Shipping FCL vs. LCL

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 on the situation. Shippers have two options: shipping a full container load (FCL) or a less than container load (LCL). There are pros and…

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Trade Risk Guaranty provides insight on what to expect when your bond is deemed insufficient.

[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 primary concern as U.S. Customs and Border Protection moves into a new year. However, the topic remains as confusing as ever for many…

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2020 United States Trade Wrap-Up
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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 COVID-19 pandemic and the trade war, many significant events affected the global economy throughout the year. Let’s review…

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Why is it Difficult to Get Warehouse Coverage?

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 coverage becomes complex when it comes to securing a policy in a hardening insurance market. A hard market is an upswing in a market cycle, in which…

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What is an Import Penalty?

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 legal action applied to importers by U.S. Customs and Border Protection (CBP) when goods are imported into the United States in violation of…

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What is Warehouse Insurance Coverage?

What is Warehouse Insurance Coverage?

Warehouse Insurance protects cargo during storage. A cargo insurance policy can be extended to cover additional warehouse coverage, including floods, windstorms, and earthquakes. Policies are customized based on the type of goods, mode of transport, and preferred protection. A warehouse’s responsibility is to keep their customer’s goods safe in exchange for a fee. Warehouses offer…

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