Industry Insights

Understanding the Changes that Impact Insurance Recently, Roanoke President, Karen Groff, was featured in the NCBFAA monthly newsletter to talk about the release of Incoterms 2020. The NCBFAA, or National Customs Brokers and Forwarders Association of America, has been a prominent and effective voice for the industry since 1897, and they closely watch over legislative and regulatory issues that affect their members.    With the recent release of Incoterms 2020, some additional clarity has been provided to address some points of the confusion in the 2010 version. Karen Groff wrote a piece designed to help the industry absorb this information […]

  The effects of the COVID-19 pandemic are being felt on both a personal and professional level, with some industries being more impacted than others. Those involved in the transportation of cargo, facilitation of customs clearance, or importation/exportation of goods are some of the hardest hit. Our thoughts are with you, your colleagues, your families and your businesses at this time. As your insurance advocate, we at Roanoke Trade want to help in any way we can and are fully prepared to advise and assist you during this difficult time. We are reaching out to all of our clients to […]

  On March 26, 2020, U.S. Customs & Border Protection issued CSMS #42161666 Additional Guidance for Entry Summary Payments Impacted by COVID-19. This message is a follow up to CSMS #42097586 Additional Days for Payments due to COVID-19 issued on March 20, 2020. CBP had granted duty payment extensions for many importers on a case by case basis as instructed in the CSMS #42097586. The notice advises those importers must initiate payment of approved duty deferrals by Friday March 27, 2020. If full and timely payment is not made, liquidated damages will ensue. For monthly statement payments due on March […]

  Global shipping has been one of the biggest casualties in the wake of the coronavirus (COVID-19) pandemic with challenges getting cargo to and from the docks. The Port of Los Angeles, which handles more containers in a year than any other port in the Western Hemisphere, expects in the first three months of the year to experience the biggest decline in volume since the financial crisis of 2008, according to a recent article in the New York Times. The Port of Long Beach has already reported a 17.9% year-over-year drop in imports in February. According to the Maryland Port […]

COVID-19 has already had a big impact on international travel and especially on large events. As such, ATA Carnet users are susceptible to disruptions right now, especially those needing to transit through multiple countries to operate effectively or even those going to single countries where quarantines or event cancellations are taking place. Furthermore, you may encounter unexpected difficulties booking timely re-exportations to meet carnet expiration deadlines. While we can’t make travel any easier, we are here to try to support our clients with best practices. Be proactive around approaching ATA Carnet expiration dates. If your established re-exportation plans are disrupted, […]

  Effective Monday, March 16th—In order to operate safely and responsibly for our employees, clients and partners during the COVID-19 impact, most of our employees will begin working from home until further notice. Thankfully, we are fully prepared! We have laptops, VPN, office phone routing, mobile phones and other mobility to maintain “business as usual” which will provide you with the service and support you deserve and require.   Client applications such as FastBond®, CarnetsOnline®, Coveragedock®, and PolicyTrack® are all still available 24/7 as well as technical support. ATA Carnet office pick-up will NOT be available until further notice but we will provide next day delivery. […]