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  • 10/16/2018

    November 1, 2018 General Rate Increase (GRI)

    Dear Valued Customer,    Effective November 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 - November 1, 2018 USD         900 / 20' USD       1000 / 40' USD       1125 / 40' HQ USD       1125 / 40' Reefer USD       1266 / 45' USD       1600 / 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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  • 09/19/2018

    Update: Section 301 List 3 - Effective September 24, 2018

      Customers of OEC Brokerage received personalized import data analysis in July to assess their exposure to Section 301 duty. If you use an alternative broker, we suggest you request your import history from them and OEC Brokerage can assist with your analysis.   Dear Valued Customer, Yesterday evening, the Office of the United States Trade Representative (USTR) announced that Section 301 List 3 has been finalized after undergoing a public review by the Section 301 Committee. Effective September 24, 2018, Customs and Border Protection (CBP) will begin collecting duty on List 3 affected imports from China.   The finalized List 3 is expected to impose an additional 10 percent tariff on $200 billion in US imports from China until December 31, 2018. On January 1, 2019, the tariff will increase to a rate of 25 percent. As with the announcement of Lists 1 & 2, a formal notice of the List 3 tariff will be published in the Federal Register outlining the process by which affected importers may request exclusion from additional duty. To help ascertain if this policy will impact your shipments, you may find the Harmonized Tariff Schedule of the United States (HTSUS) subheadings pertaining to your imports on your CBP Entry Summary Form 7501. For the finalized List 3 affected products and their harmonized tariff subheading numbers, please see the link below:   https://ustr.gov/sites/default/files/enforcement/301Investigations/Tariff%20List_09.17.18.pdf   Please reference the below timeline to keep track of the upcoming Section 301 events and deadlines:    *CBP will collect 10% duty on List 3 products until December 31, 2018. Beginning January 1, 2019, the rate will be increased to 25%.   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 Sales 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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  • 09/18/2018

    Chinese National Holiday - Golden Week

    Dear Valued Customer,   Please note that, most OEC Group offices in China will have limited operations or be closed from Monday, October 1 through Sunday, October 7 in observance of the Chinese National Holiday week.    Kindly coordinate with your vendors to plan and book shipments in advance to avoid possible delays to cargo as result of factory/office closures, blank sailings, as well as limited port and customs operations.   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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  • 09/14/2018

    Hurricane Florence Update #3

    Dear Valued Customer,    With Hurricane Florence approaching the US Atlantic coast, please take notice of the updated port schedules released by the port authorities of North Carolina, South Carolina, and Virginia.    Due to the incoming storm, most steamship lines have already announced changes to the vessel arrival schedule along the US East Coast. If you are concerned this will affect your shipments, please contact your OEC Group representative for additional information and assistance.    North Carolina Port Authority: https://ncports.com/   South Carolina Port Authority: http://scspa.com/   Virginia Port Authority: http://www.portofvirginia.com/category/operations-alerts/   OEC Group will continue to monitor the situation as it develops.    Should you have any questions regarding this update, please contact your OEC Group sales 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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  • 09/13/2018

    Hurricane Florence Update

    Dear Valued Customer,    As Hurricane Florence threatens to make landfall in North Carolina early Thursday morning, the Port Authorities of North Carolina, South Carolina, and Virginia continue to enact comprehensive storm preparations and provide updates based on the conditions currently anticipated.    In addition to the closures, any major damage to port and terminal assets caused by strong wind and storm surge may also lead to vessel diversions which inevitably puts an enormous strain on trucking capacity in the aftermath of a major hurricane.    Updates to Ports of North Carolina (as of 5 PM 9/12/18): https://ncports.com/ Updates to Ports of South Carolina (as of 5 PM 9/12/18): http://www.scspa.com/ Updates to Ports of Virginia (as of 5 PM 9/12/18): Truck gates at the following Virginia cargo terminals will re-open Thursday, September 13 and observe normal operating hours: Norfolk International Terminal, Portsmouth Marine Terminal, Newport New Marine Terminal, Virginia International Gateway, Richmond Marine Terminal, and Virginia Inland Port.    This update is due to recent forecasts indicating a shift in Hurricane Florence's impact. Port Authority of Virginia is expected to announce additional information tomorrow afternoon regarding terminal operating schedules for the remainder of this week.  http://www.portofvirginia.com/category/operations-alerts/ OEC Group will continue to monitor the situation as it develops.    Should you have any questions regarding this update, please contact your OEC Group sales 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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