Industry Insights

Cargo Insurance and ISFs: Implications West Coast Shippers Should Consider Negotiations between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) continue as the current contract expired on June 30th. Presently, according to a statement by the PMA, while there will be no contract extension, “cargo will keep moving, and normal operations […]

It’s been seven weeks since CBP’s internal memo to seaports resuming limited liquidated damage (LD) enforcement on ISFs. NCBFAA and the International Trade Surety Association (ITSA) requested a copy of the directive but CBP has declined to provide it. CBP maintains that an FAQ Addendum posted to their website sets forth the pertinent elements of the directive. […]

Inside the Intangible Benefits of Cargo Insurance Cargo insurance is a vital risk management tool for cargo owners and in some cases affords a degree of protection for transportation intermediaries as well. In addition to the potential profits associated with providing clients with Cargo insurance coverage, transportation intermediaries should also consider the intangible risk management […]

The Importance of Warehouse Legal Liability Insurance   Under the United States Uniform Commercial Code (UCC), a warehouse owner assumes responsibility for the materials they store for others for a fee. If a facility experiences a loss and a customer’s goods were damaged, the warehouse owner can be held liable for failure to exercise due […]

ISF Enforcement Update Effective May 13, 2014, and continuing for one year, Customs and Border Protection (CBP) announced an amendment to its Importer Security Filing (ISF) Enforcement Strategy. As a follow-up measure, CBP issued an ensuing FAQ document http://1.usa.gov/1hDS6bX which is an extension of the one-year review period that began July 9, 2013. CBP has modified its approach […]

ATA Carnet Lost Document Coverage and ATA Carnet Cargo Insurance The ATA Carnet Lost Document Coverage and ATA Carnet Cargo Insurance are both additional options that you can add on to your ATA Carnet. Often overlooked, both have valuable attributes that protect the ATA Carnet holder from any unforeseen expenses.  Lost Document Coverage will help […]