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Happy Chinese New Year. May peace, health and prosperity be yours. Not only now, but also throughout the New Year of Dog! GONG XI FAT CAI

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04/20/2018

Update: Generalized System of Preferences (GSP) Renewal

Update: Generalized System of Preferences (GSP) Renewal   Dear Valued Customer,   The renewal of the Generalized System of Preferences (GSP) will go into effect April 22, 2018. Customs Border Protection (CBP) will begin issuing GSP refunds on qualified goods shortly after the effective date, but will not offer any interest payments. Refund requests must be submitted to your broker prior to September 19, 2018.   Duty payments will terminate on April 22nd, but until then, importers should continue to flag GSP-eligible importations as Special Program Indicator (SPI) "A" and expect to pay normal duty rates. Entry summaries submitted during the lapse period with a special program indicator "A" will be eligible for refund.   Entry summaries submitted by importers during the lapse period wherein a special program indicator "A" was not transmitted are still eligible to submit a refund request, known as a post-importation GSP claim. According to CBP; letters, Post Summary Corrections (PSC) or Protests are all acceptable ways to submit duty refund requests.   Should you have any questions regarding this update, please contact your brokerage representative at OEC Group.     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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04/18/2018

May 1, 2018 General Rate Increase (GRI)

  Dear Valued Customer,    Effective May 1, 2018 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 - May 1, 2018 USD         900 / 20' USD       1000 / 40' USD       1125 / 40' HQ USD       1125 / 40' Reefer USD       1266 / 45' USD        18 / LCL   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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