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Regulatory Compliance Updates – April 2016

SOLAS

The International Maritime Organization (IMO) amended the Safety of Life at Sea (SOLAS) Convention to require shippers to provide the Verified Gross Mass (“VGM”) of containers carrying cargo before those containers can be loaded aboard a vessel.  Without a VGM, the amendments also prohibit the vessel operator from loading a packed container.  The SOLAS amendments are effective July 1, 2016; are not expected to be postponed; and, are globally binding – all Countries party to the convention have undertaken to implement amendments.  There is no exception to this requirement.  If the acceptable VGM documentation is not timely provided by the shipper, that container will not be loaded on board the vessel.  As your NVOCC or Freight Forwarder, MIQ will require from your or your supplier the following data:

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Globe Logistics

March Logistics Link

Learn about MIQ updates and Industry news in the March Logistics Link. 

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Globe Logistics

February Logistics Link

Read Industry information and MIQ updates in the February Logistics Link.

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Globe Logistics

January 2016 Logistics Link

Read MIQ updates and industry news in the January 2016 Logistics Link. 

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December Logistics Link

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Globe Logistics

November Logistics Link

View the November Logistics Link for Industry news and MIQ updates.

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Cass Freight Index Report – October 2015

Cass Information Systems, Inc. 

Following the trend observed in the last four years, both total spend and the number of shipments for North American freight declined in October. The indexes have been below 2013 levels for the last several months. The first reading on third quarter GDP was a disappointing 1.5 percent annual growth rate, compared to 3.9 percent in the second quarter. Consumer sector goods are, by far, the strongest in the market now. In many ways this is the silver lining in the storm clouds, because it means that consumers are still in the game. Consumer spending, which accounts for more than two‐thirds of U.S. economic activity, grew 3.2 percent in the third quarter after expanding at a 3.6 percent pace in the second quarter.

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Globe Logistics

October Logistics Link

Learn about updated Industry information and MIQ Logistics in the news.

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Globe Logistics

September Logistics Link

Read MIQ news and industry information in the September 2015 Logistics Link.

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August 2015 Logistics Link

Read the August Logistics Link for Industry news and MIQ Updates

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