February 18, 2019 | Events
Roanoke Speaks to Managing Transportation Risks
Many imported goods and materials are currently subject to increased tariffs resulting from the ongoing “trade wars.” The higher tariffs have precipitated a spike in CBP-mandated increases to customs bond amounts. In the first half of this session, learn how to eliminate the frustration of replacing bonds, avoid the risk of paying unnecessary premium, and reduce the likelihood of having to obtain a larger bond again in the future.
Customs brokers and importers are encouraged to proactively manage their import bonds on goods subject to the Section 232 and 301 increased tariffs by projecting the amount of duty paid in the next year.
In the final part of the session, you will learn about the significance of cargo insurance when loss or damage occurs to cargo in transit. Even a robust risk management strategy, can’t prevent a loss from occurring and recovery from carriers is extremely limited. Carriers are liable only if they are considered negligent and they are not responsible for losses that are unforeseen or beyond their control. Examples of this include fire, heavy weather, earthquakes, acts of war, riots, and civil unrest…
Without cargo insurance, in the event of a loss a cargo owner may only be indemnified for a small portion of what their cargo is actually worth.
To learn how to manage these risks to your customs bond and cargo, please join us at the Advanced Topics in Customs Compliance Conference. We’re leading a session in the Advanced Exporters and Other Topics track.
Colleen Clarke from Roanoke Insurance Group Inc. will be joined by H. Shane Garcia from R.W. Smith & Company to present on the topic, “Managing Bond Compliance and Transportation Risk” on Thursday, February 21 at 4:15 p.m.
Find Us in the Exhibit Hall
If you can’t make the talk, you can find us in the exhibit hall. Please stop by to say hello and drop your business card to enter our raffle for the chance to win a $50 Visa gift card!
Also, we’d be happy to share key takeaways from Colleen and Shane’s presentation.