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.
DOD: 70 Imported Items Could Lose Exemptions to Boost Domestic Production
DOD: 70 Imported Items Could Lose Exemptions to Boost Domestic Production
October 30, 2024/
The Department of Defense put out a proposed rule that is available for comment until 12/23/2024 amending the list of domestically nonavailable articles under Buy American. Federal contractors are often subject to Buy American rules that require a certain percentage of the materials they use be US-origin. There is a list of items that don't have domestic production, allowing the contractors to still be in compliance if they purchase those materials from foreign manufacturers. This rule is put out by DoD, the General Services Administration, and NASA. They're looking to take 70 of the 109 articles on that list off of the list, and to amend the process for putting articles on the list. They're proposing this as a "general reset" of the list as a means of encouraging market research and telling the domestic industry to start producing.
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