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...
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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...
[Video] What is a U.S. Customs Import Bond?
Trade Risk Guaranty walks through the basics of a U.S. Customs Import Bond; what they are, who they cover, and how they work. There are many parts of the importing process that can confuse and...
A Timeline of Historic Maritime Disasters – and What to Learn for 2020
Modern technology and safety procedures have drastically reduced maritime accidents over the last 100 years, but shipping disasters can still occur. Here’s a look at some of the most notable...
Double Trouble: M/V Zhen Hua 10 and 23
This shipping disaster includes two separate incidents which occurred right offshore within the period of a month on two of the M/V Zhen Hua vessels. When transporting goods across the ocean, being...
MSC Napoli: Theft in the English Channel
Rare circumstances allowed local residents to participate in the cargo theft of the MSC Napoli along the beaches of the Lyme Bay in the UK. No matter where you are traveling in the ocean, unforeseen...
5 Surprising Statistics About 2019 Holiday Shopping and Shipping
As the holidays draw near, both shoppers and shippers should prepare for a surge in packages - and theft that follows. Understanding these holiday shipping statistics may help you prepare as well....
Protect Your Cargo: The M/V CMA CGM Dahlia
The M/V CMA CGM Dahlia shipping disaster is another example of how dangerous the ocean can be. As we’ve said before, there is no guaranty of safe passage when bringing goods across the ocean....
What is Cargo Theft and How Can You Protect Your Shipments?
Learn about cargo theft and how your can protect your shipments from it. Cargo theft is a large financial danger to your imports. In 2018 the average value of stolen goods per incident was $142,342...
How Shipping Containers are Made
Shipping containers are a vital part of international trade. Learn about how these steel boxes are created. Millions of shipping containers are used every day to transport goods. Shipping containers...
More Rounds of Section 301 Exclusions Granted of Lists 1, 2, & 3
The U.S.T.R. announced additional rounds of Section 301 exclusions to goods included on List 1, 2, and 3 throughout the month of October. These items will be excluded from the current additional 25%...
The Dangers of Misdeclared Cargo
Misdeclared cargo can pose a serious danger to shippers. See how misdeclaration occurs and how you can be held liable for damages. The KMTC containership was docked in Thailand on May 27th earlier...