GMATS Announces New Curriculum
GMATS to expand global supply chain and maritime security curriculum. As a foundation of the Global Maritime and Transportation School's expanding Global Supply Chain and Cargo Security curriculum, the Fundamentals of Importing and Exporting is an essential two-day course that will give the student a basic understanding of importing into and exporting out of the United States. This course is designed to provide an awareness of the many regulations, laws, processes, and principles involved in global trade, and from the perspective of the United States.
U.S. Security Clauses to be Used in Voyage and Time Charter Parties
In the wake of the events of 11 September 2001, the U.S. has been imposing on the shipping industry new security regulations and measures, which have caused increased expenses and delays to vessels calling in the U.S. In an effort to protect owners against the consequences of these new security measures, a set of standard clauses have been produced by BIMCO for incorporation into voyage and time charter parties, as appropriate. The "U.S. Customs-Trade Partnership Against Terrorism (C-TPAT) Clause", was drafted to take into consideration the situation where the charterers have voluntarily signed the so-called C-TPAT Agreement, but the owners have not.
CP Ships Announces $34M 4Q Profit
CP Ships Limited today announced unaudited fourth quarter 2002 operating income before exceptional items of US $34 million, unchanged from the third quarter and slightly down from $35 million in fourth quarter 2001. Basic earnings per share before exceptional items was $0.23 compared with last year's $0.30 and third quarter's $0.27. Volume at 550,000 teu was a quarterly record, up 17% from fourth quarter 2001, reflecting both strong growth and the first full quarter of Italia Line. Average freight rates increased 1% from third quarter 2002 but were 4% lower than fourth quarter 2001. Cash from operations before exceptional payments was $29 million or $0.32 per share. Net income available to common shareholders was $23 million, compared to $25 million in fourth quarter 2001.
Georgia Ports Participate in C-TPAT
U.S. Sen. U.S. Customs Trade Partnership Against Terrorism (C-TPAT) program. organizations involved in global commerce. C-TPAT program," said Chambliss. strengthening their supply chains. federal regulatory agencies," said Doug J. Director. relationships that strengthen overall supply chain and border security. level of security be provided," said Marchand. Chambliss added. community. Manifest Procedures, and Conveyance Security. · Submit a supply chain security profile questionnaire to Customs. supply chain in accordance with C-TPAT guidelines. companies. war against terrorism," said Chambliss.
C-TPAT Draws Positive Industry Response
A panel of National Security experts released a report concluding that the United States seaports, among other things, are still vulnerable to a major terrorist attack. While this may be true, since over 200 million containers move through top American seaports annually and only a small number of ships and containers are actually inspected, the industry seems to be responding positively to the war on terrorism. Over 750 importers and transportation providers (Ocean, air, and rail) have signed up for the U.S. Customs Trade Partnership against Terrorism (C-TPAT) and over half of the 20 mega-ports have signed up for U.S. Custom's Container Security Initiative (CSI).
