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Ocean Beauty bought.

Ocean Beauty Bought. Ika Muda, a diversified firm headquartered in Pekalongan, Indonesia, agreed to purchase Ocean Beauty Seafoods, a subsidiary of Juneau-based Sealaska Corp., a Native regional corporation. The sale was expected to be finalized by the end of August. Ika Muda owns the largest prawn operations in Indonesia and processes and trades other seafoods through operations in the Far East and the United States. Based in Seattle, Ocean Beauty is a West Coast seafood processing, wholesale marketing and distribution company. Rule Change. Alaska exporters no longer are required to file a Shipper's Export Declaration for qualified shipments of $2,500 or less, a modification of the previous exemption, which was limited to shipments of $1,500 or less. Qualification hinges on these conditions: Merchandise is exportable under a general license, and the destination country must be considered a free world' in official regulations. The U.S. Department of Commerce requires specific labeling on the bill of lading, air waybill or food processing, wholesale marketing and distribution company.
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Title Annotation:Alaska Business Briefs; Ocean Beauty Seafoods Inc.
Publication:Alaska Business Monthly
Date:Sep 1, 1990
Previous Article:Price hike.
Next Article:Rule change.

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