Watch Trade Risk Guaranty's webinar on what to do when there is a claim on your bond.

[Webinar] How to Handle a Claim on Your U.S. Customs Bond

Trade Risk Guaranty walks through the process of receiving a liquidated damages claim or a supplemental duty bill and how to handle a claim on your U.S. Customs bond.

 
Receiving a claim on your U.S. Customs Bond is a stressful process with the potential of costing a large sum of money to an importer. When an importer receives a claim on their bond for the first time, there is not a clear outline of what they should do next to resolve the claim.

In TRG’s latest webinar, we were joined by a member of our in-house claims team, Senior Bond Claims Specialist, Rachel Bauman, to lead importers through the best course of action when a claim is issued on your Customs Bond. In the webinar, Rachel covered the following topics:

  • What are Liquidated Damages and what do they look like when issued?
  • What to do when you receive a Liquidated Damage claim
  • The top 4 causes of a Liquidated Damage claim
  • What are Supplemental Duty Bills?
  • How to handle a Supplemental Duty Bill when you receive one

For more insight into the process of entering goods into the United States, watch part 1 of this webinar: The Process of Liquidation and Entering Goods into the United States. Or check out our past blog post with an infographic illustrating the entry process: Importing in the United States: An Introduction.

Watch the Full Webinar About How to Handle a Claim on Your U.S. Customs Bond

 

View the Webinar Slides Below

 

Read the Full Transcript from the Webinar

Bond Claims Webinar Introduction

What are Liquidated Damage Claims?

What does a Liquidated Damage Claim Look Like?

What are the Most Common Types of Liquidated Damage Claims?

What are Supplemental Duty Bills?

What to do When You Receive a Supplemental Duty Bill?

How to Handle a Claim on Your U.S. Customs Bond Webinar Conclusion

Get access to TRG's full library of free resources for U.S. Importers in the Resource Hub.

Claims Processinformed complianceliquidated damagesSupplemental Duty Billtrade risk guarantyUnderwritingUS Customs BondVideoWebinar

Meredith Lambert • September 21, 2017


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