What the heck is cargo insurance and who needs it? Last year, TRG helped us understand more about customs bonds. This year they’re back by popular request to talk with us about cargo insurance! Cargo insurance plays a vital role in protecting your goods during transit, yet many businesses overlook its importance or misunderstand its application. In this webinar, TRG will provide a high-level overview of cargo insurance, focusing on the different types of coverage, key considerations, and the process of selecting the right policy for your needs. We’ll also delve into the intricacies of claims and how to ensure that your shipments are adequately protected from potential risks.
BIS: Haas Automation Inc. Fined $2.5M for Export Violations to Russia and China
BIS: Haas Automation Inc. Fined $2.5M for Export Violations to Russia and China
January 24, 2025/
Haas Automation has admitted to 41 violations of the Export Administration Regulations (EAR) under a settlement agreement with the Bureau of Industry and Security (BIS). The violations stem from unauthorized sales of parts used to service previously sold Haas CNC machines to Entity-Listed parties in China and Russia, valued at approximately $29,254. These parts were crucial to the maintenance of CNC machines worth significantly more.
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