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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....
TRG in Quarantine – Working from Home During COVID-19
The TRG team is working from home during the COVID-19 outbreak, but what does working from home actually look like? This year we have entered an unprecedented global situation none of us at Trade...
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...
[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...