CARM: What all importers need to know about CARM

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Huge storm approaches South East Asia

Nations across East and South East Asia are issuing emergency alerts and ordering evacuations as Super Typhoon Mangkhut and a second storm, Typhoon Barijat, hit the region. Current wind speeds are up to 285 kilometers per hour (180 mph), equivalent to a Category 5 Hurricane and stronger than Hurricane Florence, which is currently tracking over the U.S. East Coast. Port closures in Hong Kong and other coastal ports nearby are a certainty, even if the storm passes without causing any lasting damage. Super Typhoon Mangkhut, is expected to be the strongest storm to hit that city in over six decades.

We will continue to monitor this situation and update accordingly.

For more information, please call David Lychek, Manager – Ocean & Air Services at (905) 882-4880, ext. 207.

More Trade Alerts:

December 2024

December 18, 2024
All Canadian offices of Universal Logistics will be closed from 2:00 p.m. Tuesday, December 24th through to Thursday, December 26th.  Normal business hours will resume…

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Quick Tip #20
True or false? AMPS penalties only apply to import shipments

Answer: False. Canadian exports are subject to about 17 AMPS (Administrative Monetary Penalty System) infractions.

For example, Exporters are required to report “Export Declarations” electronically to the CBSA on all shipments (with certain exceptions). The penalty for non-report carries the following penalty amounts per non-report:

1st: $500
2nd: $750
3rd and Subsequent: $1,500

Note: most shipments destined to the U.S. are not subject to export reporting.

In addition to handling export transportation, Universal also provides full electronic export reporting services using CAED (Customs Automated Export Declaration). To find out more, speak to our Export Specialist, David Lychek, Manager – Ocean & Air Services.

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