The Export-Import Bank of the United States (EXIM) is the official export credit agency of the United States. EXIM is an independent, self-sustaining Executive Branch agency. Their mission is to support American jobs by facilitating the export of U.S. goods and services. When private sector lenders are unable or unwilling to provide financing, The Export-Import Bank of the United States fills the gap. EXIM provides American businesses with the [...]

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We have seen numerous articles over the past several weeks that address the issue of ocean carrier cancellation fees as well as fees for no-shows within a specific time period up to vessel departure. Carriers are implementing such charges as a way to offset the costs of vessels moving at an incomplete or less than full status. We have yet not seen these fees implemented on any US involved trade lanes. But several carriers including Maersk, [...]

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