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Guide for Understanding the “First Sale Rule” As A Basis for Transaction Value

Guide for Understanding the “First Sale Rule” As A Basis for Transaction Value February 26, 2019

In numerous rulings, Customs Headquarters has set forth the following as the legal basis for the “First Sale Rule”. The preferred method of appraisement is transaction value, which is defined as the “price actually paid or payable for the merchandise when sold for exportation to the United States” plus certain statutory additions. Customs presumes that...

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A Real-world Case to Consider Marine Cargo Insurance: M/V Yantian Express

A Real-world Case to Consider Marine Cargo Insurance: M/V Yantian Express January 24, 2019

Our clients frequently ask us about the pros and cons of purchasing marine cargo insurance. It may be something you have debated yourself for your shipments. A recent event provides some real-world lessons that can help guide your decision. If you are in the international shipping business, you’ve probably heard about the fire on board...

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Joining the National Customs Brokers & Forwarders Association of America:  Why It Matters to You

Joining the National Customs Brokers & Forwarders Association of America: Why It Matters to You January 17, 2019

As an owner of a customs brokerage and freight forwarding firm, as well as being the President of the NYNJFFBA chapter, I’ve had a unique opportunity to witness the impact a national association can have on the things that matter most to me and to our company. Every day, the national organization speaks for me...

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Government Shutdown: How It Affects Your Import Business

Government Shutdown: How It Affects Your Import Business January 14, 2019

The current government shutdown has caused a number of changes that may affect the import industry, as it has affected many others. During this period of uncertainty, Customs and Border Protection officials are holding weekly update calls with leaders of the National Customs Brokers & Forwarders Association of America, Inc. (NCBFAA). While there are some...

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