On April 19, 2020, the President issued an executive order to temporarily extend deadlines for estimated duties, taxes, and fees for 90 days to provide relief for importers suffering significant...
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[Webinar] The Impact of COVID 19 on International Trade
In an educational webinar, Trade Risk Guaranty discussed the impact of COVID-19 on international processes around the world. As we all personally adjust to the new reality the coronavirus pandemic...
Preparing for Supply Chain Disruption in the Wake of COVID-19
While imports of medical supplies and other essential health items are sharply increasing, orders for merchandise imports as a whole are being canceled, slowed down, or sent to warehouses for...
Number of Insufficient Customs Bonds in 2019
TRG receives notices for insufficient Customs Bonds on the first week of every month for every bond we provide. So what did 2019 look like? Since Trade Risk Guaranty specializes in providing U.S....
Coronavirus Impact on International Trade
In addition to the threat to human life, what will be Coronavirus impact on international trade and global supply chains? While the world works on mitigating the impact of the Coronavirus (COVID-19)...
Understanding an Insufficiency Letter for Your Customs Bond
When your bond is deemed insufficient by Customs, an importer will receive an insufficiency letter informing them. But what does it mean and what should you do? U.S. Customs and Border Protection...
[Webinar] Incoterms® 2020: What’s Changed?
Trade Risk Guaranty held an educational webinar covering the changes released in Incoterms® 2020 and why these changes were made. As of September 2019, the International Chamber of Commerce released...
Incoterms® Comparison: CIF Versus FOB
Get a better idea of which term is right for your business in this Incoterms® comparison of CIF versus FOB. While we all understand the importance of knowing the Incoterms® rules used for our...
[Video] What is Bond Sufficiency?
In an educational video, Trade Risk Guaranty explains the basics of bond sufficiency and how an importer must forecast their importing when an increase is necessary. Although U.S. Customs Bond...
The Increasing Importance of Cybersecurity in International Trade
Cybercrimes have accounted for $2 trillion in losses this year - a good reminder that companies large and small need to ensure even the basic level of cybersecurity hygiene to protect both...
A Guide to the Notable Changes in Incoterms® 2020
Every 10 years, the International Chamber of Commerce (ICC) updates its Incoterms® rules for international trade. Here’s what’s changing for Incoterms 2020. After months of speculation, the wait for...
What Are the Top 10 U.S. Imports?
American imports totaled $2.614 trillion last year. Read the list below to find out which products made up the top 10 U.S. imports for 2018. The following list details the top 10 U.S. imports in...