both parts of List 4 encompass the remaining $300 billion worth of Chinese imports that, until recently, remained unaffected by Section 301 tariffs. Commodities on List 4A and List 4B include but are not limited to livestock, foodstuffs, chemicals, plastics, garments, footwear, housewares, ceramics, glass, steel, iron, aluminum, tools, machinery, electronics, computers, toys, and exercise equipment; for the full scope of this action, please review the USTR publications below.   For more information, please follow the links below:   USTR Announces Next Steps on Proposed 10 Percent Tariff on Imports from China   List 4A (Effective September 1, 2019)   List 4B (Effective December 15, 2019)    Client Advisory  August 13, 2019   Update: Section 301 List 4A & List 4B 10% Duty Effective   Dear Valued Customer,    This morning, the Office of the United States Trade Representative (USTR) announced their intention to split Section 301 List 4 into two parts: List 4A, which will be effective September 1, and List 4B, which will be effective December 15.    Together, both parts of List 4 encompass the remaining $300 billion worth of Chinese imports that, until recently, remained unaffected by Section 301 tariffs. Commodities on List 4A and List 4B include but are not limited to livestock, foodstuffs, chemicals, plastics, garments, footwear, housewares, ceramics, glass, steel, iron, aluminum, tools, machinery, electronics, computers, toys, and exercise equipment; for the full scope of this action, please review the USTR publications below.     For more information, please follow the links below: https://ustr.gov/about-us/policy-offices/press-office/press-releases/2019/august/ustr-announces-next-steps-proposed  USTR Announces Next Steps on Proposed 10 Percent Tariff on Imports from China  https://ustr.gov/sites/default/files/enforcement/301Investigations/List_4A_%28Effective_September_1%2C_2019%29.pdf List 4A (Effective September 1, 2019)  https://ustr.gov/sites/default/files/enforcement/301Investigations/List_4B_%28Effective_December_15%2C_2019%29.pdf List 4B (Effective December 15, 2019)  OEC Group is committed to keeping our customers informed on current market conditions and will continue to monitor the situation as it develops.   Should you have any questions regarding this update, please contact your OEC Group Brokerage Representative.     Sincerely yours,   OEC Group   The information contained herein is provided as a public service with the understanding that OEC Group makes no warranties, either expressed or implied, concerning the accuracy, completeness, reliability, and suitability of the information. Nor does OEC Group warrant that the use of this information is free of any claims of copyright infringement. http://www.oecgroup.com               

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08/06/2019

September 1, 2019 General Rate Increase (GRI)

  Dear Valued Customer,   Effective September 1, 2019 General Rate Increase (GRI) has been filed for all cargo imported from Asia ports of loading, to U.S.A., Canada, and Mexico ports/ramps of discharge.   The proposed increases are as follows:   General Rate Increase - September 1, 2019 USD         900 / 20' USD      1,000 / 40' USD      1,125 / 40' HQ USD      1,125 / 40' Reefer USD      1,266 / 45' USD      1,600 / 53'   As it is not possible to predict the future market based on the current trade conditions, OEC Group will continue to monitor the situation as it develops.   Should you have any questions regarding this update, please contact your Sales or Customer Service representative.     Sincerely yours,   OEC Group        The information contained herein is provided as a public service with the understanding that OEC Group makes no warranties, either expressed or implied, concerning the accuracy, completeness, reliability, and suitability of the information. Nor does OEC Group warrant that the use of this information is free of any claims of copyright infringement. http://www.oecgroup.com              

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