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An important change written into CBSA Notice 20-28 went into effect as of January 4, 2021. Starting on this date only electronic house bills may be used for consolidated shipments, if not specifically exempted. This requirement directly impacts Freight Forwarders arranging shipments into Canadian ports. Freight forwarders are liable for the transmission of house bill data for all consolidated import, in-bond and in-transit shipments. Summary of CBSA eManifest Requirement Canada Border Services Agency (CBSA) requires Advance Commercial Information prior to entry into Canada. This is similar to the U.S. CBP’s Automated Manifest System (AMS) requirements. The data is received and validated […]
Overview The transportation, trade and logistics sector, like any other industry vertical, has been hit by ransomware, social engineering and other cyber threats. These threats upend operations and increase the total cost of risk for companies. In fact, transportation ranks among the top five industry sectors vulnerable to ransomware. There are several reasons why the transportation and logistics sector is so cyber-exposed, including its dependency upon third-party networks; the speed with which logistics transactions are conducted; the number of stakeholders involved in sharing information; and the potential access to confidential and sensitive financial, employment and intellectual property records. Without […]
Brexit and the ATA Carnet Brexit, the departure of the United Kingdom (UK) from the European Union (EU), has been in the news for years now, and finally in the new year, it has come to pass. For concerned logistics service providers and shippers, this change will not have a significant impact on US ATA Carnet users who export to both the UK and the EU. US ATA Carnet users who send goods on ATA Carnet to multiple countries are accustomed to the need for white counterfoils for every country entrance and exit. That will be the basic process now […]
ONE Apus via Twitter On November 30th, the cargo ship, ONE Apus, sailing from Yantian, China to Long Beach, CA, encountered severe weather. Swells exceeding 20 feet struck the vessel. An estimated 1816 containers were lost overboard, and containers remaining onboard received significant damage. Current estimates are that over $200 million worth of cargo was lost or damaged. The ship is now berthed in the port of Kobe, Japan, where operations are underway to remove containers. One of the most pressing unknowns around this accident is whether or not the vessel owners will declare a General Average (GA). A General […]
Warmest greetings and best wishes for happiness in the new year from all of us at Roanoke! This year’s corporate donations have been made to American Logistics Aid Network and Americares.
The insurance industry is highly cyclical. A soft market cycle is defined by lower insurance premiums, broader appetite and coverage, increased capacity (the availability of high limits), and greater underwriting flexibility. Alternatively, a hard market is characterized by higher insurance premiums, diminished capacity, more conservative underwriting, and fewer carriers writing certain coverage lines and specific industries. For the last few years, the insurance industry has been experiencing a hardening of the market. Today we are well into a hard market across most insurance lines effecting the majority of industries. Insurance experts predict that the hard market will continue into 2021, […]
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