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ISF Enforcement Updates The trade community’s interest in ISF developments remains high. Considering the sweeping impact of this program upon brokers, importers, and others, this is no surprise. Has there been a great deal of ISF discussion over the past seven months? Yes. Have there been a many substantive changes? Not really. As a follow-up to an ISF enforcement update Roanoke prepared for its clients and colleagues late last summer, we have prepared a brief status report on ISF administration. To access this concise update, click here. Should you have any questions, please submit them via email to Dave Jordan at dave.jordan@roanoketrade.com so he may respond to you. Or you […]
Update on Exemptions for ATA Carnet Roanoke Insurance Group confirmed that the U.S. Council for International Business (USCIB) has received a written statement from U.S. Census clarifying that during this period of Informed Compliance ATA Carnet shipments will still be exempt from the new EEI filing requirement. U.S. Census stated the following: “During this period (of Informed Compliance), the CBP will not penalize Carnet holders, authorized agents, or carriers of these goods for failure to file the EEI or ship Carnet exports. The period of informed compliance will take place from the revised FTR effective date of April 5, 2014, through October […]
TRIA Reauthorization and the Transportation and Logistics Industry During the last eighteen months there has been ongoing debate over the reauthorization of the government-backed Terrorism Risk Insurance Act (TRIA), which is set to expire on December 31, 2014. There have been multiple hearings during this time with the most recent taking place the week of April 8th. On the heels of the one-year anniversary of the Boston Marathon terrorist attack, the Senate just agreed to a bipartisan bill that would extend TRIA for seven years with some major changes. The primary change would increase insurer co-pays from 15% to 20% […]
On April 23, 2014, Vlad Polishchuk will be presenting a seminar at the Newark Club in New Jersey on ‘ATA Carnet: The Merchandise Passport’ for the New York/New Jersey Foreign Freight Forwarders and Brokers Association Inc. This luncheon presents the opportunity to learn about how ATA Carnets can benefit your bottom line, how to make customs clearance a breeze, upcoming trends and guidelines. We invite you to register for this seminar by clicking here.
Claims Made Vs. Occurrence-Based Insurance: The Debate Continues There is a lot of chatter about whether an Occurrence trigger vs. a Claims-made trigger is better for Errors & Omissions insurance coverage. First, let’s understand the difference. Occurrence policies respond to claims that occurred during the policy term, regardless of when they are reported. Claims-made forms cover claims presented against the policyholder during the policy term, regardless of when they occur. Why do both forms exist? While it’s likely that Occurrence triggers were around first, Claims-made triggers were developed by the insurance industry to address concerns associated with professional liability and […]
In May of 2013, Roanoke entered into a contract with the United States Council for International Business (USCIB) and expanded its role as a USCIB Carnet Service Provider. Roanoke now issues Carnets previously serviced by USCIB. This agreement enables USCIB to focus on oversight of the Carnet system and mitigate Carnet Claims, as the sole National Guaranteeing Association appointed by the U.S. Treasury. For example, USCIB recently expanded their Carnet influence globally by having USCIB’s Sr. VP Cynthia Duncan serve as Chairperson of the World ATA Carnet Council (WATAC). WATAC serves all 75 member Carnet countries and is striving for greater data […]
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