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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What is Defined as a Package?

[Video] What is Defined as a Package? | Carrier Limit of Liability

Federal courts have struggled to provide a clear and specific definition of a package for the purpose of carrier limit of liability. Carriers and their insurers have attempted to limit liability by having the courts treat a container or pallet as a package rather than individual packages in the container or on a pallet as…

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Types of Customs Import Duties

Types of Customs Import Duties

When importing into the United States, shippers should have an understanding of the different types of duties they will be required to pay upon entry. Customs Duties are an indirect tax imposed on goods imported into the United States. The government collects customs duties to protect the economy, citizens, jobs, environment, and more by controlling…

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Importing for Amazon: How to Create a Shipping Plan in Seller Central

Importing for Amazon: How to Create a Shipping Plan in Seller Central

Shippers that are learning to sell imported goods using Fulfillment By Amazon will need to learn how to create a shipping plan using Seller Central. Those new to shipping for Amazon will need to become familiar with Seller Central. Using the ‘Manage Inventory’ screen, FBA shippers must provide Amazon with specific information about their shipment….

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