Rayyan Zainal

The best way to track transshipments is through the shipping line’s website. Most shipping services have introduced cargo tracking systems that let the consignors and the consignees track their goods.

A bill of lading (BOL) is generated when a container is sent out for transshipping. The consignee can use either the BOL number or the shipment number to track the departure, location, time of arrival, and other vital consignment details. It will also include all the information about the second vessel.

If the subsidiary is the only company involved in manufacturing or exporting the items, then that is sufficient. If other subsidiaries of the company are involved in exports of ITAR-controlled items, then the parent company or each separate subsidiary must also be registered.

An ECCN is a five-digit alphnumeric code that identifies the classification of an item controlled by the Export Administration Regulations (EAR) and listed in the Commerce Control List (CCL).

The ECCN determines the level of control for an item, software, or technology. The ECCN, as well as the destination of the export, determines whether a license will be required. The HTS code represents the classification within the Harmonized Tariff System (HTS), which is required on import documentation. It is used in determining duties upon import into the United States. An HTS Code is typically comprised of ten digits.

Typical Customs violations include not claiming additional antidumping duties, valuation errors, using an incorrect HTS classification, and claiming a Free Trade agreement or US goods returned that haven’t been verified. Violations can be prevented by using reasonable care, knowing the regulations and reviewing the Informed Compliance Publications from Customs that relate to your business. Other ways to prevent violations include hiring an experienced consultant that can assist you in interpreting the regulations, performing regular audits, and ensuring adequate training to ensure that you are in compliance with the regulations.

The Office of Foreign Assets Control (OFAC) acts as the intelligence and enforcement arm of the U.S. Department of Treasury. The OFAC plays a vital role in preventing money laundering and keeps a sanctions list of blocked persons and sanctioned countries for national security purposes.

OFAC is tasked with using the United States’ economic force to help enact foreign policy, anti-proliferation, and other goals. OFAC sanctions are listed on the OFAC website, and companies must do their due diligence to avoid business dealings with individuals, organizations, and countries to avoid harsh fines and penalties.