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Happy Chinese New Year! May the year of Rooster bring you prosperity, good luck and good fortune! GONG XI FAT CAI

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12/07/2017

January 1, 2018 General Rate Increase (GRI)

Dear Valued Customer,    The vessel operating carriers of the Transpacific Stabilization Agreement (TSA) have filed for a General Rate Increase (GRI) to be effective January 1, 2018 on 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 - January 1, 2018 USD         900 / 20' USD       1000 / 40' USD       1125 / 40'HQ 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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11/23/2017

Merchandise Processing Fee Adjusts For 2018

  Dear Valued Customer,    US Customs and Border Protection (CBP) has announced that the Merchandise Processing Fee (MPF) will be adjusted to reflect inflation effective January 1, 2018.   The MPF is assessed by U.S. Customs on most imports into the U.S. The calculation rate, which is 0.3464 percent of declared cargo value, will remain unchanged. However, the minimum MPF will increase to $25.67 and the maximum will increase to $497.99. (For informal entries valued at less than $2500, the MPF will increase to a set fee of $2.05.)   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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