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CBP Recordkeeping Requirements: UPDATE!

A long-overdue modification of CBP’s recordkeeping requirements has been announced this week, with an anticipated effective date of January 11, 2013.  Current regulations require that all records are to be kept “within the broker district that covers the Customs port to which they relate,” a requirement which severely complicates the recordkeeping process for many companies. The new regulations will eliminate […]

FMC Simplifies Negotiated Rate Arrangements

The Federal Maritime Commission revised its Negotiated Rate Arrangement (NRA) regulations to reduce recordkeeping requirements.   With immediate effect, the FMC is a) eliminating the requirement for the shipper’s title and address in their written assent to rates, b) eliminating the requirement that the bill of lading include a notice that a shipment is moving pursuant to an NRA; and c) […]