Trade Updates

We’re more than just brokers – we’re knowledge leaders. Stay compliant with Customs, and save on your bottom line with recent updates here.

Commerce Offering Six-Month Extensions of Export Licenses

Posted October 19, 2020


On October 16, 2020, the U.S. Department of Commerce’s Bureau of Industry and Security issued a notice advising that exporters may request six-month validity period extensions for export licenses that are currently due to expire on or before December 31, 2020.
Commerce-BIS Seal against Digital Tech Background w/ Hourglass
Acting Under Secretary for Industry and Security, Cordell Hull stated, “The streamlined process will help ensure that exporters with licenses due to expire on or before the end of 2020, who may not have been able to ship orders due to resource constraints during the pandemic, have the opportunity to benefit fully from the authorizations granted on their licenses.”

The notice states that BIS has established a central electronic mailbox for submission of extension requests: LicenseExtensionRequest@bis.doc.gov.

Upon receipt of the request, the original export license will be reviewed and, according to BIS, “in most cases, the validity extended via the electronic system.”

BIS estimates that the majority of extension validity requests should be processed and approved within two to three business days.

line

Need More Information?


Should you have any questions about this temporary policy change or any other export licensing issues, don’t hesitate to contact one of our knowledgeable trade experts.

Sign Up for Trade News, Compliance Updates and More