Industry Insights

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. […]

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 […]

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 […]

Written by Jacob Fisher and Nathaniel Saylor of Scopelitis, Garvin, Light, Hanson & Feary, P.C. International forwarders often enjoy a significant advantage over entities that arrange for domestic transportation in that international forwarders are able to perform a larger amount of their services pursuant to their standard terms and conditions, whereas domestic providers are often required to sign onerous […]

By: Colleen Clarke – Vice President, Surety Trade Relations As announced by the U.S. Trade Representative in Docket Number USTR-2018-0018 on June 15, 2018, the White House announced that the U.S. will impose retaliatory duties of 25% on goods valued at $34 billion covering 800 tariff numbers where the country of origin is China and […]

U.S. Customs and Border Protection (CBP) announced in CSMS#18-000372: UPDATE: Additional Duty on Imports of Steel and Aluminum Articles under Section 232 an update based on the President’s Proclamation on adjusting the duty and quota requirements for steel and aluminum. The update advises as of June 1, 2018, all steel and aluminum articles imported from […]