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
Justice: Florida Man Sentenced for $5M Biochemical Wire Fraud Scheme
Pen Yu was sentenced in Tampa to three years, eight months in federal prison for conspiracy to commit wire fraud. He ordered biochemical products from Millipore Sigma (subsidiary of Merck), falsely representing that he was affiliated with a Florida university’s…
CSMS: CBLE Registration Starts Next Week!
Registration for the October 2024 Customs Broker License Exam opens August 12 at 12:01am Eastern, and closes September 11 at 4:30pm Eastern. Read More
OFAC: Issues Guidance on Extended Statute of Limitations for IEEPA and TWEA Violations Under New Law
Office of Foreign Assets Control released some guidance on the extension of the statute of limitations that was signed into law on April 24, 2024. Section 3111 of the 21st Century Peace through Strength Act extended the statute of limitations…
CBP: 60 Counterfeit Hair Dryers Seizes from China Lacking Essential Safety Features
U.S. Customs and Border Protection seized 60 counterfeit and dangerous hair dryers from China. These hair dryers had a fraudulent UL marking, and were not equipped with the required immersion protection device (a circuit interrupter that reduces shock if the…
Justice: Iranian National Extradited for Plan to Evade US Export Restrictions
An Iranian national has been extradited to the US for his role in a years-long plan to evade US export restrictions, transshipping advanced US electronic testing tech to Iran via third-party countries. Read More
OFAC: Expands Educational Series with New Video
OFAC is continuing to flesh out their YouTube video education series! Their newest video is OFAC Basics: My Funds are Blocked, Now What? It joins the first video in the OFAC Basics series, and the first two Introduction to OFAC…
US Commercial Service
Learning about your resources! Do you know what the US Commercial Service has to offer you? Watch along as we talk with a representative from USCS and learn about their mission, goals, and services they provide. Topics Include: Trade expertise…
CSMS: FLETF Unveils Updated UFLPA Strategy for China
The Forced Labor Enforcement Task Force (FLETF) released their new UFLPA Strategy for China. They identified new priority sectors: aluminum, PVC, and seafood. They continue to designate apparel, cotton and cotton products, silicon-based products, tomatoes, and downstream sectors as priority…
BIS: Press Release on Export Diversion Risk Guidance
The Bureau of Industry and Security issued a press release about their July 10 export diversion risk guidance. Read More
CBP: Customs and Border Protection FY2023 Report
A New York company admitted to an illicit export control scheme where they shipped electronic components from the US to Russian-military-affiliated companies.
CSMS: CBP Implements Mandatory Company Identification for Reports
A New York company admitted to an illicit export control scheme where they shipped electronic components from the US to Russian-military-affiliated companies.
Justice: Arkansas Arms Dealer Sentenced to Nearly 5 Years in Federal Prison
A New York company admitted to an illicit export control scheme where they shipped electronic components from the US to Russian-military-affiliated companies.