August 21, 2014 | Industry Insights

Volume Surge Prompts Cargo Diversions and Triggers Need for ISFs

Share This:
Featured Image

A growing volume of U.S. bound ocean container traffic intended to transit west coast Canadian ports has caused some Canadian terminals to stop accepting U.S. bound rail traffic. Steamship lines are diverting these containers to U.S. ports, especially Seattle and Tacoma.

These diversions to U.S. ports require that Importer Security Filings (ISFs) be submitted so that U.S. Customs and Border Protection (CBP) can apply its targeting measures. Shippers, Ocean Transportation Intermediaries, and customs brokers should continually monitor ocean cargo to identify when a cargo diversion occurs. When the diversion triggers the need to submit an ISF-10 or ISF-5, submit the ISF as soon as practical.

CBP acknowledges the disruptive nature of unplanned cargo diversions and how it might impact the timeliness of an ISF, and we believe CBP will not be “calling strikes” on untimely ISFs for this diverted cargo situation. Please visit Roanoke’s earlier updates that give more details about “three strikes” and cargo insurance implications for deviations.

Finally, CBP does not release cargo lacking the required ISF, and this Canadian diversion situation is no exception. ISFs must be filed.

Share This:

Related


Danielle Kurtzer: Charting New Territories as Roanoke’s RVP of Charleston

It is with great pleasure that we announce the promotion of Danielle Kurtzer to the role of Regional Vice President of our Charleston office, effective February 1, 2024. This is a significant milestone for Danielle and all of us at Roanoke, as she brings a wealth of experience and leadership to this pivotal role. Danielle’s journey in the insurance industry is nothing short of inspiring. With over 30 years under her belt specializing in Surety Bonds, Cargo Insurance, and Property & Casualty Insurance, she has proven herself to be a formidable force in the field. Her tenure at Roanoke began […]

Industry Insights

How to Protect Your Company from Nuclear Bodily Injury Verdicts

The liability landscape for the trade and transportation industry is changing. Carrier accidents on the road resulting in bodily injury and property damage (BIPD) claims pose a real financial threat to brokers, forwarders, and other transportation intermediaries. Recently, the number of large trucks involved in fatal crashes and the resulting jury awards have skyrocketed. Inconsistent application of the law has put the burden of these “nuclear verdicts” on not just the carriers but also the broker-forwarders responsible for hiring the carriers. This volatile litigation landscape and the rise in “nuclear verdicts” has specifically led to two related issues for transportation […]

Industry Insights

We are pleased to announce Karen Rzeszutko has been named President of Roanoke Insurance Group, effective August 1, 2023!

Karen has been a part of Roanoke for nearly 20 years. During this time, she has shown exceptional leadership skills and technical expertise in multiple customer-facing positions, such as Head of Marine & Liability Underwriting and Head of Liability Claims. Her most recent role was SVP, Chief Underwriting Officer, Marine at Munich Re Specialty Group N.A. where she was responsible for leading our inland, ocean and cargo liability underwriting teams. One of her notable contributions was developing essential insurance policies for our clients in the logistics sector. She also demonstrated outstanding dedication in promptly and favorably settling complex liability claims. […]

Industry Insights

Roanoke is the leading provider of insurance and surety solutions for transportation and logistics providers. In fact, we are recognized as the most reliable source for U.S. customs bonds.

Contact

If you have any questions or need help, feel free to contact with our team.

800-762-6653

US CORPORATE HEADQUARTERS

1501 E. Woodfield Road

Suite 400W

Schaumburg, IL 60173


CANADA CORPORATE HEADQUARTERS

390 Bay Street

Munich Re Centre, 22nd Floor

Toronto, ON M5H 2Y2

Solutions that Go the Distance.

© 2024 Roanoke Insurance Group Inc.

Better Business Bureau logoCoverholder at Lloyd's logo