2016 Archive

Effective November 15, 2016, an exporter must incorporate the new harmonized “Destination Control Statement” (DCS) as an integral part of the commercial invoice for tangible exports, reexports, and retransfers of items controlled under either the International Traffic in Arms Regulations (ITAR) or the Export Administration Regulations (EAR). The DCS reads as follows: Destination Control Statement “These […]

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The fallout from Hanjin combined with lackluster cargo demand, over capacity, bottoming oil prices and historic low container freight rates drove the decision to merge Japan’s three largest shipping companies. Kawasaki Kisen Kaisha (K-Line), Mitsui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK) announced a joint venture to integrate their container shipping businesses beginning next July. […]

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