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Sam Permutt, Express Trade Capital A back-to-back letter of credit (LC) is a common, but often overlooked, form of trade financing. In a typical back-to-back LC scenario, an intermediary trading company receives an inbound LC from the buyer’s (applicant’s) bank…
Sadie Keljikian, Express Trade Capital President Trump’s promised trade war has begun and it doesn’t look like there will be any winners. Earlier this year, Trump imposed a series of new import tariffs on goods made outside the US, particularly…
Sadie Keljikian, Express Trade Capital The following is an update on recent tariff adjustments on steel, aluminum, and Chinese-made products. Steel and Aluminum Products: Several Presidential Proclamations signed in March 2018 have collectively implemented Section 232 of the Trade Expansion…
Sadie Keljikian, Express Trade Capital An explosion and subsequent fire broke out at the Yantian Container Terminal on the evening of November 10th. The fire was said to be highly destructive, burning at least one container, assumed to be full…
Sadie Keljikian, Express Trade Capital The shipping and logistics industry is constantly evolving. With the changing landscape of domestic and international trade, consumers’ varied and shifting priorities, and the breakneck pace of new technological developments, it can be difficult to…
Peter Stern, Express Trade Capital Harmful invasive pests and pathogens are found in the solid wood packing material (SWPM) that accompanies shipments in international trade. Wooden pallets, crating, and dunnage can harbor environmentally and economically harmful species that use the…
Peter Stern, Express Trade Capital CBP informed the trade community today of anticipated trade interruption due to Hurricane Irma. At this time planning is centered on potential impact to southern Florida ports. CBP issued CSMS 17-000540 yesterday with the same basic instructions…
Sadie Keljikian, Express Trade Capital Longshore workers from 29 ports across the west coast have voted to determine whether to extend the collective bargaining agreement they share with the Pacific Maritime Association, or PMA, for an additional three years. Early…
Sadie Keljikian, Express Trade Capital A galaxy of constantly changing regulations governs the complex world of US imports. In our previous article on this subject, we focused on agricultural and licensed products. This time, we focus on some of the…
Sadie Keljikian, Express Trade Capital Importing into the US requires considerable coordination. When you import goods, your shipment is often relayed among several other parties before you receive it: the supplier/exporter (or the person who ships the goods to you),…