Freight Forwarder Pays To End Scrap Exporting Probe

Law360, New York (September 19, 2011, 3:45 PM EDT) -- Freight forwarding company Ram International Inc. has agreed to pay $40,000 to settle claims that it violated U.S. export rules by helping send scrap steel to a company in Pakistan, the U.S. Department of Commerce said Friday.

The civil fine resolves the Bureau of Industry and Security's probe into allegations that the St. Louis-based freight forwarder twice ran afoul of the Export Administration Regulations by aiding and abetting the unlicensed export of the metal to Allied Trading Co., Commerce said.

BIS claims that in 2006, the...
To view the full article, register now.