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: New York Semiconductor Firm Shipped $17.1 Million in Wafers to Entity List Company
BIS: New York Semiconductor Firm Shipped $17.1 Million in Wafers to Entity List Company
November 8, 2024/
BIS has imposed a civil penalty of $500,000 on GlobalFoundries US. GlobalFoundries is a semiconductor manufacturer in New York, and they shipped ~$17.1 million in semiconductor wafers to a company on the BIS Entity List without licenses. They voluntarily disclosed, cooperated with the investigation, and took remedial issues after discovery.
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