Asset Based Lending Blog/News

August 3, 2022 | Trade, Announcement, Government

The latest in user fee changes have been announced by the U.S Customs and Boarder Protection in CSMS #52834229. The message reads as follows: “Pursuant to the General Notice (87 FR 46973) published August 1, 2022, adjustments to certain customs user fees and corresponding limitations, as codified in 19 U.S.C. § 58c, will take effect […]

July 6, 2022 | Trade

On June 14,2022 the PMA( Pacific Maritime Association) and ILWU ( International Longshore and Warehouse Union) have issued a joint statement assuring an interruption free pathway, even in the case of negotiations extending beyond July 1, 2022. Nonetheless, the present activity suggests to the contrary.  The week of June 12, Los Angeles and Long Beach […]

June 28, 2022 | Events, Announcement

Kindly note that our office will close at 3 p.m. EDT on Friday, July 1st and will be CLOSED on Monday, July 4th in observance of Independence Day Holiday. Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience. We hope you have a great holiday weekend!

June 1, 2022 | Trade, Cargo, Government

Bureau of Industry and Security announced a final ruling in response to the Russian federation’s ongoing aggression against Ukraine. The Department of Commerce is expanding the existing sanctions against Russian industry sectors by imposing a license requirement for exports, reexports, or transfers (in country) to and within Russia for additional items subject to the Export […]

May 27, 2022 | Uncategorized

On this Memorial Day weekend, we remember those who made the ultimate sacrifice while serving our country and their families. Happy Memorial Day to all from ETC!

May 25, 2022 | Trade, Government

The United States Department of Commerce has announced that the United States of America will be temporarily suspending 232 tariffs on Ukrainian steel for one year.  The full announcement reads as follows: Ukraine’s steel industry is uniquely important to the country’s economic strength, employing 1 in 13 Ukrainians with good-paying jobs. Some of Ukraine’s largest […]

May 23, 2022 | Uncategorized

Kindly note that our office will close at 3 p.m. EST on Friday, May 27th  and will be CLOSED on Monday, May 30th  in observance of Memorial Day Holiday. Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience. Happy Memorial Day to all!

May 18, 2022 | Trade, Government, Uncategorized

The U.S. Trade Representative is commencing the statutory four-year review of the two actions taken under Section 301 of the Trade Act of 1974, as amended, in the investigation of China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation. The two actions were effective, respectively, on July 6, 2018 and August […]

May 11, 2022 | Trade, Government

The U.S. Census Bureau announced on April 25,2022 that preliminary March steel imports were $3.9 billion (2.8 million metric tons) compared to the preliminary February totals of $3.1 billion (2.1 million metric tons). The March change in steel imports based on metric tonnage reflected an increase in hot rolled sheets. Decreases occurred in used rails; […]

May 10, 2022 | Announcement

When a well-established and long-term client needed to execute a Trade Finance transaction within 48 hours in order to take advantage of an extremely profitable purchase opportunity, they knew the financier to turn to Express Trade Capital . Our deep understanding of Letters of Credit along with the Logistical parameters that were required to be […]