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 8, 2021 | Announcement

Important Upcoming Information: On Thursday, September 16th, 2021– there will be no funding available of any-kind (including the issuance of LC’s). Please note, we will be OPEN to handle all other client relations. You may contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for any […]

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REMINDER – ETC Upcoming Labor Day Holiday Hours

September 2, 2021 | Announcement

Important Upcoming Information: Due to the upcoming Labor Day Holiday, our office will be closing Friday, September 3rd at 3 p.m. EST and be closed on Monday, September 6th in the observation of the holiday. Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for […]

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Reminder – ETC Upcoming 4th of July Holiday Hours

June 28, 2021 | Announcement

Important Upcoming Information: Due to the upcoming 4th of July Holiday, our office will be closing Friday, July 2nd at 3 p.m. EST and be closed on Monday, July 5th in the observation of the holiday. Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize […]

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Global Governance of Letters of Credit and the UCP600

April 28, 2021 | Government, Lending, Shipping, Uncategorized

By: Slava Vernidub, Express Trade Capital Every year, trade transactions exceeding US$2 trillion are conducted under UCP600, totaling some 11% of all import/export transactions.­­1 The primary goal of the UCP600 is to ease cross-border trade by providing global uniform rules regulating the issuance and usage of letters of credit (“LCs”). To date, the UCP (“Uniform […]

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CBP Issues Regionwide Withhold Order Xingang China Cotton and Tomato Products

January 15, 2021 | Events, Announcement, Cargo, Government, Manufacturing, Uncategorized

Effective January 13, 2021, the CBP has issued a Withhold Release Order (WRO) that all U.S. ports of entry, U.S. Customs and Border Protection (CBP) will detain cotton products and tomato products produced in China’s Xinjian Uygur Autonomous Region. The WRO will detain the following products from China’s Xinjian Uygur: Apparel, textiles, tomato seeds, canned […]

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Reminder – ETC Upcoming Holiday Hours

January 11, 2021 | Announcement

Important Upcoming Information: Due to the upcoming Federal Holiday, our office will be closed Monday, January 18th, 2021. 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 Holiday Hours

December 21, 2020 | Announcement

Important Upcoming Information: Due to the upcoming Holidays, our office will be closing Thursday (12/24) at 3pm and closed on Friday (12/25). We also will be closing Thursday (12/31) at 3pm and closed Friday (1/1/2021). Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for […]

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Reminder – ETC Upcoming Holiday Hours

November 23, 2020 | Announcement

Important Upcoming Information: Due to the upcoming holiday, our office will be closing Wednesday, November 25th at 3 PM and will re-open Monday, November 30th. 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

November 2, 2020 | Announcement

Important Upcoming Information Due to the upcoming federal holiday, our office will be closed Wednesday, November 11th. 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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