Customs

Press release - Parliament adopts its position on major reform of EU Customs Code

Retrieved on: 
Wednesday, April 3, 2024
Conference, Customs, EPP, AI, Parliament, Commission, Council, VAT, Safety, Single market

Parliament adopts its position on major reform of EU Customs Code

Key Points: 
  • Parliament adopts its position on major reform of EU Customs Code
    - Thorough preliminary vetting would enable trustworthy companies to benefit from fewer customs checks later
    - Platforms must submit information to EU customs authorities about goods shipped to EU from third countries
    - All EU customs authorities to use the same IT system EU DataHub
    The overhaul of the EU Customs Code reform would change the way customs authorities operate, cooperate with traders and manage goods that people order online.
  • The EU Customs Code needs a thorough revamp due to the exponential growth of e-commerce and many new product standards, bans, obligations and sanctions the EU has put in place in recent years.
  • New digital solutions
    The reform establishes a new IT platform called EU DataHub as the main working tool for all European customs authorities.
  • Background
    The Commission presented the proposal to reform the EU Customs Code in May 2023.

SIP Purchase, PDMR and Total Voting Rights

Retrieved on: 
Wednesday, March 13, 2024
Name, Aquaculture, SIP, Customs, Security (finance)

OTAQ plc (OTAQ.AQ), the innovative technology company targeting the aquaculture, geotracking and offshore markets, received notification on 19 February 2024 from Cytec Solutions Corporate Trustees Limited (the "SIP Trustee") in relation to the issue and allotment of 29,997 ordinary shares of 1 penny each in the Company ("Ordinary Shares") for the benefit of participants of the OTAQ Share Incentive Plan (the "SIP"), including Persons Discharging Managerial Responsibilities in the Company ("PDMR") outlined below in accordance with the rules of the SIP (the "SIP Award").

Key Points: 
  • OTAQ plc (OTAQ.AQ), the innovative technology company targeting the aquaculture, geotracking and offshore markets, received notification on 19 February 2024 from Cytec Solutions Corporate Trustees Limited (the "SIP Trustee") in relation to the issue and allotment of 29,997 ordinary shares of 1 penny each in the Company ("Ordinary Shares") for the benefit of participants of the OTAQ Share Incentive Plan (the "SIP"), including Persons Discharging Managerial Responsibilities in the Company ("PDMR") outlined below in accordance with the rules of the SIP (the "SIP Award").
  • The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which each participating employee will acquire Ordinary Shares at the prevailing market price per share using contributions deducted from pre-tax salary in each calendar month ("Partnership Shares"), with each participating employee being awarded one Ordinary Share for each Partnership Share ("Matching Shares"), using newly issued shares.
  • Details of the number of Partnership Shares purchased by each of the PDMRs at a price of 5.50 pence per Ordinary Share, and the number of Matching Shares allocated by the SIP Trustee to the PDMR for no consideration, is set out against their names in the table below.

DIRECTOR/PDMR SHAREHOLDING

Retrieved on: 
Wednesday, March 13, 2024
Britvic, Customs, SIP, Trustee

Britvic plc (the “Company") was notified on 20 February 2024 that the following transactions have taken place in relation to the Britvic Share Incentive Plan (“SIP”).

Key Points: 
  • Britvic plc (the “Company") was notified on 20 February 2024 that the following transactions have taken place in relation to the Britvic Share Incentive Plan (“SIP”).
  • The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which employees are able to buy ordinary shares in the Company of 20 pence each (“Shares”), using deductions from salary in each monthly pay period, and receive allocations of matching free Shares (“Matching Shares”).
  • The following Director purchased the number of Shares set out against their name below, at a price of 872.00pence per Share, and were allocated for no consideration the number of Matching Shares (purchased by the SIP trustees at a price of 872.00 pence per Matching Share) set out against their name below:

Guillermo Sánchez Chao Appointed IBA Supply Chain and Logistics Subcommittee Chairman

Retrieved on: 
Monday, February 26, 2024
LLP, Customs, Publication, Supply, International Bar Association

MEXICO CITY, Feb. 26, 2024 /PRNewswire-PRWeb/ -- Greenberg Traurig, LLP Shareholder Guillermo Sánchez Chao, head of the International Trade Practice in the Mexico City office, was appointed as the International Bar Association (IBA)'s Supply Chain and Logistics Subcommittee chair.

Key Points: 
  • Greenberg Traurig, LLP Shareholder Guillermo Sánchez Chao, head of the International Trade Practice in the Mexico City office, was appointed as the International Bar Association (IBA)'s Supply Chain and Logistics Subcommittee chair.
  • MEXICO CITY, Feb. 26, 2024 /PRNewswire-PRWeb/ -- Greenberg Traurig, LLP Shareholder Guillermo Sánchez Chao , head of the International Trade Practice in the Mexico City office , was appointed as the International Bar Association (IBA)'s Supply Chain and Logistics Subcommittee chair.
  • Sánchez Chao focuses his practice on international trade, customs, supply chain, regulatory, and administrative litigation.
  • "I am very pleased with the opportunity provided by the International Bar Association to lead the Supply Chain and Logistics Subcommittee.

Henry Repeating Arms Salutes U.S. Border Patrol's 100th Anniversary with Commemorative Rifles

Retrieved on: 
Thursday, February 15, 2024
Collection, Woman, Border Patrol Foundation, Border Patrol, History, United States Border Patrol, Organization, Golden Boy, Congress, Customs, RICE, Firearm, Partnership, Gunsmith

The U.S. Border Patrol enters its centennial year amidst an ongoing national security border crisis as unprecedented numbers of migrants continue to flood America's southwest border.

Key Points: 
  • The U.S. Border Patrol enters its centennial year amidst an ongoing national security border crisis as unprecedented numbers of migrants continue to flood America's southwest border.
  • Purchases are limited to verified active-duty, retired, and former Border Patrol agents and current Customs and Border Protection employees.
  • Four unique U.S. Border Patrol 100th Anniversary Tribute Edition rifles are available.
  • To learn more about these exclusive rifles U.S. Border Patrol 100th Anniversary Tribute Edition rifles, visit henryusa.com/border-patrol/ .

Superdry plc: Director/PDMR Shareholding

Retrieved on: 
Wednesday, February 14, 2024
Name, Customs, SIP, Trustee, Common stock

On 13 February 2024, the following transactions by PDMRs took place in relation to Superdry’s Share Incentive Plan (SIP).

Key Points: 
  • On 13 February 2024, the following transactions by PDMRs took place in relation to Superdry’s Share Incentive Plan (SIP).
  • The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which employees are able to buy shares in the Company of 5 pence each (Ordinary Shares), using deductions from salary in each calendar month (Partnership Shares), and receive allocations of matching free Ordinary Shares (Matching Shares).
  • Details of the number of Partnership Shares purchased by the PDMRs at a price of £0.392 per Ordinary Share, and the number of Matching Shares allocated by the SIP Trustees to the PDMRs for no consideration, are set out against their names in the table below.

FAIR Applauds the House of Representatives for Impeaching Secretary Mayorkas

Retrieved on: 
Wednesday, February 14, 2024
Multimedia, Federation, History, House, FAIR, Customs, Security, Drug

WASHINGTON, Feb. 13, 2024 /PRNewswire/ -- "Today's vote in the House to impeach Homeland Security Secretary Alejandro Mayorkas, only the second impeachment of a cabinet official in U.S. history, is a victory for the rule of law and the American people.

Key Points: 
  • "Secretary Mayorkas has not just presided over the greatest wave of illegal immigration in the nation's history, he has actively encouraged it, facilitated it, and then forced the costs down the throats of the American people.
  • This month marks three years since he swore to uphold the laws of the United States and protect the security of the homeland.
  • Secretary Mayorkas, however, has done precisely the opposite.
  • "At every turn, Secretary Mayorkas has ignored statutes and undermined the rule of law.

Oracle Helps Customers Drive Efficiency in Global Supply Chains

Retrieved on: 
Tuesday, February 13, 2024
Cloud, SCM, Transport, International, Apollo Tyres, Risk, Documentation, Organization, Customs, Business intelligence, Data, KPMG

MUMBAI, India, Feb. 13, 2024 /PRNewswire/ -- Oracle CloudWorld -- To help organizations increase the efficiency of global supply chains, Oracle is introducing new logistics capabilities within Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). The updates to Oracle Transportation Management and Oracle Global Trade Management, part of Oracle Cloud SCM, will help customers optimize logistics operations by increasing visibility, reducing costs, automating regulatory compliance, and improving decision-making. 

Key Points: 
  • The updates to Oracle Transportation Management and Oracle Global Trade Management , part of Oracle Cloud SCM, will help customers optimize logistics operations by increasing visibility, reducing costs, automating regulatory compliance, and improving decision-making.
  • The new capabilities within Oracle Transportation Management and Oracle Global Trade Management include:
    Expanded Business Intelligence Capabilities: Enables customers to combine transportation and trade data with other operational data in Oracle Fusion Data Intelligence .
  • Oracle Cloud SCM helps organizations seamlessly connect supply chain processes and quickly respond to changing demand, supply, and market conditions.
  • With new features added every quarter, Oracle Cloud SCM helps customers create a resilient supply network and processes that outpace change.

Geospace Technologies Corporation Reports Profitable First Quarter of Fiscal Year 2024 and Highest Quarterly Revenue in Nearly Ten Years

Retrieved on: 
Wednesday, February 7, 2024
Engineering, Energy, Manufacturing, Oil, Gas, International, Commerce, Aquanaut, Customs, OBX, Carbon, Investment, GEOS, Central Time, ID, Sailor, Sale, Quantum, Federation

Geospace Technologies Corporation (NASDAQ: GEOS) (the “Company”) today announced results for its first quarter ended December 31, 2023.

Key Points: 
  • Geospace Technologies Corporation (NASDAQ: GEOS) (the “Company”) today announced results for its first quarter ended December 31, 2023.
  • For the three-months ended December 31, 2023, Geospace reported revenue of $50.0 million, a 60% increase compared to revenue of $31.1 million for the comparable year-ago quarter.
  • Walter R. (“Rick”) Wheeler, President and CEO of the Company said, “We’re gratified to see the first quarter of fiscal year 2024 mark our fourth straight quarter of profitability.
  • Demand for our newest technology ocean bottom node, known as the Mariner™, was paramount in delivering our first quarter performance.

FAIR: Articles of Impeachment against Secretary Mayorkas are Justified and Overdue

Retrieved on: 
Wednesday, January 31, 2024
FAIR, Security, Federation, Customs, Homeland security, DHS, Drug

WASHINGTON, Jan. 31, 2024 /PRNewswire/ -- "FAIR applauds the vote by the House Homeland Security Committee approving articles of impeachment against Homeland Security Secretary Alejandro Mayorkas. It was an unfortunate, but fully justified and overdue action against a cabinet official who has steadfastly refused to carry out the duties of his office.

Key Points: 
  • It was an unfortunate, but fully justified and overdue action against a cabinet official who has steadfastly refused to carry out the duties of his office.
  • "Secretary Mayorkas has not just presided over the greatest wave of illegal immigration in the nation's history, he has actively encouraged, enabled and facilitated it.
  • At every turn, Secretary Mayorkas has ignored statutes and undermined the rule of law.
  • Rather, it is because he, with the support of President Biden, has subverted and undermined the laws he swore to uphold.