Dear Valued Customer, Effective December 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 - December 1, 2018 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
Dear Valued Customer, Barring any further delay from the Federal Maritime Commission, PierPass revised OffPeak program for the Ports of Los Angeles and Long Beach will go into effect November 19, 2018. The revised program proposes an appointment based system at all terminals and reduced flat fee on all truck moves, regardless of time of day. PierPass currently charges drivers a fee of $72.09 per TEU for terminal usage during the day and waives the fee during night hours. However, increased port congestion immediately prior to night hours has caused PierPass to revise their policy. When the plan goes into effect, the PierPass charge will decrease to $31.52 per TEU or $63.04 for all other container sizes, but will no longer be waived during night hours. How Will this Affect My Shipments? Due to the implementation of port-wide appointment system, we anticipate many importers may have to require truckers to pick up their containers from the terminals before they are actually able to take the delivery. This practice is often used to avoid demurrage and is otherwise known as a pre-pull. If you don't normally factor pre-pulls into your supply chain, you may consider implementing more flexible warehouse receiving policies whenever possible to avoid additional pre-pull costs. Examples of stricter receiving policies include provisioning specific time frames for cargo delivery and/or using warehouses that require appointments. Generally speaking, the stricter your receiving policies, the more likely you may be to require truckers to pre-pull your containers from the terminals, incurring additional pre-pull charges. For additional information regarding the revised PierPass OffPeak Program, please follow the below links to the PierPass website: https://www.pierpass.org/news/revised-pierpass-offpeak-start-expected-nov-19-at-ports-of-los-angeles-long-beach/ https://www.pierpass.org/wp-content/uploads/2018/10/QA-on-New-OffPeak-Program_10-11-18.pdf 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 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
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
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
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
