News & Insights
The Purpose of the Customs Bond Risk Assessment Why does a surety underwriter choose to to review the customs bond principal’s financial position? Because the bond represents a financial risk to the surety. The customs bond is a three-party contract between the surety company, US Customs and Border Protection (CBP), and the importer who […]
In observance of the holiday, our offices will be closed on Monday, February 15th and reopen on the 16th resuming normal business hours. Happy President’s Day!
General Average (GA) is an often overlooked and poorly understood risk with significant financial consequences for cargo owners. Navigating through a GA can be a difficult and frustrating experience for logistics providers and cargo owners, but it doesn’t have to be. Join us on Wednesday, February 24th at 12pm CT as our panelists delve […]
An important change written into CBSA Notice 20-28 went into effect as of January 4, 2021. Starting on this date only electronic house bills may be used for consolidated shipments, if not specifically exempted. This requirement directly impacts Freight Forwarders arranging shipments into Canadian ports. Freight forwarders are liable for the transmission of house bill data […]
Overview The transportation, trade and logistics sector, like any other industry vertical, has been hit by ransomware, social engineering and other cyber threats. These threats upend operations and increase the total cost of risk for companies. In fact, transportation ranks among the top five industry sectors vulnerable to ransomware. There are several reasons why […]
Brexit and the ATA Carnet Brexit, the departure of the United Kingdom (UK) from the European Union (EU), has been in the news for years now, and finally in the new year, it has come to pass. For concerned logistics service providers and shippers, this change will not have a significant impact on US ATA […]
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