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Join us for the NCBFAA 2018 Government Affairs Conference in Washington, DC, September 23-25! The annual NCBFAA Government Affairs Conference (GAC) provides attendees with the opportunity to learn about timely and critically important industry changes directly from the influential players involved as well as make their voices heard when explaining the industry’s pressing challenges to their Senators and Congressional Representatives. See you there!
Join Colleen Clarke and Grant E. Goldsmith at the Global Trade Educational Conference 2018 and attend one of their CCS/CES credited informational sessions. This event will give customs brokers, freight forwarders, NVOCCs, OTI, service providers, importers, exporters and all global logistics professionals an opportunity to update themselves on industry developments and connect with colleagues new and old. All trade professionals are strongly encouraged to consider joining us! This two-day event in sunny, Dallas, Texas is sponsored in part by Roanoke Trade.
General Average: A Little-Known but Costly Risk General Average (GA) is an overlooked and poorly understood risk that has significant consequences for cargo owners with shipments that move via ocean vessel. A General Average loss includes possible damage to a shipper’s cargo, delay to the shipment, and additional costs associated specifically with a GA incident. Complicating the matter further, the shipping line that declares the GA has the right to hold the shipper’s goods until acceptable security is posted on their behalf. Shipper’s interest cargo insurance can mitigate all of these expenses and complications. So what exactly does the term […]
By: Matthew L. Zehner – Vice President, Surety Information & Analysis For some time ACE was not properly matching the entry filed by the customs broker to the eSTB. It was only matching on 4 of the 5 data elements (not matching entry type). The entry should match exactly to the information filed on the bond using these five data elements: Importer Number Entry Number Surety Code Bond Amount Entry Type On June 27, CBP implemented the fix for this, which may lead to you experiencing a higher number of errors when you file your entries. The typical example […]
By: Matthew L. Zehner – Vice President, Surety Information & Analysis In the June 12, 2018 Federal Register, CBP’s ACAS Interim Final Rule sets forth CBP’s new regulations requiring certain information about air cargo shipments that arrive in or transit the United States. Air Cargo Advance Screening (ACAS) regulations formalize a pilot program initiated over 7 years ago in response to terrorist attempts targeting air traffic, including the use of air cargo. These new regulations round out and backfill some existing requirements from the advance manifest regulations implemented nearly 15 years ago (19 CFR §122.48a), define the subset of air cargo […]
It probably comes as no surprise that Shipper’s Interest Cargo Insurance benefits cargo owners. This policy is an effective risk management solution that transfers the risk of loss or damage to goods from the cargo owner to the insurance company. What may not be so well known is that Shipper’s Interest Cargo Insurance can benefit transportation intermediaries as well. By procuring Shipper’s Interest Cargo Insurance for clients, transportation intermediaries add a level of protection against gaps in a carrier’s motor truck cargo policy and financial risks including those resulting from contractual liability claims. Procuring insurance on their clients’ behalf can […]
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