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.
Trade News
EU: European Commission Publish Guidance for Operators
The EU published guidance for operators’ due diligence against Russia sanctions circumvention. There’s 11 pages of risk review and mitigation measures that are great practices. Read More
CBP: Seized Unpermitted Wildlife Products
CBP seized two shipments, one of taxidermized birds, the other of horned mammal skulls. CBP officers detained both shipments and consulted with inspectors from the U.S. Fish and Wildlife Service (USFWS) who advised CBP that the wildlife products violated U.S.…
WTO: Press Release
The WTO press release about the publication of the 2023 World Tariff Profiles. Read More
CBP: Published the quarterly IRS Interest Rates
CBP has published the quarterly IRS interest rates used to calculate interest for underpayments and overpayments of customs duties. Read More
BIS: Chemical Weapons Convention Regulations Update
The BIS published a final rule amending the Chemical Weapons Convention Regulations (CWCR) to reduce the concentration threshold level for mixtures containing a Schedule 2A chemical. Read More
EPA: TSCA SNURs
The EPA has proposed significant new use rules (SNURs) under TSCA for certain chemical substances. Read More
COVID Product Section 301 Exclusions Extended
The COVID Product Exclusions for Section 301 duties are being extended through 5/31/2023 for 81 items, and extended through 9/30/2023 for 77 items. The HTS to be used from 6/1/2023 – 9/30/2023 is 9903.88.68. Read More
Colombia Updates the Way They Approach Customs Issues
Colombia added minimum penalty amounts, fine reductions, an audit/review committee, an overview of violations from different roles, and changes in the way that defense works. Read More
OFAC: Settlement with Danfoss
OFAC has announced their settlement with Danfoss, a Danish company that sells refrigeration and cooling products. Danfoss has agreed to pay $4,379,810 for potential civil liability related to apparent violations of the Syrian, Sudanese, and Iranian Sanctions Regulations. Read More
CBP: Merchandise Detained
CBP is detaining merchandise from Jingde Trading Ltd., Rixin Foods Ltd., and Zhejiang Sunrise Garment Group Co Ltd., beginning 12/5/2022. This is because CBP investigations show that these companies are using North Korean labor in their supply chains, in violation…
CBP: Customs Broker Guidance for the Trade Community
CBP has published version 1.1 of the Customs Broker Guidance for the Trade Community. This provides tools and information to the customs broker community. Read More
DDTC: ITAR Compliance Program Guidelines
The Directorate of Defense Trade Controls (DDTC) is publishing new ITAR Compliance Program Guidelines. These guidelines give an overview of a solid compliance program, and introduce defense trade controls. ReadMore