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Re: hedge_fun post# 23707

Tuesday, 12/10/2013 9:57:21 AM

Tuesday, December 10, 2013 9:57:21 AM

Post# of 123645

MRIB Last shipment to the US was 2010.....link

Nothing impressive before that either.

http://www.greatexportimport.com/b-margrit_enterprises_international/683730

Maybe you can provide an update.

Thanks



Again there is no update to provide. Here's a couple of things you should realize when trying to access public information like shipping manifests for instance:

#1. https://help.cbp.gov/app/answers/detail/a_id/285/~/importers---confidential-treatment-of-vessel-manifest-data

How can I prevent information about my import activities from being disclosed to the public?


According to privacy statute, 19 CFR 103.31 (d), the public is allowed to collect manifest data at every port of entry. Reporters collect and publish names of importers from vessel manifest data unless an importer/shipper requests confidentiality.

The importer can submit a letter via email (vesselmanifestconfidentiality@cbp.dhs.gov) by Fax (202)325-0154 or by mail (address below) to the Privacy Branch requesting that their company name not be disclosed on the vessel manifest. The confidential protection is valid for 2 years, after which time a renewal is needed. Send in renewal requests 60-90 days prior to the expiration of the 2 year confidentiality period. CBP will not accept more than 10 variations of a company name. Please be sure to include the U.S. mailing address and U.S. EIN. There is no fee associated with the request for confidentiality.



If you were an exporter, wouldn't you do this to maintain a competitive edge in the industry?

#2. Please see post #20638. This should help direct you in your quest for truth.


buybio2 Member Level Friday, 12/06/13 01:08:21 AM
Re: samsamsamiam post# 20528

Post # of 23713

LOL, Sam. Good seeing you again.

FYI, the link you have provided is really a poor source for a few reasons, and of course I am going to cite some of them. Please kindly note the following:

1) On international shipments, an ocean bill of lading would designate a shipper or what is commonly known as an 'exporter of record' as well as an importer of record depending on INCOTERMS. On international shipments, products can be sold en-route and the importer of record can change upon entry into the commerce of the U.S. The true record of the entry (Form 7501) can only be obtained through the US CBP or US FMC cite, nothing else. Yes, there are some sites that 'sell' services on partial info, but those are really gimmicky and this link you have provided is one of them;

2) Depending on the importer of record, or where it is common place to drop ship straight to what is known as the ultimate consignee, it is whether difficult for these databases to capture all data, especially of shipments originating from European countries because the ex-factory data was only captured a few years ago and for over 3+ decades, databases only captured the port of export ((or port of lading or seaport), meaning the data captured the info of trans-shippers (NVOCC or VOCC) once inland movement had occurred. What this means is that the shipper of record from the foreign port of unlading always reflected the common ocean carrier and not necessarily the true exporter (the manufacturer) down the extended enterprise because foreign regulations did not expressly set guidelines for documenting info from ex-factory, only the port of export. Because the databases--even to this date--captured information only from the port of lading, it is hard to know who the ex-factory data belonged to, so no one can really know if shipments ex the foreign ports of India or Armenia occurred or not without making a search into old database, and to make a search under Eraskh or Marani as shipper of record or importer of record would be hard because another party in past years could have been both exporter and importer of record which VERY often times happens in international trade. If this were the case, of course, your search under Marani from years past would be fruitless because international commerce is more complicated than one can think ;

3) The true proof of shipments that are planned for 2014 is for MRIB to post a banked, endorsed ocean bill of lading for the 2 containers that are planned in 2014. I expect these shipments to be covered under a letter of credit, and for the buyer's bank to raise the L/C. That would be the proof in the pudding.

Let's see if the $40 MM contract will be realized.

Thanks,
BB



#3. You are basing your export info on a chinese website: http://www.greatexportimport.com/b-margrit_enterprises_international/683730

...who wants your money to access information that they wouldn't even be able to access if the company formally requested privacy 19 CFR 103.31 (d) with cpb.

#4. You should do some DD on the history of the company, the reason for the company going dormant and the direction they are heading now.