Miscellaneous International Trade Notices
According to a recent Journal of Commerce "Customs Update" column, the latest revisions of the Uniform Customs and Practice for Documentary Credits" (UPC), called UPC 600, were drafted at a May meeting of the International Chamber of Commerce's (ICC's) Banking Commission. According to the column, the UPC are the rules banks use in examining documentary presentations for compliance.
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1. Latest UPC Revisions, UPC 600, Scheduled to Take Effect July 1, 2007
The final draft of UPC 600 will be issued in September 2006 for final voting at the ICC Banking Commission's October 25, 2006 meeting. The column further states that the effective date for UPC 600 is July 1, 2007. (JoC dated 07/31/06, www.joc.com.)
2. CBP Pipeline on Export Documentation for TIBs
U.S. Customs and Border Protection (CBP) has issued the following pipeline:
Export Documentation Requirements for Temporary Importation Under Bond (T.I.B) (Pipeline 06-13)
(See ITT's Online Archives or 10/05/05 news, 05100505, for BP summary of CBP's interim guidance on export documentation for TIBs. (CBP notice, Pipeline 06-13; dated 07/17/06; available via fax only by emailing documents@brokerpower.com)
3. FMC Lists OTI Reissuances, Revocations and Applications
The Federal Maritime Commission (FMC) has issued three notices that either reissue ocean transportation intermediary (OTI) licenses, revoke OTI licenses, or list those applying for OTI licenses as a non-vessel-operating common carrier (NVOCC), ocean freight forwarder (FF) or NVOCC/FF OTI, as follows:
| (FTZ 163, FR Pub 08/08/06, available at http://a257.g.akamaitech.net/7/257/2422/01jan20061800/edocket.access.gpo.gov/2006/pdf/E6-12810.pdf) |