US to Update Transshipment Practices

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

2 Sep 2010

The U.S. Bureau of Industry and Security is seeking comment to update its best practices list for handling transit, transshipped or re-exported items subject to the Export Administration Regulations The Department of Commerce agency is aiming to prevent diversion of dual-use technologies from legitimate supply chains to users that pose a security risk to the United States. Comments from industry will help BIS update a list of best practices that it published on its Web site in 2003.
According to its notice in Wednesday's Federal Register, BIS wants to strengthen relationships with companies that transship dual-use items.
"BIS recognizes the importance of soliciting input from industry to define a set of best practices tailored to the particular activities and circumstances of transshipment trade," the notice said.

Source: Journal of Commerce