A U.S. Customs Broker has a vital role in the process of importing into the United States, but what are the limitations to that role? Navigating the complexities of international trade can be as challenging as steering a ship through stormy seas. One essential tool for ensuring that your cargo reaches its destination without a hitch is a customs bond. But who should you turn to for such a critical element of your trade arsenal? Traditionally, businesses have relied on customs brokers to manage this aspect, but what if there’s a more streamlined, cost-effective route? This guide will explore th ..read more

Antidumping and countervailing’s impact on Customs bond sufficiency can have a lasting affect on the bond size an importer is required to have on file. In recent years, it has become more and more important for a business that imports into the United States to understand and to keep track of their U.S. Customs Bond Sufficiency throughout the year. This increased awareness is largely due to the affect the Section 301 tariffs had on bond sufficiency, particularly when they were first implemented. However, there are many factors that can impact bond sufficiency, including: the general volume of e ..read more

Antidumping laws in the United States can be very intimidating for businesses that import, but the first step to protecting yourself is understanding the basics. In global trade, it’s important to price imported goods fairly, not just for competition but also for legal reasons. Antidumping (AD) laws are put in place when low-priced imports threaten a country’s domestic industry. Let’s dive into the essentials of these laws and their impact on global trade practices. What is Dumping? Dumping occurs when manufacturers export a product to another country at a price lower than the price it charges ..read more

Is there a difference between marine cargo insurance and air cargo insurance? It’s a question that often arises in the world of logistics and shipping, and it’s essential to clear up any misconceptions. The good news is that all modes of transportation and all aspects of a supply chain can be covered under one comprehensive policy, typically referred to as your marine cargo insurance policy. In this article, we’ll clarify the scope of marine cargo insurance and highlight the benefits of shipping your cargo via air transit, all while emphasizing that these are not separate policies but rather c ..read more

Trade Risk Guaranty defines antidumping and countervailing in a new educational video on their YouTube channel. The topic of antidumping and countervailing can be very scary for any business or entity that imports goods into the United States. For more information on the topic of antidumping and countervailing, check out our many blog posts on the topic. What are Antidumping and Countervailing duties? Watch the video below to learn what antidumping and countervailing duties are and why they are enforced within the United States.   Did you like that video? Subscribe to our YouTube Channel ..read more

In a recent webinar, Trade Risk Guaranty discusses the rising cost of property insurance and how to lower the cost of your warehouse insurance policy. Over the course of the past 10 years, there have been various global events that have resulted in large sums of insurance losses. These losses have had a drastic effect on the insurance market by making property insurance rates steadily rise. Since there are many types of insurance that fall under the general umbrella of a company’s property insurance, this has impacted businesses and left them looking for cost saving solutions. As an expert in ..read more

Trade Risk Guaranty hosted a webinar in July 2023 to discuss recent news and give importers a 2023 Q2 international trade update. In a recent webinar, Trade Risk Guaranty continues our tradition of sharing quarterly webinars throughout 2023. These webinars will cover a variety of topics with the intent of providing a general update on the international trade industry. Catch up on our 2023 Q1 international trade update to reviews news from the early part of this year. In our most recent webinar, TRG discussed a 2023 Q2 international trade update and provided an additional update on the status o ..read more

Every business is required to have a bond on file in order to import into the United States, but who is able to terminate the U.S. Customs Bond once it is in place? A U.S. Customs bond is a 3-party agreement between the Principal on the bond, the Surety backing the bond, and U.S. Customs and Border Protection. As those are the three parties on the bond agreement, they are also they only parties that are able to cancel a bond. The following is an explanation of each party and why they may choose to terminate a bond. U.S. Customs and Border Protection U.S. Customs and Border Protection is the go ..read more

Trade Risk Guaranty hosted a second webinar discussing updates around the Canadian Customs Bond. Changes have been rolling out for Canadian importers for the past few years, but where do those changes stand? These changes are coming from the CBSA Assessment and Revenue Management (CARM) project which is rolling out in the form of 2 releases. Release 1 went live in May 2021 while Release 2 is planned to go live in October 2023. So the primary question is what should Canadian importers handle now and what is coming? In our most recent webinar, TRG discussed the updated information that has been ..read more

There are many dates associated with the placement and renewal of a U.S. Customs Bond, but one of the most important is the bond effective date. When the time has come for the renewal of your U.S. Customs Bond, many sureties, including Trade Risk Guaranty, will require payment to be made 1 month prior to the effective date of your bond. But why so early? And what is the difference between the bond effective date versus the payment due date? Why is your U.S. Customs Bond Payment Due 1 Month Prior to the Bond Effective Date? U.S. Customs Bond payments are due 1 month prior to the effective date ..read more