A(nother) Case for Insurance The Loadstar has reported another at-sea incident where containers have been lost from a vessel travelling from Asia to Europe. 44 Containers lost overboard and at least another 30 damaged. Your forwarder should be protecting you by offering transportation insurance for each and every shipment you're responsible for. You have up until departure time to arrange it, and it's a very simple and cost effective transaction that will protect you and your customers. Learn more about coverage and allow us to answer any questions you may have here: https://lnkd.in/eWXFtNtK
Alba Wheels Up International
Transportation, Logistics, Supply Chain and Storage
Valley Stream, New York 3,169 followers
About us
Over the past 70 years Alba Wheels Up® International has strived to provide the most advanced and value added services within the custom brokerage and forwarding sector. Today’s logistics environment is as dynamic as ever, and requires the right skills and expertise to expedite freight in this new regulatory world. As your strategic partner, we are constantly enhancing our services to your specific needs and proud to help our customers become the premier companies in their industries. You have our commitment to excellence.
- Website
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http://www.albawheelsup.com
External link for Alba Wheels Up International
- Industry
- Transportation, Logistics, Supply Chain and Storage
- Company size
- 201-500 employees
- Headquarters
- Valley Stream, New York
- Type
- Privately Held
- Founded
- 1949
- Specialties
- Supply Chain Managment, Freight Forwarding, Logistics, Customhouse brokerage, Compliance, Cargo Insurance, Trade Advisors, Transportation, Demand Planning, and Trade Sensitive Specialists
Locations
Employees at Alba Wheels Up International
Updates
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The USDA has found it necessary to issue a warning about an eMail phishing scam where bad actors are falsely representing the department in an effort to gather sensitive information. We want to pass this information on to help keep your organization and your data protected. Please be on the lookout for the following information: Fake Sender: admin @ organic-ams-usda.gov < asantiago19 @ blackstoneacademy.org > Email Subject: 2024 Organic Integrity Database Information Verification Fake Sender: admin @ usda.gov [mailto: bwhiting26 @ springcreekacademy.com] Email Subject: 2024 Certificate Holder Information Verification Don't be fooled by the use of authentic-looking logos, names, and certification suspension threats in these emails - simply delete the email completely. If you accidentally click a link in a suspicious eMail using the above info, or any suspicious eMail at all, please immediately report the issue to your own in-house information technology team. If you then have doubts or questions, please reach out to the USDA directly at usda.gov.
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The FDA has issued a guidance document that, when finalized, will describe the FDA’s current thinking on questions firms may have when addressing misinformation about or related to their approved and cleared medical products. This guidance revises and replaces the draft guidance entitled “Internet/Social Media Platforms: Correcting Independent Third-Party Misinformation About Prescription Drugs and Medical Devices” that was issued in June 2014. You can review the guidance here: https://lnkd.in/g2cB2gQA
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Founder & Co-Chairman at Alba Wheels Up - International Freight Forwarder & Customs Broker
Be Aware of Customs Bond Stacking! As the election approaches, importers should start preparing. With potential increased tariffs, bond stacking is a hidden threat. This can pose significant financial challenges for importers, with one key aspect often overlooked - the cost of business impacted by customs bonds. Importers securing bonds to cover duties, taxes, and fees for shipments over $2,500 must adapt to the changing landscape. Bonds typically account for 10% of the annual duties paid (past 12 months) to U.S. Customs and Border Protection (CBP). The impact of future tariffs, especially those affecting imports from China, can lead to a surge in the required value of customs bonds. For instance, If a company imports $50 million in first cost from China and pays $5 million in duties a year, it needs to secure a Customs bond valued at $500,000 to cover the 10 percent of those duty costs. When faced with increases of 15 percent tariffs, the same company importing $50 million worth of goods from China faces paying $12.5 million in duties (15 percent of $50 million is $7.5 million, plus the $5 million in duties it was paying already). That means the company would have to secure a new bond valued at $1.3 million (because customs bonds are rounded off to the next hundred thousand), up from the $500,000 bond that previously suffice. What happens then is a bond stacking issue, until the goods tied to the initial bond of $500,000 are liquidated—liquidation is the final phase of importing, which can take up to 314 days as Customs assesses the correct amount of duty owed for goods brought in—those old bonds have to remain in place. ❗ That means a company in the aforementioned scenario could hold a bond worth $500,000 and $1.3 million at the same time, adding up to a total of $1.8 million counted against its borrowing ability. Importers must navigate financial strains, potential borrowing difficulties, and the challenge of managing increased costs. To mitigate risks, importers are advised to run forecast reports, 🔴 secure bonds with extra cushion, and proactively plan for tariff fluctuations. I emphasize the importance of strategic financial management in anticipating and adapting to tariff changes successfully. Proactive planning, accurate forecasting, and staying informed about tariff adjustments are vital for importers to ensure compliance and financial stability in the evolving trade landscape. Consultation with experts remains crucial for businesses to thrive amidst changing trade policies. #importers #customsbond #tariff
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The FDA has determined there is no longer a reasonable certainty of no harm when using “Bromated Vegetable Oil” (BVO) in food, specifically in fruit-flavored sodas and other beverages. Therefore, the FDA is no longer allowing its use effective August 2nd, 2024. The compliance date for this rule is one year after the effective date in order to provide time for companies to reformulate, relabel, and deplete the inventory of BVO-containing products before the FDA begins enforcing the final rule. View the final rule notice here: https://lnkd.in/ei_8AR4E
Revocation of Authorization for Use of Brominated Vegetable Oil in Food
federalregister.gov
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Wishing everyone a safe and joyful Independence Day! #July4th #IndependenceDay #AlbaWheelsUp
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The Animal and Plant Health Inspection Service (APHIS) has issued a reminder to ePermit holders to submit an eFile application. ePermits were required for a broad range of activities and actions surrounding animal and plant imports, research, and transportation, but will soon expire. The ePermit program will cease in 2024 and the eFile program takes over. To determine how this update affects you, use the APHIS guide available at the link below. The guide will help you discover if you need to apply, and will walk you through the steps if you do. No action is required for permits currently issued in APHIS eFile. https://lnkd.in/eG-sk7Xd
APHIS eFile Community
efile.aphis.usda.gov
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The USDA has announced a $12m grant fund through the Dairy Business Innovation Initiative (DBI) to support the dairy industry with capacity expansion, on-farm improvements, and technical assistance. Since 2019, DBI Initiatives have invested +$64m through 600 awards in 40 states to support dairy businesses. The DBI Initiatives support dairy businesses in many aspects of the development, production, marketing, and distribution of dairy products, especially when the programs focus on: Diversifying dairy product markets to reduce risk and develop higher value uses for dairy products Promoting business development that diversifies farmer income through processing and marketing innovation Encouraging the use of regional milk production Interested parties can find more information about the initiatives and apply for support from the program using the link below. Applications can be submitted until August 27th, 2024. https://lnkd.in/eXdJBXv7
Dairy Business Innovation Initiatives
ams.usda.gov
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One of the latest Federal Register Notices advises the Food Safety Inspection Service (FSIS) has published updated guidelines for the prevention of violative residues in meat and poultry slaughter establishments. This guideline represents FSIS's current thinking on residue prevention and should be considered usable as of the date of its issuance. A link to the Availability of Guidance for Residue Prevention document and details for submitting your comments on the guidance is here: https://lnkd.in/etPMASFk
Availability of Guidance for Residue Prevention
federalregister.gov