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November 2006 E-News Update
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Annual Beaujolais Nouveau Causes Air Delays
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More than a million bottles of red wine were in the air during November 9-13, when most airlines transported more than several thousand tonnes of Beaujolais Nouveau to meet the traditional worldwide cork-popping date on the third Thursday in November.
To ensure that the wine can be decanted simultaneously by gourmets across the world, Airlines were all set to arrange the transporting of the young French red to destinations around the world. 2006 was a new record year: Never before have the airlines reported so much Beaujolais Nouveau.
We apologize about the delays this week that were caused due to the airlines prioritizing the wine.
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Harmonized Tariff Schedule To Change
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The United States International Trade Commission (ITC) has proposed changes to the Harmonized Tariff Schedule of the United States (HTSUS). The proposed changes to the HTSUS are scheduled to become effective January 1, 2007 and will be updated to correspond with World Customs Organization (WCO) recommended HTS modifications.
Many current HS headings and subheadings are being deleted, added, broken up, or merged into new tariff headings. The chapters most affected are those dealing with industrial and high-technology products.
The proposed classification amendments to the HTSUS will not impact an itemís duty rate. However, the changes may affect an itemís eligibility for preferential treatment under the various U.S. Free Trade Agreements that are based in large part on tariff shift.
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US Improves Import Screening
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Before year end, Customs and Border Protection will publish proposed rules requiring importers and carriers to provide additional data to improve screening of high risk cargo, Customs Commissioner Ralph Basham said. He declined to give a specific date for the new proposal.
Basham complimented Congress for turning away proposals to inspect all US-bound containers at foreign ports. He said that in the future Customs will rely more heavily on technology such as nonintrusive inspection and radiation detection to reduce the number of physical inspections performed by the agency.
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Cargo Insurance
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Cargo Insurance covers goods in transit... while they move...
If you have not specifically asked for cargo insurance then you risk losing your goods and your money. If you move goods by truck or ocean, without cargo insurance you will be paid only $0.50 per pound for any damaged goods, or paid a total of $500.00 for all goods in an ocean shipment. By law, that is all truckers, railroads or ocean carriers are required to pay you. Air shipments will be paid at either $20.00 per kilogram for losses or under a new scheme known as the Montreal Protocol, as much as $23.00 per kilo.
We want to make sure that each customer either has their own cargo insurance, the opportunity to purchase cargo insurance through IFF, and / or know the risk of not having your cargo insured.
Please contact your IFF representative if you have any further questions.
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