by Alex Pappas | Nov 20, 2019 | Freight Forwarder, Logistics, Supply Chain Dictionary
How the Chinese New Year Affects Shipping The Chinese New Year and its Global Impacts Most major holidays have unique impacts on varying industries. The Chinese New Year is arguably the most important holiday in how it impacts the logistics of businesses on a global...
by Alex Pappas | May 31, 2019 | Compliance, Freight Forwarder, Logistics, Supply Chain Dictionary
What is an HTS Code? Anatomy of an HTS Code HTS is the abbreviation for Harmonized Tariff Schedule. The HTS is a master list of 10-digit codes that classifies internationally traded goods. It was developed in 1988 by the World Customs Organization – not only to...
by Alex Pappas | Jul 25, 2018 | Compliance, Freight Forwarder
Trade War with China: An Importer’s Survival Guide Unfortunately for many businesses in the USA, America finds itself in the position of fighting a “four front” trade war against Canada, Mexico, the entire European Union and, most significantly of all, China. That...
by Alex Pappas | Mar 9, 2018 | Supply Chain Dictionary
What is Merchandise Processing Fee (MPF)? Definition The Merchandise Processing Fee (MPF) is a fee imposed by U.S. Customs and Border Protection (CBP) for most U.S. imports. The MPF is charged at 0.3456% of the value of the merchandise being imported. There is a...
by Alex Pappas | Feb 2, 2018 | China, Freight Forwarder, Logistics
An Importer’s Guide to Chinese New Year It’s mid-February, nearing your shipment deadline, and your supplier in Shanghai hasn’t responded since your last email a week ago. While an entire country is celebrating, you’re in full panic-mode. Maybe you forgot or maybe you...