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Bahrain Implements ATA Carnet System The Kingdom of Bahrain is joining the ATA Carnet system! A much anticipated trading partner of the U.S. will begin operating under the ATA Carnet system on June 1, 2014. This will simplify the temporary export process for U.S. businesses exhibiting at trade shows in Bahrain. Bahrain is the 74th country and the second Gulf Cooperation Council member state to implement the ATA Carnet system, according to the International Chamber of Commerce (ICC). The ICC’s World Chambers Federation ATA Carnet manager anticipates more countries in the region, notably Saudi Arabia and Qatar, will join in the […]
The eBond concept has been around for many years. As the ACE project is moving forward, the filing of bonds in an electronic environment is imperative. CBP has begun development of eBond which is set to deploy in January of 2015. At that time, all single transaction bond entries filed in ACE will require an eSTB. Further in November 2015, CBP will require ALL entries to be filed in ACE. This presentation will inform participants of the surety perspective and how your understanding of the process will help you maintain this important revenue stream. Learn how your software provider is […]
As long time supporters of the Trade Support Network, Roanoke Insurance Group Inc. and the Chicago Customs Brokers & Forwarders Association are pleased to host CBP’s ACE Outreach event on June 19, 2014. This complimentary event will provide the Chicago area trade community with details on ACE deployments, mandated dates for use of ACE, and new functionality that is rapidly developing. The CBP flyer announcing this event provides details for registration. The event will be from 9am-11am at the Schaumburg Corporate Center at 1501 E. Woodfield Road in Schaumburg, IL. Don’t wait to register; there is a 200 person capacity […]
FMCSA’s Guidance Still Missing on Many MAP-21 Provisions It’s been nearly two years since the Moving Ahead for Progress in the 21st Century Act (“MAP-21”) was signed into law. Yet, there is still a great deal of uncertainty as to how those new laws will be interpreted and applied to customs brokers, FMC (Federal Maritime Commission) Ocean Transportation Intermediaries (“OTIs”), and indirect air carriers (“IACs”). Many existing FMCSA (Federal Motor Carrier Safety Administration) laws were created or modified by MAP-21 in an attempt to improve regulation of the domestic transportation of freight and passengers. Unfortunately, MAP-21 also created some ambiguity […]
Cyber Liability Insurance for the Transportation Industry Computer security experts joke that there are only two types of companies: those that know they’ve been hacked, and those that will be hacked. Considering that the data for just one shipment may pass through multiple PCs, websites, servers, clouds and third party vendors; transportation and logistics companies are exposed to data breaches throughout their business activities. It should come as no surprise that some of your industry associates have also become victims of computer hackers with some companies spending over $100,000 to address and resolve the problem. A recent example is that […]
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