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Pharma Cargo Thieves Bolder with New Technology and Insider Info Full-truckload pharmaceutical thefts rose by 50% in 2013, and the average loss value rose 14.15% to $261,810, according to FreightWatch International data. Total pharmaceutical cargo thefts, including last-mile heists, more than doubled in number, with the average value of loss rising to $180,346 from $153,697 in 2012. Two disturbing trends make combating pharma cargo theft more difficult, but knowing what you’re facing is a significant part of the battle. Insider information appears to be at play in some of the more notable thefts, but experts add that technology innovations are […]
Customs Bonds: The Deficiency Is in the Details In April 2014, U.S. Customs and Border Protection (CBP) re-instituted the procedure of rendering continuous bonds insufficient due to returned mail. A bond with an insufficiency status cannot be used to make entry or for Importer Security Filings. That, warns Roanoke Trade account executive Jason Palumbo, could lead to professional liability claims against the customs broker. Palumbo, writing in a web post for the National Customs Brokers & Forwarders Association of America, notes that continuous bond insufficiencies could cost an importer the unanticipated expense of single transaction bonds to make entry as […]
J.S. Hickey Co., Inc./Donmar Brokerage Corporation, is pleased to announce that effective September 1, 2014, your customs bond and marine insurance programs will be serviced through Roanoke Trade, a division of Roanoke Insurance Group Inc. Roanoke Trade has served as the bond provider and valued partner of J.S. Hickey/Donmar Brokerage for over 20 years and we are excited to expand this partnership. Danielle Levine and Mark Cunningham are joining the Roanoke Trade team and will continue to be available to you from the J.S. Hickey/Donmar Brokerage Valley Stream, NY office location. Additionally, you can continue to access your online bond solutions at: […]
A growing volume of U.S. bound ocean container traffic intended to transit west coast Canadian ports has caused some Canadian terminals to stop accepting U.S. bound rail traffic. Steamship lines are diverting these containers to U.S. ports, especially Seattle and Tacoma. These diversions to U.S. ports require that Importer Security Filings (ISFs) be submitted so that U.S. Customs and Border Protection (CBP) can apply its targeting measures. Shippers, Ocean Transportation Intermediaries, and customs brokers should continually monitor ocean cargo to identify when a cargo diversion occurs. When the diversion triggers the need to submit an ISF-10 or ISF-5, submit the […]
Roanoke Insurance Group is very pleased to inform you that our hard work has paid off in securing exemption from the Electronic Export Filing (EEI) filing requirement for ATA Carnets! We received verbal confirmation from both U.S. Customs and Border protection (CBP) and U.S. Census Bureau yesterday. U.S. Census is currently working on revising the rules, which should be published very soon. October 2 is no longer a looming deadline for ATA Carnets! How Did the FTR Affect ATA Carnet Benefits? March 2013, several changes were made to the U.S Census Bureau’s Foreign Trade Regulations (FTR) pertaining to the filing […]
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