Asset Based Lending Blog/News

Turkey Steel Tariff Returning to 50%

October 17, 2019 | Announcement, Government, Manufacturing

President Trump announced that Turkey’s tariff rate for steel products under the Section 232 would be returning to 50% in response to a military invasion from Turkey into Syria. The steel tariffs on Turkish steel was previously increased to 50% in August 2018 and then reduced back to 20% in May 2019. In addition to […]

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ETC – Announcement

September 22, 2020 | Announcement

Important Upcoming Information: On Monday, September 28, there will be no funding available of any-kind (including the issuance of LC’s). Please advise, we are still open to handle all other client relations. Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience.

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Reminder – ETC Upcoming Federal Holiday Hours

August 31, 2020 | Announcement

Important Upcoming Information Due to the upcoming Federal Holiday, our office will be closing at 3PM on Friday, September 4th through Monday, September 7th. Please contact your account officer to plan accordingly during this time frame, We greatly appreciate your understanding and apologize for any inconvenience

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How Letters of Credit Can Benefit Your Business During COVID-19

April 29, 2020 | Announcement, Apparel Industry, Cargo, Retail, Shipping, Small Business, Uncategorized

By: Dina Davletshina, New Business Development COVID-19 has disrupted nearly every part of our lives. Yes, the public health consequences are tragic. But along with this, small and large businesses alike are feeling significant economic pain. Companies in the consumer goods industry are encountering significant supply chain challenges and quickly shifting consumer spending habits. The […]

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An Update to Our Clients

March 23, 2020 | Announcement

Dear Valued Client: Due to the market disruption caused by the COVID-19 virus, many stores are postponing, rejecting and even canceling orders, while others are delaying payment on existing receivables. We understand that these issues will cause cash flow problems for many of our clients. We are here to help you where possible, but many […]

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CBP CONSIDERING DUTY PAYMENT EXTENSIONS

March 20, 2020 | Announcement, Cargo, Government, Manufacturing, Uncategorized

In response to the difficulties facing American businesses due to the COVID-19 pandemic and associated control measures, Customs and Border Protection is contemplating granting relief to importers.  In consideration of requests from the National Customs Brokers and Forwarders Association Customs Committee, chaired by GEODIS’ SVP of Trade Services and Government Relations Mary Jo Muoio, along […]

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CBP HOSTS UPDATE CALL ON COVID-19

March 16, 2020 | Uncategorized

CBP has initiated a series of calls informing industry groups and leadership on the impact to trade caused by the spreading COVID-19 disease. During the call, CBP confirmed that recently enacted traveler restrictions for select individuals traveling into the United States do not extend to cargo.  At this time, CBP is guided by the medical […]

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GSP up for Review

March 3, 2020 | Uncategorized

GSP up for Review The Office of the United States Trade Representative announced on March 2, 2020, regarding products and countries eligible for preference treatment under the Generalized System of Preferences (GSP) annual review. The attached notice includes articles and countries that are under review. https://www.govinfo.gov/content/pkg/FR-2020-03-02/pdf/2020-04220.pdf List I identifies articles which will be removed from […]

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