BOR letters legally determine the insurance agent allowed to send quote applications to insurance companies on your behalf. A Broker of Record (BOR) letter is a contract where someone designates an...
What is a BOR Letter?
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Why Is Importing EPA Commodities Risky?
There are certain risks involved when importing EPA commodities, so shippers must be aware of any regulations that could apply to their merchandise. The United States Environmental Protection Agency...
Top 5 Factors That Impact Cargo Insurance Costs
Marine cargo insurance costs are impacted by things specific to an importer’s individual business. There are specific risks insurers evaluate when shippers apply for coverage. Marine Cargo Insurance...
What is an Excise Tax?
An excise tax is a legislated tax on specific goods such as fuel, tobacco, and alcohol. The IRS establishes the amount of this tax, and CBP collects it on its behalf. When importing into the United...
Why Container Shipping is Locked in a Bottleneck
Container shipping, the backbone of the global trade, is showing signs of debility. The most profitable carriers are struggling to operate efficiently as bottlenecks worsen around ports, distorting...
How to Safely Prepare an LTL Shipment
While LTL shipping can be risky, it can be the best option for shippers transporting small quantities of cargo. Shippers should take safety measures to avoid loss or damage. To avoid delays, freight...
Importing for Amazon | Due Diligence When Choosing a Supplier
FBA shippers need to perform due diligence before selecting a supplier. Performing due diligence can protect buyers from issues like loss and liability. Due diligence is an investigation of a...
Shipping FCL vs. LCL
There are two options for container shipping. Shippers can choose to ship in a private, separate container or share a container with other shippers. Both of these options have advantages depending...
![[Video] A Breakdown of a Customs Bond Insufficiency Letter](https://traderiskguaranty.com/trgpeak/wp-content/uploads/2021/01/insufficiency-letter-breakdown-YT.png)
[Video] A Breakdown of a Customs Bond Insufficiency Letter
In an educational video, Trade Risk Guaranty explains what is included in a U.S. Customs Bond Insufficiency Letter and what each section means. U.S. Customs Bond Sufficiency continues to be a...
2020 United States Trade Wrap-Up
As we enter into 2021, it is essential to look back and reflect upon the events that occurred in the international trade industry through the year 2020. 2020 was a year for the books. Along with the...
Why is it Difficult to Get Warehouse Coverage?
Warehouse cargo insurance coverage has become more challenging to secure as more businesses seek this type of cargo insurance in the hardening market. The Hardening Insurance Market Warehouse...
What is an Import Penalty?
Inaccurate classification of goods, valuation of goods, country of origin, or goods not invoiced or declared can lead to CBP applying an import penalty on an importer. Import penalties are fines and...