What is Covered by the Freight Company?

What is Covered by the Freight Company?

When shipments are lost or damaged in transit, shippers will need to know what to expect from their freight company, or carrier, when filing a claim. Lost or damaged shipments will not be fully covered by the freight company. Freight companies are limited in their liabilities towards shippers, so shippers should consider purchasing cargo insurance…

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The Basics of Customs Valuation

The Basics of Customs Valuation

Customs Valuation determines the economic value of goods declared for importation. Importers must accurately assess and declare the value of goods to Customs before arrival. Those importing into the United States must adhere to specific guidelines set by the U.S. Customs and Border Protection (CBP). Using a standard set of rules for Customs Valuation is…

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Carrier Limit of Liability: What is Defined as a Package?

Carrier Limit of Liability: What is Defined as a Package?

Since the Carriage of Goods by Sea Act (COGSA) was implemented, federal courts have struggled to provide a clear and specific definition of a package for the purpose of carrier liability. The term package is not defined in COGSA, and there is no legislative history to help determine its meaning. Some courts have held that…

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Importing for Amazon: FBA Merchandise Import Process

Importing for Amazon: FBA Merchandise Import Process

Before selling merchandise on Amazon, FBA importers need to understand their obligations in the import process. Those selling products sourced from other countries are commercial importers and should abide by import laws set up by the U.S. Customs and Border Protection (CBP). It is the FBA seller’s responsibility to ensure the imported goods comply with…

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What does it mean to insure shipment-by-shipment?

What Does it Mean to Insure Shipment-By-Shipment?

When choosing a cargo insurance policy, it’s essential to look closely at cost and coverage in order to choose the one that is the best fit. Those who rarely ship may financially benefit from shipment-by-shipment cargo insurance, but it is wise to consider the benefits of an annual policy. Shipment-By-Shipment Cargo Insurance Policies Shipment-by-shipment cargo…

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Trade Risk Guaranty Participates in the Godfrey Saunders Run for Social Justice

Trade Risk Guaranty Participates in the Godfrey Saunders Run for Social Justice

On July 25th, seven Trade Risk Guaranty employees participated in the Godfrey Saunders Run for Social Justice. We agreed that this was a worthy cause for the company to promote wellness as well as our diversity & inclusion efforts. Participants in the Godfrey Saunders Run for Social Justice walked or ran 5k or 10k, or…

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