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| December 3, 2007 |
| Ocean Freight | Air Cargo | Customs & Border Protection |
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Welcome to the first electronic newsletter from International Freight Systems!!!
Over the years we have always tried to keep our clients informed of the latest trends
and changes in international trade with personal calls and emails. We have no intention
of replacing those one-on-one communications. However, with the tremendous number
of changes in security measures, the constant fluctuation of transportation costs
and the incredible
amount of information affecting international commerce, we have
decided to share the most pertinent items that will have an impact on most, if not
all, of our importing and exporting clients through an electronic newsletter.
News relating to product or trade route-specific changes will continue to be communicated
to our clients individually.
We hope that you will find our newsletter informative and of great benefit to you
in our continued monitoring of international trade rules, regulations, oversight
and trends.
If you have questions about anything that we report, please feel free to contact
us for further in-depth discussion and review as you have done in the past.
The International Freight Systems staff |
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Ocean Freight
Increase in BAF for the Transpacific Market
We will
keep you updated as much as possible on increases in BAF from Asia to
North
America and vice versa. The ocean carriers
have increased their fuel surcharge monthly to try to keep up with the price of
fuel. While we try to negotiate the
best rates with the ocean carriers on behalf of our customers, these BAF increases
represent a 12% increase from November to December, and another 20% increase from
December 2007 to January 2008.
In addition,
the BAF rates on the Transatlantic Market have increased on an average of 20% per
month for the last 2 months.
Furthermore,
some ocean carriers have stated that they intend on charging a new surcharge called
EFR (Emergency Fuel Recovery) which will be effective December 20, 2007.
This is in addition to the normal BAF increases.
Stay tuned.
Vessels full to capacity
Please
be advised that vessels both inbound and outbound are full to capacity and in many
cases overbooked. We strongly suggest
that you book your cargo at least 2 – 3 weeks in advance of the vessel cut off so
that we can insure space for you.
PSS extended
Due to
the high volume of ocean cargo from Asia to the
TSA (Transportation Security Administration) inspection of cargo
Please
be aware that when shipping air cargo there are many layers of security and regulations.
All cargo
shipments are subject to inspection.
International Freight Systems will not automatically perform such inspection, except
as may be required by law.
Please
watch for further updates on new TSA requirements.
The TSA regulates all aspects of air cargo security.
Their website is www.tsa.gov
Airlines Continue to Announce Increase in Fuel Surcharges
The airlines announced additional increases in fuel surcharges in November. The marketplace has been receiving a new round of increase notices from the carriers with effective dates ranging from the beginning to mid December. Please consult your International Freight Systems representative for current details.
Customs & Border Protection
Updates
Following
are the 2008 Federal Holidays.
January
1, 2008
New Year’s Day
January
21, 2008
Martin Luther King Jr.’s Birthday (observed)
February
18, 2008
President’s Day
May 26,
2008
Memorial Day
July 4,
2008
Independence Day
September
1, 2008 Labor Day
October
13, 2008
Columbus Day
November
11, 2008 Veteran’s Day
November
27, 2008 Thanksgiving
Day
December
25, 2008 Christmas Day
International Freight Systems (of WA) LLC Newsletter is a
bulletin for customers and partners. Information contained in this publication
has been gathered from a number of public sources that, to the best International
Freight Systems’ knowledge, are true and correct.
It is our intent to present only accurate information.
However, in the event any information contained in this newsletter is erroneous,
International Freight Systems (of WA) LLC accepts no liability or responsibility.
For more
information on importation and
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