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Clearit.ca's Blog on Customs Brokerage and News Updates

Hanjin’s Fall: From Korea’s Top Shipper to Near Bankruptcy

Once the world’s seventh-largest shipping company, Hanjin Shipping is on the fence and risks falling off the map – quite literally. Despite multiple efforts deployed in a grandiose fashion while under court receivership, the international shipper isn’t seeing the light at the end of the tunnel. Documents from the Seoul Central District Court, the body in charge of the court receivership, indicates that according to accounting firm Samil ...

What does a dead TPP mean for Canada?

Canada is a signatory partner in the Trans-Pacific Partnership, just last winter, International Trade Minister Chrystia Freeland signed the dotted line during a ceremony held in Auckland, New Zealand, adding Canada’s name to a long list of international partners. But with the arrival of president-elect Trump in the Commander-in-chief’s chair, things don’t seem too clear in regards to the agreement’s future. USA and Japan Leading TPP Nego...

Why Delivery Duty Paid is Not the Best Option

When sending goods internationally do you have a tendency of using Delivery Duty Paid (DDP)? You're not alone if you do, because it really is, or seems like, an easy choice to make when it comes to international business. There are actually many companies that choose international terms of sale based on various factors such as their company philosophy, the costs, the seller options or just how easy the deal may seem to work out. But the truth is,...

In-transit Freight Pilot Program Looking to Expand

For the past year, Canadian and American Customs officials have been observing a pilot program effectively allowing for in-transit shipments through the U.S. By in-transit, the project affects freight that has both a point of origin and destination in Canada but that passes through the United States en route to its final destination. The program started in late May 2016 and was scheduled to wrap up on November 27 of the current year. Plans are...

Canadian Businesses’ Not Always Keen about International Trade Deals

Recent research conducted by Livingston shows that only 31 per cent of Canadian small businesses believe that they can gain something out of existing free trade agreements (FTA) regulation that apply to importing and exporting goods. With the recent signing of the Comprehensive Economic Trade Agreement (CETA) between Canada and the EU, Canadian businesses might not jump on-board the band wagon as fast as expected. For Ottawa, CETA is being pus...