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Multipurpose covers a huge variation of vessels including heavy-lift capability, but all are typically geared with some type of crane or derrick. In this modern age, multipurpose vessels will also have hatch openings that allow full access to ’tween decks and lower holds. While ’tween decks can be fixed but often flexible in their location, lower holds can often stretch the full length of the allowable cargo area. Some multipurpose vessels have lift-on, lift-off; roll-on, roll-off; or float-on, floatoff capabilities, and many have container carrying facilities, both in the hold and on deck. Tony Betteridge, head of marine […]
On May 7, 2019, the U.S. Department of Commerce (DOC) posted a press release stating the following: “During the negotiations, Commerce will continue with the investigation and instruct Customs and Border Protection (CBP) to collect cash deposits or bonds based on the preliminary determination by Commerce, which was issued in 1996. Any deposits collected will be refunded if a revised agreement is reached, or the U.S. International Trade Commission (ITC) determines there is no injury based on its own independent investigation.” This modification in the trade law is significant because DOC has not allowed the use of single […]
On May 9, 2019, in the Federal Register, the U.S. Trade Representative (USTR) published a notice advising the duty amount on products subject to Section 301 tariffs contained on list 3 will increase to 25% on May 10, 2019. The move to increase the tariff amount from 10% to 25% is a result of stalled negotiations with China since March. All entries of covered products with BOTH an entry date AND date of export to the U.S. of May 10, 2019 and later, will be subject to the 25% duty, and U.S. Customs and Border Protection (CBP) has […]
\ After careful consideration, you’ve made the decision to obtain Errors and Omissions (E&O) coverage to protect your company’s financial assets. So what exactly are you getting? An E&O policy is a type of professional liability coverage intended to defend your business from suits of negligence, regular business operations errors, and failure to perform business duties. All E&O policies serve the same purpose of liability defense, but not all are created equal. Before deciding on an E&O program, it is wise to consider asking your broker some key questions to ensure that you are getting the best possible coverage. […]
Will we soon see the resumption of a 23-year old investigation? The U.S. Commerce Department’s International Trade Administration recently informed representatives of Mexico’s tomato growers the current suspension agreement would soon terminate. U.S. government officials and representative of both US and Mexico’s growers are negotiating new terms and price floors. Unfortunately, it does not appear all parties will be in agreement prior to the early-May deadline, resulting in the resumption of the 23-year old antidumping investigation. Strong indications are pointing to the end of the existing suspension agreement covering imports of Mexican fresh tomatoes. Termination of a suspension agreement, […]
In the past few years there have been 22 major shipboard fires on mega container vessels. Treacherous weather and other unplanned events also wreak havoc on shipments. Recently, one mega container vessel lost 517 containers. Another had 325 containers go overboard. These unfortunate situations result in, potentially, millions in damage and months of lost productivity. Cargo owners and stakeholders are wondering what can be done to better protect their cargo and minimize supply chain disruptions. Do you understand what to do when General Average occurs? If you’re attending CONECT, the Coalition of New England Companies For Trade’s Annual Northeast Trade […]
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