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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 benefits they can gain. Transportation intermediaries are widely regarded as experts in their field. Cargo owners rely on them for their expertise and sound advice, particularly as it relates to risk of loss for cargo in transit. Some cargo owners are unaware of exposures such […]
On June 19, Roanoke Trade and the Chicago Customs Brokers & Forwarders Association co-sponsored CBP’s ACE outreach session for the Chicago trade community. This event on the progress of ACE development and mandated deployment dates was the largest attended ACE outreach session to date with over 150 members of the trade community present. We would like to extend our gratitude to Steve Hilsen and Vincent Annunziato of CBP’s ACE Business Office for their time and commitment to this important ACE outreach effort. A special thank you is also extended to the Chicago Customs Brokers & Forwarders Association for their cooperation in […]
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 care over their possessions. Warehousing claims may arise from theft, fire, flood, lack of refrigeration, roof collapse, missing inventory, damage during handling, insufficient facility maintenance, trailer theft and a number of other causes. That’s where Warehouse Legal Liability Insurance steps in. This coverage provides […]
It’s been several months since Moving Ahead for Progress in the 21st Century (MAP-21) and related FMCSA regulations have been in effect. Yet, transportation intermediaries and truckers are still unclear as to how these rules pertain to their operations. Sign up for this informative webinar to find out how these regulations apply to your business. During this presentation you will learn the following: 1. How the FMCSA may define your business activities 2. Regulatory and commercial consequences of non-compliance 3. The consequences of negligent hiring and vicarious liability and its effect on your industry. Who should attend? Principals, shareholders, risk […]
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 pertinent to the enforcement of ISF-10 filings. Ports will now implement enforcement actions for the most severe violations, such as ISFs that are significantly late or have gone missing. Tardiness is relative to the length of ocean voyage to the U.S., but the focus is […]
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 with avoiding costly fees and delays associated with losing an ATA Carnet in a foreign country while ATA Carnet Cargo Insurance is vital coverage for physical loss or damage to the goods being shipped on the ATA Carnet. The ATA Carnet is still a physical […]
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