Industry Insights

As of September 1, 2015, the new officers of the International Trade Surety Association (ITSA) have been voted in and we are pleased to advise Roanoke’s Colleen Clarke has been elected as the new President of the association. While ITSA’s membership is small, it is a powerful voice for the customs surety industry with its […]

Most freight forwarders have an insurance policy to facilitate cargo coverage for their clients. However, not all of them effec­tively utilize it to maximize the benefit to both their company and their clients. Many shippers do not understand the intricacies of cargo insurance and/or the risk associated with uninsured cargo. This lack of awareness provides […]

Cargo theft is a multibillion-dollar problem across the nation, including in big food-producing states such as California. According to the FBI, highly sophisticated thieves – who often act with some privileged knowledge – have stolen up to $30 billion worth of cargo each year, including highly valued nuts, fruits and vegetables, meat, soda pop, cookies, […]

Friday, October 16, 2015 Sandler, Travis & Rosenberg Trade Report A year after substantially revising a proposal to overhaul its regulations on ocean transportation intermediaries, the Federal Maritime Commission may be preparing to issue a final rule. The Commission is scheduled to hold a partially open meeting Oct. 21 at which this rulemaking will be […]

In an October 5 Cargo Systems Messaging Service transmittal, CBP issued an “important reminder” to all importers & brokers that the importer of record must deposit estimated ADD/CVD when certain Post-Summary Corrections or Post Entry Amendments are filed. Two situations are in view: When the PSC/PEA is filed to change the Entry Type Code from […]

  When the El Faro cargo ship and its 33 crewmembers left the port of Jacksonville, Florida last Tuesday, October 1, Joaquin was a tropical storm. Yet, as the ship approached the Bahamas, Joaquin turned into a Category 4 hurricane, and by Thursday, El Faro was trapped in the crush of 50-foot seas and winds […]