ONE vessel Apus lost 1816 containers, hundreds more damaged (From American Shipper)
The ship is at Kobe, Japan for unloading and repairs. There has been no indication when customers could learn the status of their freight — whether that be lost at sea, damaged during transit, or in deliverable condition.
For the containers that are not lost, it will be a number of months, undeterminable at this time, before this cargo is available in a US port. It is not clear if General Average will be declared at this time. At this time, we are not aware that any of your shipments were on board. Nonetheless, it is incidents such as these that make marine cargo insurance imperative for your shipments. Please call us if you are in doubt on coverage for your shipments. For more info on the Apus, please go to
GSP expires at end of month
A reminder that Generalized Systems of Preference (GSP) expires at the end of this month, December 31. Congress historically has reinstated GSP, several times retroactively, but in this political environment, we make no predictions.
Brexit hits Jan 1, 2021
Our GFG partners in the UK, Meachers Global, has published a really good guide to comply with the new Brexit realities that begin in just over 2 weeks. You can view it at
https://files.constantcontact.com/798705f3801/0b453e72-5f2c-4718-afab-d2e8e890657e.pdf
Vietnam 301 Tariffs Could Hit in January (From Sandler Travis & Rosenberg)
New tariffs, quotas, or other restrictions on imports from Vietnam could be imposed as early as January 2021 under a new timeline for the Trump administration’s Section 301 investigations into Vietnam’s acts, policies, and practices related to currency valuation and timber imports. Importers of wood products from Vietnam in particular could be affected by any such restrictions. For more info, please go to
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