TRG Classify™ is an online classification tool that allows you, the importer of record, to classify your good and attain the 6 and 10 digit tariff codes in a few quick and easy steps. To do this, TRG Classify consolidates your general product description by applying the tariff schedule’s “General Rules of Interpretation” to intuitively provide the user with the exact tariff number needed to calculate correct duties.
Bozeman, MT December 21, 2010
Law requires US importers to declare all products they import by means of the Harmonized Tariff Schedule (HTS) code. The process of identifying the HTS code assigned to a good is referred to as HTS classification. U.S. importers face many key challenges regarding the classification of their imported commodities. TRG Classify™ offers U.S. importers a web based in house solution that is both accurate, affordable, and time efficient. http://www.trgclassify.com
TRG Classify presents a resolution to the following classification problems importers deal with on a day-to-day basis:
□ Overpayment of Customs duty due to inaccurate classification
□ The importer of record’s legal liabilities associated with any misclassification of products even if the HTS Classification is done by a third party
□ Inability to identify business opportunities with countries offering preferential tariff arrangements
□ Shipments delayed at Customs because of improper or untimely product information
□ A need to meet government requirements to participate actively and use diligence in preparing Customs declarations
Designed specifically for the end user, TRG Classify™ takes any product description no matter how it is expressed and delivers the corresponding HTS code and duty rate. TRG is offering this service for a $2 per classification fee and no start up cost! It is available as a stand alone application or as an addition to the company’s Customs entry and ISF self-filing tool, TRG Direct™. http://www.trgclassify.com
About Trade Risk Guaranty (TRG)
Trade Risk Guaranty (TRG) is an import solutions provider. The company provides innovative products and services to companies involved in international trade. Since 1991, TRG has been the leader in providing U.S. Customs bonds direct to importers. The company has also developed a direct filing system, TRG Direct™, for importers to bring entry and Importer Security Filing clearance in-house. TRG also operates a cargo insurance division, TRG Marine™. TRG Marine™ constructs specialty all-risk insurance policies designed specifically for companies operating in a global environment.
Contact:
Jena Leary
TRG
Marketing Director
jleary@trgdirect.com
406-922-6553
Tuesday, December 21, 2010
Wednesday, November 17, 2010
TRG Is Hiring Lead Developer Positions
Lead Developer: We will be hiring for this position in phases. The first two openings must be filled by January 10th. The next hiring phase will not be until May. Don’t miss this opportunity!
Position Description: A lead developer works to generate new leads for the sales team. Making 11 – 12 B2B calls per hour, a great lead developer is comfortable on the phone, highly organized and results driven. TRG’s Marketing Department is looking for two part-time lead developers to build the company database and ensure growth within the sales department for the coming years. Your day-to-day responsibilities will be to contact companies from a list of U.S. Importers, find the person in charge of the company’s U.S. Customs bond, and introduce TRG.
Requirements: TRG is accepting applications from competitive, motivated, self-starters who are able to communicate effectively over the phone. This is not a sales position but requires a high level of understanding of our products, which will be covered in training. The faster you learn the position, the faster your paycheck grows.
Compensation: The best part about this job is that it is offered with a base pay plus incentives. The harder and faster you work, the more money you will make. We want motivated people to join our team. Work for a company that rewards you for being forward thinking and incorporating your great ideas into your daily processes.
The base pay is $8/hour. Additional compensation is paid out monthly and dependent on your individual results.
Please send resumes and cover letters electronically to jleary@traderiskguaranty.com, or via mail to:
Jena Leary
TRG
140 East Main Street, Suite G
Bozeman, MT 59718
Position Description: A lead developer works to generate new leads for the sales team. Making 11 – 12 B2B calls per hour, a great lead developer is comfortable on the phone, highly organized and results driven. TRG’s Marketing Department is looking for two part-time lead developers to build the company database and ensure growth within the sales department for the coming years. Your day-to-day responsibilities will be to contact companies from a list of U.S. Importers, find the person in charge of the company’s U.S. Customs bond, and introduce TRG.
Requirements: TRG is accepting applications from competitive, motivated, self-starters who are able to communicate effectively over the phone. This is not a sales position but requires a high level of understanding of our products, which will be covered in training. The faster you learn the position, the faster your paycheck grows.
Compensation: The best part about this job is that it is offered with a base pay plus incentives. The harder and faster you work, the more money you will make. We want motivated people to join our team. Work for a company that rewards you for being forward thinking and incorporating your great ideas into your daily processes.
The base pay is $8/hour. Additional compensation is paid out monthly and dependent on your individual results.
Please send resumes and cover letters electronically to jleary@traderiskguaranty.com, or via mail to:
Jena Leary
TRG
140 East Main Street, Suite G
Bozeman, MT 59718
Monday, November 15, 2010
Import Bond Questions of the Day
The following are questions that we received from a company interested in purchasing a $50,000US Import Bond with TRG. These are commonly asked questions we receive from companies that would like to learn more about TRG and the products we have to offer. Please feel free to add your own questions, we would love to hear from you.
Q: Do I understand correctly that if we decide to go with TRG Bond that we would pay only $750.00US for a 3 Year Import Bond and this would cover us for the next 3 years?
A: You are correct, if you do choose to go with TRG for the placement of your US Customs import bond the pricing will be $750 for 3 years which averages out to be $250 a year. There are no hidden fees. $750 would be all you would need to pay in order to renew your import bond for the next 3 years (2011-2013) with TRG.
Q: After the 3 year period, we would pay $395.00US per year to have our bond renewed yearly, correct? Or we could pay $895.00US for another 3 year period for our bond which would cover the years of 2014,2015, & 2016. Am I correct here, as well? I am being told by other companies to make sure that you really do mean that the price is a total of $750 for 3 years, which equals $250US per year, because they have heard from other clients that with Trade Risk Guaranty you pay $250 the first year, then $350 the second year, and then $750 for every year thereafter. I do not get this at all from what you have written to me and I hope this isn't true because it doesn't seem equitable and true at all by what is written.
A: If you were to choose to renew your bond with us for an additional 3 years the price would be $895, which equals $298.33 per year, and that would cover you for the next 3 years (2014-2016). The only difference between our promotional pricing for new customers and our standard pricing is the underwriting fee. We waive the underwriting fee for our new customers.
I am unsure as to where the companies you have spoken with have come to the conclusion that you pay $250 for the 1st year than $350 for the following year and so on. Let me assure you that our pricing does not work that way. If you choose to go with a 3 year bond you will ONLY pay the $750 and you will be covered for 3 years. Same goes for the 1 and 2 year bond. If you choose to go with only a one year bond the price would be $300, and if you chose to go with a 2 year bond the price would be $525 (or $262.50 per year).
Q: My company has a Co-Principal, is there an additional cost for that, if so, how much?
A: We do charge a one time fee for adding a Co-Principal to a bond. For example, if you were to choose the 3 year bond we would add $50 to the $750 which would equal $800; or if you were to choose to go with the 2 year bond we would add $50 to the $525 and the total for the 2 year bond with a co-principal would be $575.
Q: If everything worked out and we were able to get our bond through TRG, I need to be able to assure that this is going to work out well for us. What we don't want to happen is for TRG to say something along the lines of "Oh, that is something your broker takes care of." and then we proceed to speak with our broker and they say "Well, because you have your bond with another company we don't deal with that situation." This would have to work very smoothly. We would need to be able to get whatever they might need at anytime and right away. Do you think your company would be able to care for us taking all the above into consideration? Are you willing to address the above concerns?
A: The process of purchasing your bond directly through the surety is the same process your FF goes through to secure a bond for you. They contact a company just like us, purchase the bond for you and sell it back to you. Your FF does nothing different in securing the bond for you other than being the 3rd party involved. When you purchase the bond directly you can use any broker/FF to clear your entries for you. The process of entry clearance will remain the same and handled through your current FF. TRG is not a Customs broker, we simply become your direct contact to the surety. Once you have the new bond information from us, you simply supply that information to your broker/FF. We do ask, that if you should choose TRG, to not notify your broker until we have processed the bond. This will make sure that your FF does not place a termination notice prior to us placing the new bond, causing a lapse in coverage. We take care of terminating your current bond and at the same time we replace it with the new bond.
You can contact our bond department at anytime with any questions regarding your bond. We’re here to help. With TRG, you also have free access to our system called Eagle Eye. With Eagle Eye you can look up your bond information, query all entry information for those that were entered on your bond as well as supplemental duty bills and liquidated damages reports. We pride ourselves on our customer service and ability to provide you with the information you need.
Q: Do I understand correctly that if we decide to go with TRG Bond that we would pay only $750.00US for a 3 Year Import Bond and this would cover us for the next 3 years?
A: You are correct, if you do choose to go with TRG for the placement of your US Customs import bond the pricing will be $750 for 3 years which averages out to be $250 a year. There are no hidden fees. $750 would be all you would need to pay in order to renew your import bond for the next 3 years (2011-2013) with TRG.
Q: After the 3 year period, we would pay $395.00US per year to have our bond renewed yearly, correct? Or we could pay $895.00US for another 3 year period for our bond which would cover the years of 2014,2015, & 2016. Am I correct here, as well? I am being told by other companies to make sure that you really do mean that the price is a total of $750 for 3 years, which equals $250US per year, because they have heard from other clients that with Trade Risk Guaranty you pay $250 the first year, then $350 the second year, and then $750 for every year thereafter. I do not get this at all from what you have written to me and I hope this isn't true because it doesn't seem equitable and true at all by what is written.
A: If you were to choose to renew your bond with us for an additional 3 years the price would be $895, which equals $298.33 per year, and that would cover you for the next 3 years (2014-2016). The only difference between our promotional pricing for new customers and our standard pricing is the underwriting fee. We waive the underwriting fee for our new customers.
I am unsure as to where the companies you have spoken with have come to the conclusion that you pay $250 for the 1st year than $350 for the following year and so on. Let me assure you that our pricing does not work that way. If you choose to go with a 3 year bond you will ONLY pay the $750 and you will be covered for 3 years. Same goes for the 1 and 2 year bond. If you choose to go with only a one year bond the price would be $300, and if you chose to go with a 2 year bond the price would be $525 (or $262.50 per year).
Q: My company has a Co-Principal, is there an additional cost for that, if so, how much?
A: We do charge a one time fee for adding a Co-Principal to a bond. For example, if you were to choose the 3 year bond we would add $50 to the $750 which would equal $800; or if you were to choose to go with the 2 year bond we would add $50 to the $525 and the total for the 2 year bond with a co-principal would be $575.
Q: If everything worked out and we were able to get our bond through TRG, I need to be able to assure that this is going to work out well for us. What we don't want to happen is for TRG to say something along the lines of "Oh, that is something your broker takes care of." and then we proceed to speak with our broker and they say "Well, because you have your bond with another company we don't deal with that situation." This would have to work very smoothly. We would need to be able to get whatever they might need at anytime and right away. Do you think your company would be able to care for us taking all the above into consideration? Are you willing to address the above concerns?
A: The process of purchasing your bond directly through the surety is the same process your FF goes through to secure a bond for you. They contact a company just like us, purchase the bond for you and sell it back to you. Your FF does nothing different in securing the bond for you other than being the 3rd party involved. When you purchase the bond directly you can use any broker/FF to clear your entries for you. The process of entry clearance will remain the same and handled through your current FF. TRG is not a Customs broker, we simply become your direct contact to the surety. Once you have the new bond information from us, you simply supply that information to your broker/FF. We do ask, that if you should choose TRG, to not notify your broker until we have processed the bond. This will make sure that your FF does not place a termination notice prior to us placing the new bond, causing a lapse in coverage. We take care of terminating your current bond and at the same time we replace it with the new bond.
You can contact our bond department at anytime with any questions regarding your bond. We’re here to help. With TRG, you also have free access to our system called Eagle Eye. With Eagle Eye you can look up your bond information, query all entry information for those that were entered on your bond as well as supplemental duty bills and liquidated damages reports. We pride ourselves on our customer service and ability to provide you with the information you need.
Friday, November 12, 2010
Trade Risk Guaranty (TRG) Attends 2010 MSU Homecoming Events
On the evening of Friday, October 8, and the early morning of Saturday, October 9, Trade Risk Guaranty (TRG) showed up to support the Montana State University Bobcats during their Homecoming festivities. TRG participated in the Homecoming events by distributing Bobcat-themed koozies, blue and gold balloons, and TRG mugs.
Bozeman, MT (PRWEB) 1 November 2010 - Many of TRG’s current employees proudly graduated from Montana State University, located in Bozeman. When given the opportunity, the TRG staff enjoys getting out and supporting their local team. At this year’s MSU Homecoming Parade and Pep-Rally, TRG supported the Bobcats while promoting TRG by handing out Bobcat-themed TRG materials.”
TRG focused on searching for talented individuals to join their sales team at the Homecoming events. TRG is a growing company and is in need of motivated sales members that are interested in becoming part of the TRG team. TRG likes to recruit new employees from MSU because TRG is aware of the outstanding education MSU graduates have received while attending Montana State University.
Kathryn Shaw, TRG’s Marketing Analyst, eagerly joined the TRG team after graduating from MSU last spring. “I was incredibly fortunate to find such a great career with TRG after graduation,” Shaw states. “It not only allows me to use my degree in marketing but also allows me to continue to live and work in Bozeman.”
TRG is currently in search of individuals to fill the positions of full time sales support representatives along with full time sales executives. As the leader in direct marketing of do-it-yourself trade facilitation products, TRG is thriving and continues to look for competitive, motivated employees to participate in the success of this niche market. If you are looking for a career in a vigorous and fast-paced industry, employment with TRG is what you are looking for.
To learn more about employment with TRG please visit: http://traderiskguaranty.com/Employment.aspx
About TRG:
Now located at 140 East Main Street, Suite G, Bozeman, MT, TRG is an international surety agency providing Customs bonds, marine cargo insurance, and other trade-related products direct to companies that import into the United States.
Trade Risk Guaranty (TRG) Brokerage Services LLC is a licensed insurance agency, having agency agreements with Hanover Insurance Company of Worcester, Massachusetts, and Great American Insurance Company of Cincinnati, Ohio, both of which are insurance companies approved by the Department of the U.S. Treasury to issue U.S. Customs bonds.
TRG Marine insurance policies are written by our sister agency, Corporation for International Business – dba Boomerang Freight Solutions Insurance Agency in the state of CA, dba Corporation for International Business, Inc. in the states of CT/MA/MO/NM, and dba CIB Insurance Agency, Inc. in the states of FL/MD/NH.
Bozeman, MT (PRWEB) 1 November 2010 - Many of TRG’s current employees proudly graduated from Montana State University, located in Bozeman. When given the opportunity, the TRG staff enjoys getting out and supporting their local team. At this year’s MSU Homecoming Parade and Pep-Rally, TRG supported the Bobcats while promoting TRG by handing out Bobcat-themed TRG materials.”
TRG focused on searching for talented individuals to join their sales team at the Homecoming events. TRG is a growing company and is in need of motivated sales members that are interested in becoming part of the TRG team. TRG likes to recruit new employees from MSU because TRG is aware of the outstanding education MSU graduates have received while attending Montana State University.
Kathryn Shaw, TRG’s Marketing Analyst, eagerly joined the TRG team after graduating from MSU last spring. “I was incredibly fortunate to find such a great career with TRG after graduation,” Shaw states. “It not only allows me to use my degree in marketing but also allows me to continue to live and work in Bozeman.”
TRG is currently in search of individuals to fill the positions of full time sales support representatives along with full time sales executives. As the leader in direct marketing of do-it-yourself trade facilitation products, TRG is thriving and continues to look for competitive, motivated employees to participate in the success of this niche market. If you are looking for a career in a vigorous and fast-paced industry, employment with TRG is what you are looking for.
To learn more about employment with TRG please visit: http://traderiskguaranty.com/Employment.aspx
About TRG:
Now located at 140 East Main Street, Suite G, Bozeman, MT, TRG is an international surety agency providing Customs bonds, marine cargo insurance, and other trade-related products direct to companies that import into the United States.
Trade Risk Guaranty (TRG) Brokerage Services LLC is a licensed insurance agency, having agency agreements with Hanover Insurance Company of Worcester, Massachusetts, and Great American Insurance Company of Cincinnati, Ohio, both of which are insurance companies approved by the Department of the U.S. Treasury to issue U.S. Customs bonds.
TRG Marine insurance policies are written by our sister agency, Corporation for International Business – dba Boomerang Freight Solutions Insurance Agency in the state of CA, dba Corporation for International Business, Inc. in the states of CT/MA/MO/NM, and dba CIB Insurance Agency, Inc. in the states of FL/MD/NH.
Tuesday, October 19, 2010
Trade Risk Guaranty (TRG) Teams up with the Bozeman Chamber of Commerce to Find Talented Sales Reps
April 2009, Bozeman, Montana, became home to Trade Risk Guaranty (TRG), the leading direct supplier of International Trade products. Over one year later, the company is pushing forward with a local marketing campaign to increase the community’s awareness of TRG and to attract qualified sales representatives. The company expects their new membership with the Bozeman Chamber of Commerce to aid in greater community wide exposure.
Bozeman, MT 11 October 2010 – The Bozeman Chamber of Commerce offers local business owners networking opportunities and a place to become active participants in the Montana community. TRG, a local business new to Bozeman, has officially become a silver member of the chamber. http://www.bozemanchamber.com/membership/join.asp
Unique to Bozeman, TRG’s products do not cater to the needs of most local businesses and consumers. TRG offers trade facilitation products to U.S. importers via electronic communication. With the vast majority of the company’s market residing on the east and west coasts, the name TRG is rarely seen or heard in Bozeman. Functioning primarily as a sales and marketing office, the company is located in downtown Bozeman and is continually offering employment opportunities to the community. http://traderiskguaranty.com/Employment.aspx
Aside from the Chamber of Commerce, TRG is actively involved with student functions at Montana State University – Bozeman. TRG attends 1 – 2 career fairs at MSU each year and over 60% of TRG’s employees are graduates of MSU Bozeman. TRG recently sent Gregg Cummings, National Sales Manager, to campus, who spoke with students in a Professional Selling Business course about the skills needed to build a successful career in sales. TRG’s marketing department participated in a semester long business course allowing students to receive hands-on consulting experience.
Community members engaged with TRG employees as they distributed information about job opportunities at the MSU Pep Rally and Homecoming Parade this October. “We have spent a lot of time and money trying to find the best way to inform people about our excellent employment opportunities, but we continue to struggle to find candidates exhibiting the caliber of talent we expect from Bozeman,” Jena Leary, Marketing Director stated.
About TRG:
Now located at 140 East Main Street, Suite G, Bozeman, MT, TRG is an international surety agency providing Customs bonds, marine cargo insurance, and other trade-related products direct to companies that import into the United States.
Trade Risk Guaranty (TRG) Brokerage Services LLC is a licensed insurance agency, having agency agreements with Hanover Insurance Company of Worcester, Massachusetts, and Great American Insurance Company of Cincinnati, Ohio, both of which are insurance companies approved by the Department of the U.S. Treasury to issue U.S. Customs bonds.
TRG Marine insurance policies are written by our sister agency, Corporation for International Business – dba Boomerang Freight Solutions Insurance Agency in the state of CA, dba Corporation for International Business, Inc. in the states of CT/MA/MO/NM, and dba CIB Insurance Agency, Inc. in the states of FL/MD/NH.
Bozeman, MT 11 October 2010 – The Bozeman Chamber of Commerce offers local business owners networking opportunities and a place to become active participants in the Montana community. TRG, a local business new to Bozeman, has officially become a silver member of the chamber. http://www.bozemanchamber.com/membership/join.asp
Unique to Bozeman, TRG’s products do not cater to the needs of most local businesses and consumers. TRG offers trade facilitation products to U.S. importers via electronic communication. With the vast majority of the company’s market residing on the east and west coasts, the name TRG is rarely seen or heard in Bozeman. Functioning primarily as a sales and marketing office, the company is located in downtown Bozeman and is continually offering employment opportunities to the community. http://traderiskguaranty.com/Employment.aspx
Aside from the Chamber of Commerce, TRG is actively involved with student functions at Montana State University – Bozeman. TRG attends 1 – 2 career fairs at MSU each year and over 60% of TRG’s employees are graduates of MSU Bozeman. TRG recently sent Gregg Cummings, National Sales Manager, to campus, who spoke with students in a Professional Selling Business course about the skills needed to build a successful career in sales. TRG’s marketing department participated in a semester long business course allowing students to receive hands-on consulting experience.
Community members engaged with TRG employees as they distributed information about job opportunities at the MSU Pep Rally and Homecoming Parade this October. “We have spent a lot of time and money trying to find the best way to inform people about our excellent employment opportunities, but we continue to struggle to find candidates exhibiting the caliber of talent we expect from Bozeman,” Jena Leary, Marketing Director stated.
About TRG:
Now located at 140 East Main Street, Suite G, Bozeman, MT, TRG is an international surety agency providing Customs bonds, marine cargo insurance, and other trade-related products direct to companies that import into the United States.
Trade Risk Guaranty (TRG) Brokerage Services LLC is a licensed insurance agency, having agency agreements with Hanover Insurance Company of Worcester, Massachusetts, and Great American Insurance Company of Cincinnati, Ohio, both of which are insurance companies approved by the Department of the U.S. Treasury to issue U.S. Customs bonds.
TRG Marine insurance policies are written by our sister agency, Corporation for International Business – dba Boomerang Freight Solutions Insurance Agency in the state of CA, dba Corporation for International Business, Inc. in the states of CT/MA/MO/NM, and dba CIB Insurance Agency, Inc. in the states of FL/MD/NH.
Tuesday, October 12, 2010
Cargo Theft Reports l What’s Your Risk?
All supply chains are unique. In many cases, the complexity of a supply chain and its security parameters permit gaps and, in turn, increase the theft risk of your freight. Certain cargo, such as electronics, is more susceptible to loss by theft than others. These risk factors include theft by commodity, the path of the import or location and the type of theft. Cargo theft statistics are available for importers and exporters to analyze their risks and make adjustments to their supply chains. Modifications may include increased security to your distribution channels to aid in cargo loss prevention and/or building a shipping insurance policy designed to your specific risks to offset the cost of a loss.
Must Read Cargo Theft Statistics
Every month FreightWatch International releases a Cargo Theft Report to subscribers. The report includes diagrams breaking down reported theft incidents for that month.
In August 2010 FreightWatch reported, “FreightWatch recorded 58 cargo theft incidents in August; an 18% increase from the thefts recorded in July. The states with the highest number of thefts were California and Florida, while Georgia experienced a higher number of incidents compared to last month displacing Texas to fourth place on the list of cargo theft.”
Subscribe to FreightWatch International’s Theft Report by contacting
Dan Burges
dan.burges@freightwatchintl.com
512-532-0159
Dan Burges states that the FreightWatch data, "Comes from out own proprietary database. We gather cargo theft data through clients, industry organizations, law enforcement agencies, insurance companies and open source media. We believe our database to be one of the most comprehensive cargo theft databases covering cargo theft in the United States."
Unique supply chains deserve unique coverage! If you lack the broad insurance coverage you need, contact TRG Marine™ today to see how we can customize a cargo insurance policy specific to your commodities and distribution channel. Every supply chain is unique; your insurance policy should be so too. Our years of experience and market connections will find you the best coverage at the best price! www.TRGMarine.com
Jena Leary | TRG
Marketing Director
140 East Main Street, Suite G
Bozeman, MT 59715
jleary@trgdirect.com
Must Read Cargo Theft Statistics
Every month FreightWatch International releases a Cargo Theft Report to subscribers. The report includes diagrams breaking down reported theft incidents for that month.
In August 2010 FreightWatch reported, “FreightWatch recorded 58 cargo theft incidents in August; an 18% increase from the thefts recorded in July. The states with the highest number of thefts were California and Florida, while Georgia experienced a higher number of incidents compared to last month displacing Texas to fourth place on the list of cargo theft.”
Subscribe to FreightWatch International’s Theft Report by contacting
Dan Burges
dan.burges@freightwatchintl.com
512-532-0159
Dan Burges states that the FreightWatch data, "Comes from out own proprietary database. We gather cargo theft data through clients, industry organizations, law enforcement agencies, insurance companies and open source media. We believe our database to be one of the most comprehensive cargo theft databases covering cargo theft in the United States."
Unique supply chains deserve unique coverage! If you lack the broad insurance coverage you need, contact TRG Marine™ today to see how we can customize a cargo insurance policy specific to your commodities and distribution channel. Every supply chain is unique; your insurance policy should be so too. Our years of experience and market connections will find you the best coverage at the best price! www.TRGMarine.com
Jena Leary | TRG
Marketing Director
140 East Main Street, Suite G
Bozeman, MT 59715
jleary@trgdirect.com
Thursday, October 7, 2010
The TRG Trade Spotlight Expands Features and Brings Recognition to Customs Bond Holders
Trade Risk Guaranty (TRG) has improved the company’s International Trade Ezine known as the TRG Trade Spotlight. TRG added many new features to the layout in order to provide a more interactive experience for the readers.
Bozeman, MT, September 22, 2010 — The TRG Trade Spotlight is an electronic newsletter or Enzine, released by Trade Risk Guaranty (TRG). The publication provides content relative to the International Trade industry. The primary purpose for the TRG Trade Spotlight is to keep TRG’s customers up-to-date on old and new Customs regulations that may have an impact on their business practices.
The Customer Spotlight section is new to the monthly article. Highlighted here, is one of TRG’s unique customers. In order for TRG to feature the business, the customer must submit their interest to TRG and provide a short background on what makes their company stand out. The TRG Trade Spotlight will then provide a description of the business and a link to the company’s website. “We have over 6,500 customers, that’s a reader base. We want to help some of the SMEs in that mix to tell their story and with hope gain a few more customers from the recognition,” Jena Leary, TRG’s Marketing Director, states.
Of course, no Ezine would be complete without a one-of-a-kind crossword puzzle. The company is offering subscribers a fun and challenging crossword puzzle that features questions based on the import and export industry. Answers to the monthly puzzles are found on the company’s website. http://traderiskguaranty.com/crossword.aspx
Kathryn Shaw, Marketing Analyst for TRG acknowledged, “By adding the new features to the TRG Trade Spotlight, we anticipate our customers will become more engaged in each release and begin to relate more to TRG as a vendor. In addition, we hope our customers will find the new features entertaining. Let’s face it, finding the fun factor within the rules and regulations of International Trade can be tricky. Hopefully the crossword puzzle and Customer Spotlight will be enjoyed by our readers.” To view past TRG Trade Spotlight articles please visit http://traderiskguaranty.com/TRGSpotlightArchives.aspx.
About TRG:
TRG is an import solutions provider marketing its products directly to the importer. These products include U.S. Customs import bonds, shipping insurance (freight insurance) and direct filing of U.S. Customs entries and Importer Security Filing. Trade Risk Guaranty (TRG) Brokerage Services LLC is a licensed insurance agency, having agency agreements with Hanover Insurance Company of Worcester, Massachusetts, and Great American Insurance Company of Cincinnati, Ohio, both of which are insurance companies approved by the Department of the U.S. Treasury to issue U.S. Customs bonds.
Contact:
Kathryn Shaw
Trade Risk Guaranty (TRG)
406-922-6525
Bozeman, MT, September 22, 2010 — The TRG Trade Spotlight is an electronic newsletter or Enzine, released by Trade Risk Guaranty (TRG). The publication provides content relative to the International Trade industry. The primary purpose for the TRG Trade Spotlight is to keep TRG’s customers up-to-date on old and new Customs regulations that may have an impact on their business practices.
The Customer Spotlight section is new to the monthly article. Highlighted here, is one of TRG’s unique customers. In order for TRG to feature the business, the customer must submit their interest to TRG and provide a short background on what makes their company stand out. The TRG Trade Spotlight will then provide a description of the business and a link to the company’s website. “We have over 6,500 customers, that’s a reader base. We want to help some of the SMEs in that mix to tell their story and with hope gain a few more customers from the recognition,” Jena Leary, TRG’s Marketing Director, states.
Of course, no Ezine would be complete without a one-of-a-kind crossword puzzle. The company is offering subscribers a fun and challenging crossword puzzle that features questions based on the import and export industry. Answers to the monthly puzzles are found on the company’s website. http://traderiskguaranty.com/crossword.aspx
Kathryn Shaw, Marketing Analyst for TRG acknowledged, “By adding the new features to the TRG Trade Spotlight, we anticipate our customers will become more engaged in each release and begin to relate more to TRG as a vendor. In addition, we hope our customers will find the new features entertaining. Let’s face it, finding the fun factor within the rules and regulations of International Trade can be tricky. Hopefully the crossword puzzle and Customer Spotlight will be enjoyed by our readers.” To view past TRG Trade Spotlight articles please visit http://traderiskguaranty.com/TRGSpotlightArchives.aspx.
About TRG:
TRG is an import solutions provider marketing its products directly to the importer. These products include U.S. Customs import bonds, shipping insurance (freight insurance) and direct filing of U.S. Customs entries and Importer Security Filing. Trade Risk Guaranty (TRG) Brokerage Services LLC is a licensed insurance agency, having agency agreements with Hanover Insurance Company of Worcester, Massachusetts, and Great American Insurance Company of Cincinnati, Ohio, both of which are insurance companies approved by the Department of the U.S. Treasury to issue U.S. Customs bonds.
Contact:
Kathryn Shaw
Trade Risk Guaranty (TRG)
406-922-6525
Tuesday, September 21, 2010
Bozeman MT Company (TRG) Has Job Offerings l Learn about Employment with TRG
Sales Support: Trade Risk Guaranty (TRG) - Bozeman is currently seeking PT and FT Sales Support Representatives. In this position you will become a member of a sales team and assist 1-2 Senior Sales Executives in lead generation, sales cycle organization/prioritization and maintaining prospect relationships. The team based sales approach throws you into the fast-paced, dynamic environment while providing you with the hands-on training needed for advancement within the company. TRG is accepting applications from competitive, motivated, self-starters to assist in meeting and exceeding sales executive’s revenue goals.
PT: $10/hour
FT: $23,000 salary
Please send resumes to Jena Leary, jleary@traderiskguaranty.com
About TRG:
Offering insight into the world of International Trade, believe it or not, Trade Risk Guaranty (TRG) is located in the Gallatin Valley of Bozeman, Montana. The downtown location is a hop, skip and a jump away from Bridger Bowl, Moonlight Basin and Big Sky Ski Facilities. Fishing, hiking, camping and many other outdoor activities are available to you out your backdoor. Filled with an office of outdoor enthusiasts, a few perks to employment at TRG include; powder days on the slopes and summer fishing and hiking team trips.
As the leader in direct marketing of do-it-yourself trade facilitation products, TRG is thriving and continues to look for competitive, motivated employees to participate in the success of this niche market. If you are looking for a career in a vigorous and fast-paced industry, employment with TRG is what you are looking for. Go Global in Montana!
PT: $10/hour
FT: $23,000 salary
Please send resumes to Jena Leary, jleary@traderiskguaranty.com
About TRG:
Offering insight into the world of International Trade, believe it or not, Trade Risk Guaranty (TRG) is located in the Gallatin Valley of Bozeman, Montana. The downtown location is a hop, skip and a jump away from Bridger Bowl, Moonlight Basin and Big Sky Ski Facilities. Fishing, hiking, camping and many other outdoor activities are available to you out your backdoor. Filled with an office of outdoor enthusiasts, a few perks to employment at TRG include; powder days on the slopes and summer fishing and hiking team trips.
As the leader in direct marketing of do-it-yourself trade facilitation products, TRG is thriving and continues to look for competitive, motivated employees to participate in the success of this niche market. If you are looking for a career in a vigorous and fast-paced industry, employment with TRG is what you are looking for. Go Global in Montana!
Monday, September 20, 2010
TRG Hosts Bozeman Gold Toastmasters Club
Trade Risk Guaranty (TRG) has been hosting the Bozeman area Toastmasters at TRG’s downtown office for the past eight months. The Bozeman Gold Toastmasters Club meets every Friday at 12:00pm (MST).
Bozeman, MT, August 12, 2010 — TRG proudly hosts the Bozeman Gold Toastmasters Club every Friday at noon in their Bozeman office. Bozeman Gold Toastmasters Club helps give men and women the skills and confidence they need to speak effectively in front of large audiences. The Toastmasters Club has been operating internationally since 1924, and they currently have more than 200,000 members in 80 countries.
Each Friday at noon the Toastmasters club meets for an hour and gives everyone in the club a chance to stand up and speak. At every meeting, a few club members typically have the opportunity to stand up and present a topic of interest, and then the other members of the club provide them with constructive feedback. The club offers a calm, relaxed, and supportive environment for individuals to improve their public speaking skills. http://bozemangold.freetoasthost.ws/index.html
TRG’s Bozeman office houses the majority of the company’s sales and marketing members. TRG also operates out of Indiana, Chicago, Illinois, and Big Sky, MT. TRG’s president, John Michel, decided to offer TRG’s office to the Bozeman Toastmasters Club for their weekly meetings. Mr. Michel trusts that Toastmasters is a great learning tool for the company’s sales producers. By hosting Bozeman’s Toastmasters Club at the TRG office, many of TRG’s employees have since joined the club and are benefiting from their membership and participation.
“I would recommend Toastmasters to anyone that likes meeting new people, networking, and has a genuine interest in learning to speak more professionally,” TRG Senior Account Executive Darren Pettyjohn states. “My speaking skills have improved. I think about what I say before it comes out. It helps me slow down and speak more professionally, as nerves typically make you speak fast.” For additional information about employment with TRG please visit their website at: https://traderiskguaranty.com/Employment.aspx
About TRG:
TRG is an import solutions provider marketing its products directly to the importer. These products include U.S. Customs import bonds, shipping insurance (freight insurance) and direct filing of U.S. Customs entries and Importer Security Filing. Trade Risk Guaranty (TRG) Brokerage Services LLC is a licensed insurance agency, having agency agreements with Hanover Insurance Company of Worcester, Massachusetts, and Great American Insurance Company of Cincinnati, Ohio, both of which are insurance companies approved by the Department of the U.S. Treasury to issue U.S. Customs bonds.
Contact:
Kathryn Shaw
Trade Risk Guaranty (TRG)
406-922-6525
Bozeman, MT, August 12, 2010 — TRG proudly hosts the Bozeman Gold Toastmasters Club every Friday at noon in their Bozeman office. Bozeman Gold Toastmasters Club helps give men and women the skills and confidence they need to speak effectively in front of large audiences. The Toastmasters Club has been operating internationally since 1924, and they currently have more than 200,000 members in 80 countries.
Each Friday at noon the Toastmasters club meets for an hour and gives everyone in the club a chance to stand up and speak. At every meeting, a few club members typically have the opportunity to stand up and present a topic of interest, and then the other members of the club provide them with constructive feedback. The club offers a calm, relaxed, and supportive environment for individuals to improve their public speaking skills. http://bozemangold.freetoasthost.ws/index.html
TRG’s Bozeman office houses the majority of the company’s sales and marketing members. TRG also operates out of Indiana, Chicago, Illinois, and Big Sky, MT. TRG’s president, John Michel, decided to offer TRG’s office to the Bozeman Toastmasters Club for their weekly meetings. Mr. Michel trusts that Toastmasters is a great learning tool for the company’s sales producers. By hosting Bozeman’s Toastmasters Club at the TRG office, many of TRG’s employees have since joined the club and are benefiting from their membership and participation.
“I would recommend Toastmasters to anyone that likes meeting new people, networking, and has a genuine interest in learning to speak more professionally,” TRG Senior Account Executive Darren Pettyjohn states. “My speaking skills have improved. I think about what I say before it comes out. It helps me slow down and speak more professionally, as nerves typically make you speak fast.” For additional information about employment with TRG please visit their website at: https://traderiskguaranty.com/Employment.aspx
About TRG:
TRG is an import solutions provider marketing its products directly to the importer. These products include U.S. Customs import bonds, shipping insurance (freight insurance) and direct filing of U.S. Customs entries and Importer Security Filing. Trade Risk Guaranty (TRG) Brokerage Services LLC is a licensed insurance agency, having agency agreements with Hanover Insurance Company of Worcester, Massachusetts, and Great American Insurance Company of Cincinnati, Ohio, both of which are insurance companies approved by the Department of the U.S. Treasury to issue U.S. Customs bonds.
Contact:
Kathryn Shaw
Trade Risk Guaranty (TRG)
406-922-6525
Monday, August 30, 2010
Looking for a great paying sales career in Bozeman Montana?
Live the Montana Dream with the TRG Team!
Offering insight into the world of International Trade, believe it or not, Trade Risk Guaranty (TRG) is located in the Gallatin Valley of Bozeman, Montana. The downtown location is a hop, skip and a jump away from Bridger Bowl, Moonlight Basin and Big Sky Ski Facilities. Fishing, hiking, camping and many other outdoor activities are available to you out your backdoor. Filled with an office of outdoor enthusiasts, a few perks to employment at TRG include; powder days on the slopes and summer fishing and hiking team trips.
As the leader in direct marketing of do-it-yourself trade facilitation products, TRG is thriving and continues to look for competitive, motivated employees to participate in the success of this niche market. If you are looking for a career in a vigorous and fast-paced industry, employment with TRG is what you are looking for. Go Global in Montana!
We are currently accepting applications for the following Ongoing Openings:
Full-Time Sales Executives: Are you looking for a job in Montana that pays based on performance and provides you with few added perks along the way?
Position Description: TRG is looking to employ full-time sales executives with the highest caliber of talent. A TRG sales executive is hired to market, via all approved and encouraged marketing strategies, to the best of their ability, the products available through TRG, and to continuously learn and become more knowledgeable about the products of TRG, and to provide our prospects and customers the highest level of service by being courteous, respectful, efficient and helpful.
Requirements: 2+ years of sales experience
Expected compensation: This is a full commission telemarketing position. A successful employee in this position should expect to earn $30,-40,000 in compensation in the first year and those with superior performance should expect to earn in the $45-60,000+ range. With any commission based sales position, the reward is based on the commitment. Quarterly sales incentives are designed to reward the top performing sales producers.
Benefits:
Paid Vacation
Personal Leave Time
Casual Dress
401K Retirement Plan
Quarterly Sales Incentives
Paid Company Holidays
Medical Insurance
Dental Insurance
A Big City Career without the Big City
Please send resumes and cover letters electronically to jleary@traderiskguaranty.com, or via mail to:
Jena Leary
TRG
140 East Main Street, Suite G
Bozeman, MT 59715
Visit http://www.bozemanchamber.com for information on Bozeman Montana.
Offering insight into the world of International Trade, believe it or not, Trade Risk Guaranty (TRG) is located in the Gallatin Valley of Bozeman, Montana. The downtown location is a hop, skip and a jump away from Bridger Bowl, Moonlight Basin and Big Sky Ski Facilities. Fishing, hiking, camping and many other outdoor activities are available to you out your backdoor. Filled with an office of outdoor enthusiasts, a few perks to employment at TRG include; powder days on the slopes and summer fishing and hiking team trips.
As the leader in direct marketing of do-it-yourself trade facilitation products, TRG is thriving and continues to look for competitive, motivated employees to participate in the success of this niche market. If you are looking for a career in a vigorous and fast-paced industry, employment with TRG is what you are looking for. Go Global in Montana!
We are currently accepting applications for the following Ongoing Openings:
Full-Time Sales Executives: Are you looking for a job in Montana that pays based on performance and provides you with few added perks along the way?
Position Description: TRG is looking to employ full-time sales executives with the highest caliber of talent. A TRG sales executive is hired to market, via all approved and encouraged marketing strategies, to the best of their ability, the products available through TRG, and to continuously learn and become more knowledgeable about the products of TRG, and to provide our prospects and customers the highest level of service by being courteous, respectful, efficient and helpful.
Requirements: 2+ years of sales experience
Expected compensation: This is a full commission telemarketing position. A successful employee in this position should expect to earn $30,-40,000 in compensation in the first year and those with superior performance should expect to earn in the $45-60,000+ range. With any commission based sales position, the reward is based on the commitment. Quarterly sales incentives are designed to reward the top performing sales producers.
Benefits:
Paid Vacation
Personal Leave Time
Casual Dress
401K Retirement Plan
Quarterly Sales Incentives
Paid Company Holidays
Medical Insurance
Dental Insurance
A Big City Career without the Big City
Please send resumes and cover letters electronically to jleary@traderiskguaranty.com, or via mail to:
Jena Leary
TRG
140 East Main Street, Suite G
Bozeman, MT 59715
Visit http://www.bozemanchamber.com for information on Bozeman Montana.
Monday, July 19, 2010
Thank you for registering to access Eagle Eye Reporting!
Trade Risk Guaranty has invested in software that connects with U.S. Customs’ database allowing us to download proprietal and highly secured information. Access to Entry information is available only to TRG bond holders. Importers may access information only for their company’s bond with prior registration authorization. Eagle Eye Reporting provides information about:
Importer Bond Status (which will be covered at the end of this presentation)
Entry Status Report
Supplemental Duty Bills
Liquidated Damages Penalties
Let’s get started!
Log-in to Eagle Eye. (on Home Page, look at the top right corner for LogIn)
ENTRY STATUS REPORT:
Reflects the status of entries under each import bond. Allows you to see each entry number, entry date & status, import value, estimated duty, liquidation date & amount per bond per importer.
Entry Number – any entry filed under your TRG bond
Importer Number – Importer of Record number (IOR), tax ID or employer identification number (EIN). If an importer has affiliated companies, such as a DBA business with a different IOR, each number must be entered to Eagle Eye reporting separately.
Date Range – this is optional. If no dates are inserted, the report will give results for the life of the TRG bond.
Report Options:
* Liquidated * Unliquidated * Suspended * All Entries
TRG Entry Status report will include entry information such as:
Entry Date
Import Value
Estimated and Liquidated Duty
Liquidation Date
Entry Detail Summary is accessed by clicking on the red Entry Number.
Export TRG reports. Eagle Eye reports can be downloaded into Excel or Adobe pdf formats.
Eagle Eye VALUE: Importers can obtain a list of entries to review duty, taxes and fees. Unliquidated entries are an outstanding financial obligation to be anticipated. Suspended entries, those put ‘on hold’ until rulings are determined for final duty amounts, should be scrutinized. Suspended entries may require future additional collection of duty upon liquidation and can take years to liquidate.
Helpful links:
http://www.cbp.gov/xp/cgov/toolbox/ports/
Each port has a link to view the list of broker contacts in that area.
http://www.cbp.gov/xp/cgov/trade/priority_trade/add_cvd/adcvd_pti.xml
SUPPLEMENTAL DUTY BILLS
Includes information on additional duty bills issued for anti-dumping or countervailing duty, change in classification (HTS), or miscellaneous fees or debit vouchers. Timely response is required to avoid national sanction.
Bills may be issued for:
Anti-dumping or countervailing duty owed upon liquidated of entry
Classification or Harmonized Tariff Schedule (HTS) calculation differences
Miscellaneous – various fees, debit vouchers, etc.
Eagle Eye VALUE: It is recommended that each bill is reviewed for accuracy. If an Importer or their broker feels there is reasonable argument against the additional duties demanded, a formal Protest (CF-19) must be filed within 180 days. Customs’ decision on protests may take months or years to be processed.
Pink invoices are sent via mail by Customs to importers every 30 days until the bill has been paid. It is recommended that bills are paid in full within the first month of receipt to avoid interest accrual. If protested and approved, the payment is refunded including interest to the Importer.
Helpful link:
http://www.cbp.gov/xp/cgov/trade/priority_trade/revenue/bill_payments_sanctions/
LIQUIDATED DAMAGES PENALTIES
Liquidated Damages Penalty Notices are issued by Customs’ port office of Fines, Penalties and Forfeitures. They can carry extremely high fines! These are time-sensitive and require resolution of noncompliance along with petition or payment, or both. Failure to comply will result in bond termination and may affect an Importer’s compliance rating. Moreover, violations can alert Customs to initiate heavy scrutiny of all entries.
A penalty notice may be issued for any Code of Federal Regulation or United States code violation.
Common violations include:
Failure or untimely payment of duty or entry paperwork
Failure or untimely electronic filing of ISF
Non-compliance with FDA refusal of goods or redelivery requirements
Non-compliance with carrier bonded merchandise in transit requirements
Eagle Eye VALUE: Timely and complete resolution of entry violations is more than handling an incident; it is a reflection of your overall business practices. Investigation of the source of a violation results in an opportunity to make improvements in supply chain management and increased efficiency. Successfully petitioned penalties have resulted in either complete cancellation of the penalties or by reducing fines up to 97%.
Helpful links:
http://www.cbp.gov/xp/cgov/trade/priority_trade/penalties/
http://www.cbp.gov/xp/cgov/trade/cargo_security/carriers/security_filing/
EAGLE EYE CLAIMS
As surety agent for our clients’ import bonds, Trade Risk Guaranty is routinely notified via Eagle Eye downloads about Supplemental Duty Bills and Liquidated Damages Penalty Notices issued by Customs against our clients’ bonds.
As part of our service to you, our Claims Department emails notification and an Eagle Eye Report of Supplemental Duty Bills or Liquidated Damages to importers so the obligation may be addressed in a timely manner. Our courtesy reports are a back-up to Customs’ notices and reassurance that TRG is ready to help with resources and information to resolve matters.
Our Claims Analyst reviews each report and is available to assist importers and their agents, broker, freight forwarder or attorney, by facilitating prompt and thorough resolution with U.S. Customs.
Our goal is to provide each of our customers with a resource dedicated to helping to ensure smooth sailing in the world of importation!
Please visit the link below to view a recording of our Eagle Eye Webinar
http://www.4shared.com/video/zp5JXcVN/2010-06-29_1202_Eagle_Eye_Impo.html
Trade Risk Guaranty has invested in software that connects with U.S. Customs’ database allowing us to download proprietal and highly secured information. Access to Entry information is available only to TRG bond holders. Importers may access information only for their company’s bond with prior registration authorization. Eagle Eye Reporting provides information about:
Importer Bond Status (which will be covered at the end of this presentation)
Entry Status Report
Supplemental Duty Bills
Liquidated Damages Penalties
Let’s get started!
Log-in to Eagle Eye. (on Home Page, look at the top right corner for LogIn)
ENTRY STATUS REPORT:
Reflects the status of entries under each import bond. Allows you to see each entry number, entry date & status, import value, estimated duty, liquidation date & amount per bond per importer.
Entry Number – any entry filed under your TRG bond
Importer Number – Importer of Record number (IOR), tax ID or employer identification number (EIN). If an importer has affiliated companies, such as a DBA business with a different IOR, each number must be entered to Eagle Eye reporting separately.
Date Range – this is optional. If no dates are inserted, the report will give results for the life of the TRG bond.
Report Options:
* Liquidated * Unliquidated * Suspended * All Entries
TRG Entry Status report will include entry information such as:
Entry Date
Import Value
Estimated and Liquidated Duty
Liquidation Date
Entry Detail Summary is accessed by clicking on the red Entry Number.
Export TRG reports. Eagle Eye reports can be downloaded into Excel or Adobe pdf formats.
Eagle Eye VALUE: Importers can obtain a list of entries to review duty, taxes and fees. Unliquidated entries are an outstanding financial obligation to be anticipated. Suspended entries, those put ‘on hold’ until rulings are determined for final duty amounts, should be scrutinized. Suspended entries may require future additional collection of duty upon liquidation and can take years to liquidate.
Helpful links:
http://www.cbp.gov/xp/cgov/toolbox/ports/
Each port has a link to view the list of broker contacts in that area.
http://www.cbp.gov/xp/cgov/trade/priority_trade/add_cvd/adcvd_pti.xml
SUPPLEMENTAL DUTY BILLS
Includes information on additional duty bills issued for anti-dumping or countervailing duty, change in classification (HTS), or miscellaneous fees or debit vouchers. Timely response is required to avoid national sanction.
Bills may be issued for:
Anti-dumping or countervailing duty owed upon liquidated of entry
Classification or Harmonized Tariff Schedule (HTS) calculation differences
Miscellaneous – various fees, debit vouchers, etc.
Eagle Eye VALUE: It is recommended that each bill is reviewed for accuracy. If an Importer or their broker feels there is reasonable argument against the additional duties demanded, a formal Protest (CF-19) must be filed within 180 days. Customs’ decision on protests may take months or years to be processed.
Pink invoices are sent via mail by Customs to importers every 30 days until the bill has been paid. It is recommended that bills are paid in full within the first month of receipt to avoid interest accrual. If protested and approved, the payment is refunded including interest to the Importer.
Helpful link:
http://www.cbp.gov/xp/cgov/trade/priority_trade/revenue/bill_payments_sanctions/
LIQUIDATED DAMAGES PENALTIES
Liquidated Damages Penalty Notices are issued by Customs’ port office of Fines, Penalties and Forfeitures. They can carry extremely high fines! These are time-sensitive and require resolution of noncompliance along with petition or payment, or both. Failure to comply will result in bond termination and may affect an Importer’s compliance rating. Moreover, violations can alert Customs to initiate heavy scrutiny of all entries.
A penalty notice may be issued for any Code of Federal Regulation or United States code violation.
Common violations include:
Failure or untimely payment of duty or entry paperwork
Failure or untimely electronic filing of ISF
Non-compliance with FDA refusal of goods or redelivery requirements
Non-compliance with carrier bonded merchandise in transit requirements
Eagle Eye VALUE: Timely and complete resolution of entry violations is more than handling an incident; it is a reflection of your overall business practices. Investigation of the source of a violation results in an opportunity to make improvements in supply chain management and increased efficiency. Successfully petitioned penalties have resulted in either complete cancellation of the penalties or by reducing fines up to 97%.
Helpful links:
http://www.cbp.gov/xp/cgov/trade/priority_trade/penalties/
http://www.cbp.gov/xp/cgov/trade/cargo_security/carriers/security_filing/
EAGLE EYE CLAIMS
As surety agent for our clients’ import bonds, Trade Risk Guaranty is routinely notified via Eagle Eye downloads about Supplemental Duty Bills and Liquidated Damages Penalty Notices issued by Customs against our clients’ bonds.
As part of our service to you, our Claims Department emails notification and an Eagle Eye Report of Supplemental Duty Bills or Liquidated Damages to importers so the obligation may be addressed in a timely manner. Our courtesy reports are a back-up to Customs’ notices and reassurance that TRG is ready to help with resources and information to resolve matters.
Our Claims Analyst reviews each report and is available to assist importers and their agents, broker, freight forwarder or attorney, by facilitating prompt and thorough resolution with U.S. Customs.
Our goal is to provide each of our customers with a resource dedicated to helping to ensure smooth sailing in the world of importation!
Please visit the link below to view a recording of our Eagle Eye Webinar
http://www.4shared.com/video/zp5JXcVN/2010-06-29_1202_Eagle_Eye_Impo.html
Tuesday, June 15, 2010
Monitor Your 10+2 ISF Penalties for Free with Eagle Eye - Free Webinar
TRG Bond™ is hosting a free webinar on “Eagle EyeSM: Resolve import related problems faster and easier”.
Register today: Tuesday, June 29th 1pm CT https://www2.gotomeeting.com/register/827215339
Eagle EyeSM is a free service made available by TRG Bond™ to all Customs bond clients. As a TRG Bond™ customer you now have access to fast, accurate, private and easily accessible information regarding your import entries; whenever and wherever you have an Internet connection. Eagle EyeSM allows you access to timely information about your entry without you having to track it down.
Not only does this tool, take information directly from U.S. Customs and streamline the data for your review, TRG Bond™ is here to help you understand the data. As our client we want you to maintain the highest level of Customs compliance you can. Many of our users indicate they have access to this vital information on Eagle EyeSM well before they are notified by their customs broker.
Kathryn Cody, TRG Bond’s™ in-house claims specialist will discuss:
- Eagle Eye Reporting Capabilities
o Supplemental duty bills
o Entry status reports
o Customs bond data
o 10+2 ISF & Import Entry penalties
- Using your data to answer these common questions
o Do I have any duties owed to Customs?
o Which broker filed this entry?
o How much customs bond coverage to I have?
o What entries are not yet liquidated?
o What port did my entry come into?
o What is the estimated duty I paid last year?
o What did I pay to clear Customs last year?
- How to activate your Eagle EyeSM account
- Non – Customers: How to apply for a Customs bond with TRG Bond™
About TRG Bond™
Since 1991 TRG Bond™ has been specializing in providing Customs bonds, direct filing, and cargo insurance direct to importers. Our bonds are underwritten by Hanover Insurance (A.M. Best Rated A). This is the identical bond you now carry and your customs broker/FF may continue to clear your entries. More than 6,000 companies, including K-Mart, Sears, Kawasaki and Bosch, save every year by using TRG Bond™.
Register today: Tuesday, June 29th 1pm CT https://www2.gotomeeting.com/register/827215339
Register today: Tuesday, June 29th 1pm CT https://www2.gotomeeting.com/register/827215339
Eagle EyeSM is a free service made available by TRG Bond™ to all Customs bond clients. As a TRG Bond™ customer you now have access to fast, accurate, private and easily accessible information regarding your import entries; whenever and wherever you have an Internet connection. Eagle EyeSM allows you access to timely information about your entry without you having to track it down.
Not only does this tool, take information directly from U.S. Customs and streamline the data for your review, TRG Bond™ is here to help you understand the data. As our client we want you to maintain the highest level of Customs compliance you can. Many of our users indicate they have access to this vital information on Eagle EyeSM well before they are notified by their customs broker.
Kathryn Cody, TRG Bond’s™ in-house claims specialist will discuss:
- Eagle Eye Reporting Capabilities
o Supplemental duty bills
o Entry status reports
o Customs bond data
o 10+2 ISF & Import Entry penalties
- Using your data to answer these common questions
o Do I have any duties owed to Customs?
o Which broker filed this entry?
o How much customs bond coverage to I have?
o What entries are not yet liquidated?
o What port did my entry come into?
o What is the estimated duty I paid last year?
o What did I pay to clear Customs last year?
- How to activate your Eagle EyeSM account
- Non – Customers: How to apply for a Customs bond with TRG Bond™
About TRG Bond™
Since 1991 TRG Bond™ has been specializing in providing Customs bonds, direct filing, and cargo insurance direct to importers. Our bonds are underwritten by Hanover Insurance (A.M. Best Rated A). This is the identical bond you now carry and your customs broker/FF may continue to clear your entries. More than 6,000 companies, including K-Mart, Sears, Kawasaki and Bosch, save every year by using TRG Bond™.
Register today: Tuesday, June 29th 1pm CT https://www2.gotomeeting.com/register/827215339
Tuesday, April 20, 2010
Monday, April 19, 2010
Tips for Importer Security Filing Success
As you know, Importer Security Filing (10+2 ISF) is a government mandate requiring importers to file additional data elements for all shipments entering the U.S. via ocean cargo.
Tips for your Importer Security Filing success!
As you continue to improve your ISF program to avoid the $5,000 penalties, please review these helpful tips. If you are using a broker/freight forwarder or you are filing direct, keep these in mind.
• Evaluate your ISF record: Have you requested your ISF progress report? Whoever is filing your ISF should provide you with a copy of this report that comes directly from U.S. Customs (CBP). If your ISF filer has not done so already, request this from him/her or contact me to see how you can request this directly from CBP. See an example ISF report here.
• Always File: You are better off filing late than not filing at all. Your policies and procedures should make sure that each ocean shipment has an ISF filed 24 hours prior to the departure of the vessel OR sooner. However, should an ISF be missed, your policies should ensure that an ISF is filed as soon as possible before the ship reaches the port of arrival.
• Keep Notes: Make sure that you and/or your filer maintain detailed records of everything done in order to file an accurate and timely ISF. Should mitigation need to take place for an ISF, CBP will want to see that you performed due diligence to file correctly and on-time.
• Ask Questions: The more you understand the process, the smoother the filing will go. In most cases, you are doing the majority of the ISF filing and your filer is simply hitting the transmit button. It is up to you to be aware of problems that may occur. Review our FAQs here.
• Evaluate resources: Should you find that your ISF compliance is below par and your costs to import are increasing due to ISF penalties, look into the other options available. I’d be happy to discuss in detail with you the pros of direct filing and see where you will be able to decrease your costs while increasing your compliance.
Tips for your Importer Security Filing success!
As you continue to improve your ISF program to avoid the $5,000 penalties, please review these helpful tips. If you are using a broker/freight forwarder or you are filing direct, keep these in mind.
• Evaluate your ISF record: Have you requested your ISF progress report? Whoever is filing your ISF should provide you with a copy of this report that comes directly from U.S. Customs (CBP). If your ISF filer has not done so already, request this from him/her or contact me to see how you can request this directly from CBP. See an example ISF report here.
• Always File: You are better off filing late than not filing at all. Your policies and procedures should make sure that each ocean shipment has an ISF filed 24 hours prior to the departure of the vessel OR sooner. However, should an ISF be missed, your policies should ensure that an ISF is filed as soon as possible before the ship reaches the port of arrival.
• Keep Notes: Make sure that you and/or your filer maintain detailed records of everything done in order to file an accurate and timely ISF. Should mitigation need to take place for an ISF, CBP will want to see that you performed due diligence to file correctly and on-time.
• Ask Questions: The more you understand the process, the smoother the filing will go. In most cases, you are doing the majority of the ISF filing and your filer is simply hitting the transmit button. It is up to you to be aware of problems that may occur. Review our FAQs here.
• Evaluate resources: Should you find that your ISF compliance is below par and your costs to import are increasing due to ISF penalties, look into the other options available. I’d be happy to discuss in detail with you the pros of direct filing and see where you will be able to decrease your costs while increasing your compliance.
Thursday, April 15, 2010
Purchase a Continuous Bond for Importer Security Filing
January 26th 2010 marked the official implementation of Importer Security Filing. Beginning this day all importers filing an ISF on their ocean cargo must have appropriate new bonding in place.
If…
1) You have a shipment entering the U.S. via ocean goods in the next year, and
2) You import using single transaction Customs bonds
…now is the time for you to take a look into purchasing a continuous import bond.
Multiple Single Entry Bonds or 1 Continuous Bond?
In the past, it was more economical for low volume importers to purchase single entry bonds. However, U.S. Customs is now requiring that if a single transaction bond is used to clear the entry an additional single entry ISF bond to be place. This increases the costs of single entry transactions; however, TRG has the solution.
Since 1991, TRG has provided continuous Customs bonds direct to importers. The continuous import bond will cover every shipment over a one year period (both entry and ISF). Call us today to see how you can save.
Applying for Continuous bond is easy.
Send TRG a completed 1 page application and Power of Attorney form,
TRG will contact you with any changes needed on the application,
TRG will place the bond with U.S. Customs,
You will provide your broker (or whomever clears your entries) with the new bond number.
It’s really that simple to decrease your import costs! Don’t pay the high costs of single entry bonds. If you are interested in obtain a continuous bond, please contact TRG or apply online today!
If…
1) You have a shipment entering the U.S. via ocean goods in the next year, and
2) You import using single transaction Customs bonds
…now is the time for you to take a look into purchasing a continuous import bond.
Multiple Single Entry Bonds or 1 Continuous Bond?
In the past, it was more economical for low volume importers to purchase single entry bonds. However, U.S. Customs is now requiring that if a single transaction bond is used to clear the entry an additional single entry ISF bond to be place. This increases the costs of single entry transactions; however, TRG has the solution.
Since 1991, TRG has provided continuous Customs bonds direct to importers. The continuous import bond will cover every shipment over a one year period (both entry and ISF). Call us today to see how you can save.
Applying for Continuous bond is easy.
Send TRG a completed 1 page application and Power of Attorney form,
TRG will contact you with any changes needed on the application,
TRG will place the bond with U.S. Customs,
You will provide your broker (or whomever clears your entries) with the new bond number.
It’s really that simple to decrease your import costs! Don’t pay the high costs of single entry bonds. If you are interested in obtain a continuous bond, please contact TRG or apply online today!
Wednesday, April 14, 2010
Meet Trade Innovations l Supply Chain Security Consultants
Trade Innovations, a partner of TRG Direct, was launched as a practical alternative to traditional consulting and law firms. Since the company's founding in 2005, they have steadily built a portfolio of satisfied clients. Through carefully crafted strategic alliances they have the ability to provide world class service in the areas of customs and import compliance consulting, export compliance, training, C-TPAT programs, surety bonds, direct-filing of customs entries and Importer Security Filings (ISFs), marine insurance, and carnets.
To commemorate the company's 5 year anniversary Trade Innovations recently refreshed and updated their web site (www.tradeinnovations.com). In addition to their Blog, they added all of today's social media links so now you can follow Trade Innovations on Facebook, Twitter and LinkedIn. Make sure to visit them online and sign up for their monthly newsletter. It is full of insightful information.
To commemorate the company's 5 year anniversary Trade Innovations recently refreshed and updated their web site (www.tradeinnovations.com). In addition to their Blog, they added all of today's social media links so now you can follow Trade Innovations on Facebook, Twitter and LinkedIn. Make sure to visit them online and sign up for their monthly newsletter. It is full of insightful information.
Thursday, April 8, 2010
Do you have multiple manufactures or suppliers on an Importer Security Filing?
A common questions among, new ISF direct filers is, "what do I do if I have multiple manufacturers, ship to parties, etc on one ocean shipment?"
The initial thought from most importers is that they will need to file multiple ISFs. However, this is not the case. The direct filer will actually be able to file just one ISF and enter the multiple parties. TRG Direct makes this very simple.
If you are using the ISF Excel template and uploading the document to TRG Direct, you will simply insert as many extra rows in the template as needed. If you are entering the information manually into the system you will simply choose add another party and a new field will appear.
Fill out the ISF and file as you normally do and you are all taken care of!
The initial thought from most importers is that they will need to file multiple ISFs. However, this is not the case. The direct filer will actually be able to file just one ISF and enter the multiple parties. TRG Direct makes this very simple.
If you are using the ISF Excel template and uploading the document to TRG Direct, you will simply insert as many extra rows in the template as needed. If you are entering the information manually into the system you will simply choose add another party and a new field will appear.
Fill out the ISF and file as you normally do and you are all taken care of!
Wednesday, April 7, 2010
Import & Export Recordkeeping Best Practices
Import/Export Recordkeeping Best Practices by Mike Laden
TRG attended another successful event hosted by the International Compliance Professionals Association (ICPA) this past March. With educational sessions ranging from the Pros and Cons of Direct-filing to Understanding Incoterms, attendees were buzzing about the depth of knowledge presented at this conference. Mike Laden of TRG Direct presented Import/Export Recordkeeping Best Practices.
Recordkeeping Best Practices
Electronic – Keeping your records in an electronic format will allow you to expedite the document retrieval process as well as implement the following best practices. This will also allow your information to be stored in a “on-demand” centralized location. Electronic storage will need to be approved by Customs & Border Protection (CBP). *Your policies and procedures should require you to keep the originals for 120 days and all electronic records a minimum of 5 years!*
Policies & Procedures Comprehensively Documented – CBP expects to see that you have policies in place prior to an audit. The policy must ensure the preservation of integrity, readability, and security of the information contained in the original records. Include in your procedures a standardized retrieval process for your records.
Completely Crossed Referenced – If the document relates to information elsewhere, be sure to make that connection.
Exception Files – Your import/export records should be able to “tell a story”. Policies should require that any and everything be stored. If there was an email about it, store it. When in doubt, store it!
Audited Before Storage – Set up a procedure for internal auditing of your documents as they move to storage. Penalties may result for negligence and failure to maintain records. This could be $10,000 per violation and each missing document could be considered a violation!
Award Winning TRG
2009 Pros to Know
Mike Laden and Kelby Woodard of TRG Direct have been acknowledged as Supply & Demand Chain’s 2009 Pros to Know. Recipients of this award have personally helped clients address the challenges of the recession and prepare for the recovery ahead. Congratulations and well deserved!
ICPA Founders Awards
We can’t say we were surprised this March when Greg Hodge of TRG was awarded the 2009 ICPA Founders Award at the annual conference. A true advocate of the ICPA, Greg referred the most new members to the ICPA in 2009.
TRG attended another successful event hosted by the International Compliance Professionals Association (ICPA) this past March. With educational sessions ranging from the Pros and Cons of Direct-filing to Understanding Incoterms, attendees were buzzing about the depth of knowledge presented at this conference. Mike Laden of TRG Direct presented Import/Export Recordkeeping Best Practices.
Recordkeeping Best Practices
Electronic – Keeping your records in an electronic format will allow you to expedite the document retrieval process as well as implement the following best practices. This will also allow your information to be stored in a “on-demand” centralized location. Electronic storage will need to be approved by Customs & Border Protection (CBP). *Your policies and procedures should require you to keep the originals for 120 days and all electronic records a minimum of 5 years!*
Policies & Procedures Comprehensively Documented – CBP expects to see that you have policies in place prior to an audit. The policy must ensure the preservation of integrity, readability, and security of the information contained in the original records. Include in your procedures a standardized retrieval process for your records.
Completely Crossed Referenced – If the document relates to information elsewhere, be sure to make that connection.
Exception Files – Your import/export records should be able to “tell a story”. Policies should require that any and everything be stored. If there was an email about it, store it. When in doubt, store it!
Audited Before Storage – Set up a procedure for internal auditing of your documents as they move to storage. Penalties may result for negligence and failure to maintain records. This could be $10,000 per violation and each missing document could be considered a violation!
Award Winning TRG
2009 Pros to Know
Mike Laden and Kelby Woodard of TRG Direct have been acknowledged as Supply & Demand Chain’s 2009 Pros to Know. Recipients of this award have personally helped clients address the challenges of the recession and prepare for the recovery ahead. Congratulations and well deserved!
ICPA Founders Awards
We can’t say we were surprised this March when Greg Hodge of TRG was awarded the 2009 ICPA Founders Award at the annual conference. A true advocate of the ICPA, Greg referred the most new members to the ICPA in 2009.
Thursday, March 4, 2010
TRG Direct Introduces MyFileIdea a Social Networking Site for Direct-Filers
TRG Direct invites you to engage with one another in our new direct filing forum, MyFileIdea. Modeled after popular social networking sites such as LinkedIn, Twitter and Facebook, MyFileIdea offers you the ability to communicate with other users of the system in real time. Register Now!
MyFileIdea is a place to:
1) Interact with TRG Direct Users
2) Post Comments/Feedback/Ideas
3) Monitor System Updates
The greatest feature of MyFileIdea is that you can post your ideas on how to make the system work better for you.
This hub allows you to monitor the status of all the MyFileIdeas daily. Use this key to follow the progress.
Implemented: The idea was accepted and the programming changes have been completed.
Pending: The idea has been approved by TRG Direct and is awaiting implementation by the programmers.
Review: The idea is under review by TRG Direct.
Clarification: The idea needs further explanation by the user.
Alterations: The idea has been reviewed by TRG Direct and the company has some suggestions to make the idea more effective for all users.
MyFileIdea is also a place for prospective self-filers. This is not required, but we do ask that you take some time every now and then to engage with these users and help them determine if direct filing is right for them. Be honest with the experiences you have had with TRG Direct, both good and not so good.
Let’s Get Started! Register Now!
MyFileIdea is a place to:
1) Interact with TRG Direct Users
2) Post Comments/Feedback/Ideas
3) Monitor System Updates
The greatest feature of MyFileIdea is that you can post your ideas on how to make the system work better for you.
This hub allows you to monitor the status of all the MyFileIdeas daily. Use this key to follow the progress.
Implemented: The idea was accepted and the programming changes have been completed.
Pending: The idea has been approved by TRG Direct and is awaiting implementation by the programmers.
Review: The idea is under review by TRG Direct.
Clarification: The idea needs further explanation by the user.
Alterations: The idea has been reviewed by TRG Direct and the company has some suggestions to make the idea more effective for all users.
MyFileIdea is also a place for prospective self-filers. This is not required, but we do ask that you take some time every now and then to engage with these users and help them determine if direct filing is right for them. Be honest with the experiences you have had with TRG Direct, both good and not so good.
Let’s Get Started! Register Now!
Monday, February 22, 2010
ISF Day of Reckoning Arrives
ISF Day of Reckoning Arrives
It's safe to say that if your company is not filing the mandatory Importer Security Filing (ISF) for all maritime cargo bound for the US by today, that you can expect difficulty getting your shipment(s) released upon arrival in the U.S.
For more information on ISF filing and the most comprehensive easy-to-use system for filing ISF's and customs entries at a savings of up to 90% off ordinary costs please contact TRG Direct.
TRG Direct President Michael Laden has been very active attending CBP ISF Public Outreach Sessions at various venues around the country and in Europe. TRG Direct has been instrumental in working closely with CBP to ensure that all problematic system issues are addressed and remedied during this critical non-enforcement phase.
It's safe to say that if your company is not filing the mandatory Importer Security Filing (ISF) for all maritime cargo bound for the US by today, that you can expect difficulty getting your shipment(s) released upon arrival in the U.S.
For more information on ISF filing and the most comprehensive easy-to-use system for filing ISF's and customs entries at a savings of up to 90% off ordinary costs please contact TRG Direct.
TRG Direct President Michael Laden has been very active attending CBP ISF Public Outreach Sessions at various venues around the country and in Europe. TRG Direct has been instrumental in working closely with CBP to ensure that all problematic system issues are addressed and remedied during this critical non-enforcement phase.
Friday, February 5, 2010
What do I do if I get a No Bill on File Message with my ISF?
There are many reasons for No Bill on File messages when filing your importer security filing. Here are some causes and what you can do to rectify them:
1. The bill of lading will not match if you file the ISF before the BoL is entered into AMS. You do not need to retransmit; Customs will continue to try to match the BoL.
2. The bill of lading may not match right away if the goods hit several ports before coming to the US. The BoL may not match until it leaves the last port bound for the US. There is no need to retransmit; Customs will continue to try to match the BoL.
3. The BoL will not match if the wrong Bill Type is indicated. If the BoL is marked as a Straight bill in AMS but a House bill on the ISF, the bills will not match. If this is the problem, select the correct Bill Type in the Header Screen, Save changes, and retransmit the ISF.
4. If none of these solutions work and/or if the goods are about to leave the last port bound for the US and you still don't have a bill match, it is good practice to call to verify that you have the correct Bill Type, SCAC code, and Bill Number. If your BoL is wrong, update the ISF and retransmit. If all the information is correct, there is nothing you can do but wait for Customs to match it on their end. For some reason, some BoLs never match; this is why Customs will not be issuing fines or penalties for bill matches until their system is more refined.
At this time, Customs is not fining, and the way they are matching bills is still imperfect. The important thing to do at this time is to file an Importer Security Filing for every ocean entry.
1. The bill of lading will not match if you file the ISF before the BoL is entered into AMS. You do not need to retransmit; Customs will continue to try to match the BoL.
2. The bill of lading may not match right away if the goods hit several ports before coming to the US. The BoL may not match until it leaves the last port bound for the US. There is no need to retransmit; Customs will continue to try to match the BoL.
3. The BoL will not match if the wrong Bill Type is indicated. If the BoL is marked as a Straight bill in AMS but a House bill on the ISF, the bills will not match. If this is the problem, select the correct Bill Type in the Header Screen, Save changes, and retransmit the ISF.
4. If none of these solutions work and/or if the goods are about to leave the last port bound for the US and you still don't have a bill match, it is good practice to call to verify that you have the correct Bill Type, SCAC code, and Bill Number. If your BoL is wrong, update the ISF and retransmit. If all the information is correct, there is nothing you can do but wait for Customs to match it on their end. For some reason, some BoLs never match; this is why Customs will not be issuing fines or penalties for bill matches until their system is more refined.
At this time, Customs is not fining, and the way they are matching bills is still imperfect. The important thing to do at this time is to file an Importer Security Filing for every ocean entry.
Wednesday, February 3, 2010
ISF Bonding Requirements by TRG l Register Now!
New bonding requirements for low volume importers
Save the date! TRG is hosting a free webinar to discuss the new bonding requirements for Importer Security Filing.
February 4th 11am CT Register Now
January 26th 2010 marked the official implementation of Importer Security Filing. Beginning this day all importers filing an ISF on their ocean cargo must have appropriate new bonding in place.
If…
1) You have a shipment entering the U.S. via ocean goods in the next year, and
2) You import using single transaction Customs bonds
…now is the time for you to take a look into purchasing a continuous import bond.
Multiple Single Entry Bonds or 1 Continuous Bond?
In the past, it was more economical for low volume importers to purchase single entry bonds. However, U.S. Customs now requires that if a single transaction bond is used to clear an entry, an additional single entry ISF bond to be in place. This increases the costs of single entry transactions; however, TRG has the solution.
Since 1991, TRG has provided continuous Customs bonds direct to importers. The continuous import bond will cover every shipment over a one year period (both entry and ISF).
Save the date! TRG is hosting a free webinar to discuss the new bonding requirements for Importer Security Filing.
February 4th 11am CT Register Now
January 26th 2010 marked the official implementation of Importer Security Filing. Beginning this day all importers filing an ISF on their ocean cargo must have appropriate new bonding in place.
If…
1) You have a shipment entering the U.S. via ocean goods in the next year, and
2) You import using single transaction Customs bonds
…now is the time for you to take a look into purchasing a continuous import bond.
Multiple Single Entry Bonds or 1 Continuous Bond?
In the past, it was more economical for low volume importers to purchase single entry bonds. However, U.S. Customs now requires that if a single transaction bond is used to clear an entry, an additional single entry ISF bond to be in place. This increases the costs of single entry transactions; however, TRG has the solution.
Since 1991, TRG has provided continuous Customs bonds direct to importers. The continuous import bond will cover every shipment over a one year period (both entry and ISF).
Friday, January 29, 2010
Our ISF Countdown Comes to an End
Wow! It has really happended! The long awaited (highly dreaded (not by TRG)) ISF regulation has come into effect. This past Tuesday Customs announced the passing of Importer Security Filing.
However, we still have time get you up and filing! GOOD NEWS!
As Rich DiNucci, Director of the Secure Freight Initiative at CBP has repeatedly stated during the Importer Security Filing (ISF) Public Outreach Sessions, "It's not about the penalties, it's about the data...we simply want compliance". In keeping with this level-headed approach to implementation, CBP has announced that the unenforced period will technically end today. However, importers with accuracy or timeliness issues can expect a Warning Letter or "light touch" from CBP for at least the next ninety (90) days. In other words, if your company is currently making a best faith effort to get the ISF filed accurately and timely, you need not worry about receiving a $5,000 penalty...for now.
However, we still have time get you up and filing! GOOD NEWS!
As Rich DiNucci, Director of the Secure Freight Initiative at CBP has repeatedly stated during the Importer Security Filing (ISF) Public Outreach Sessions, "It's not about the penalties, it's about the data...we simply want compliance". In keeping with this level-headed approach to implementation, CBP has announced that the unenforced period will technically end today. However, importers with accuracy or timeliness issues can expect a Warning Letter or "light touch" from CBP for at least the next ninety (90) days. In other words, if your company is currently making a best faith effort to get the ISF filed accurately and timely, you need not worry about receiving a $5,000 penalty...for now.
Tuesday, January 19, 2010
Richard DiNucci Attends TRG Direct User Group
Richard DiNucci, Secure Trade Initiative Director, attended TRG Direct’s self filing user group webinar presenting timely information on Importer Security Filing (10+2 ISF). The presentation by Mr. DiNucci provided importers with information about the current status of ISF filing and what importers can expect when ISF compliance begins on January 26, 2010. Importer Security Filing requires both importers and carriers to submit additional information pertaining to cargo for import into the United States, to Customers and Border Protection (CBP) 24 hours prior to the goods being laded for the U.S.
Mr. DiNucci has been traveling throughout the U.S. and various overseas locations as part of CBP’s Importer Security Filing Trade Outreach Program. Mike Laden, President of TRG Direct, took part in many of these sessions as a guest speaker. Between Rich and Mike, as well as other ISF trade data collected by CBP over the past year, TRG Direct’s user group was presented with an optimistic overview of the self filer’s progress to date. www.trgdirect.com
Currently, 4 million ISFs have been filed by 80-90% of U.S. importers. Around 10-20% of importers have not started filing. Between 35,000-40,000 ISFs are filed daily with timeliness averaging at 60%.
Although filing numbers are high, challenges still exist. The Duplicate ISF Transaction rejected message recently went up 3%, meaning more than one ISF is filed with the same bill of lading. This may be due to new filers or because of the many updates in the CBP system. CBP updated their system to only accept data in a particular format.
Mr. DiNucci said that in order to see how CBP will treat enforcement, importers can refer to the mitigation guidelines. “CBP is not in it to generate revenue,” Mr. DiNucci said, “but to get the data.” Mr. DiNucci said that importers who are already filing can expect a light touch from CBP due to the “relaxed enforcement” approach CBP will take. CBP will be harder on those importers who haven’t been filing.
“This meeting with Rich could not have come at a better time for our self filers. Luckily for those filers still completing their sign up with TRG Direct, we were able to record the presentation and have posted it online for download,” stated Gregg Cummings, National Sales Manager. www.trgdirect.com/isf_usergroup.aspx
Mr. DiNucci touched on the latest progress reports issued in early January. Timeliness was a large issue for many importers, and this may be because CBP measured timeliness differently in these reports. This time, CBP measured timeliness based on departure date; they expected that timeliness rates would improve, but unfortunately, progress reports worsened for many importers. Mr. DiNucci believes most importers are filing on time, and he said CBP will not see timeliness generating enforcement concerns until their measurement is refined. “The key point,” Mr. DiNucci said, “is to refine your system and take a deep breath; CBP will not say importers are not compliant based on timeliness.”
According to Mr. DiNucci, CBP appreciates the fact that importers are preparing for enforcement. They understand that importers are doing all the work, and CBP appreciates it. Mr. DiNucci assures importers that CBP knows importers will have issues in the beginning, but as long as they strive to provide the data to Customs, they don’t have to worry about enforcement.
“We’ll come down when we need to come down hard on those who don’t want to comply,” Mr. DiNucci said. “We don’t expect perfection at first. Just keep filing, take a deep breath, and you’ll be fine.”
Mr. DiNucci has been traveling throughout the U.S. and various overseas locations as part of CBP’s Importer Security Filing Trade Outreach Program. Mike Laden, President of TRG Direct, took part in many of these sessions as a guest speaker. Between Rich and Mike, as well as other ISF trade data collected by CBP over the past year, TRG Direct’s user group was presented with an optimistic overview of the self filer’s progress to date. www.trgdirect.com
Currently, 4 million ISFs have been filed by 80-90% of U.S. importers. Around 10-20% of importers have not started filing. Between 35,000-40,000 ISFs are filed daily with timeliness averaging at 60%.
Although filing numbers are high, challenges still exist. The Duplicate ISF Transaction rejected message recently went up 3%, meaning more than one ISF is filed with the same bill of lading. This may be due to new filers or because of the many updates in the CBP system. CBP updated their system to only accept data in a particular format.
Mr. DiNucci said that in order to see how CBP will treat enforcement, importers can refer to the mitigation guidelines. “CBP is not in it to generate revenue,” Mr. DiNucci said, “but to get the data.” Mr. DiNucci said that importers who are already filing can expect a light touch from CBP due to the “relaxed enforcement” approach CBP will take. CBP will be harder on those importers who haven’t been filing.
“This meeting with Rich could not have come at a better time for our self filers. Luckily for those filers still completing their sign up with TRG Direct, we were able to record the presentation and have posted it online for download,” stated Gregg Cummings, National Sales Manager. www.trgdirect.com/isf_usergroup.aspx
Mr. DiNucci touched on the latest progress reports issued in early January. Timeliness was a large issue for many importers, and this may be because CBP measured timeliness differently in these reports. This time, CBP measured timeliness based on departure date; they expected that timeliness rates would improve, but unfortunately, progress reports worsened for many importers. Mr. DiNucci believes most importers are filing on time, and he said CBP will not see timeliness generating enforcement concerns until their measurement is refined. “The key point,” Mr. DiNucci said, “is to refine your system and take a deep breath; CBP will not say importers are not compliant based on timeliness.”
According to Mr. DiNucci, CBP appreciates the fact that importers are preparing for enforcement. They understand that importers are doing all the work, and CBP appreciates it. Mr. DiNucci assures importers that CBP knows importers will have issues in the beginning, but as long as they strive to provide the data to Customs, they don’t have to worry about enforcement.
“We’ll come down when we need to come down hard on those who don’t want to comply,” Mr. DiNucci said. “We don’t expect perfection at first. Just keep filing, take a deep breath, and you’ll be fine.”
Tuesday, January 12, 2010
Get your C-TPAT certification for ISF purposes!
C-TPAT Certified? Save the date for this CBP Training Seminar.
Customs Trade Partnership Against Terrorism (C-TPAT) is a Customs & Border Protection (CBP) Security initiative designed to engage importers in the validation of their supply chain integrity. Learn more about C-TPAT and the benefits associated with the program in the TRG Trade Spotlight September 2008 issue.
For importers already participating in this initiative, CBP is hosting a training seminar geared toward the challenges in upholding supply chain security during today’s economic environment. The event will include education on:
Balancing Supply Chain Security & Economic Efficiency
Conducting a Supply Chain Security Risk Assessment
Revalidations
Suspensions and Removals
C-TPAT Best Practices
Developing a Security Training & Awareness Program
Proactive Approaches to Security Breach Prevention
Mutual Recognition
Interagency cooperation
Only 1,200 Slots Available – First Come First Served!
Location:
Anaheim Marriott Hotel700 West Convention WayAnaheim, California, 92802
Dates:
Session 1 – Wednesday & Thursday, March 17-18, 2010Session 2 – Thursday & Friday, March 18-19, 2010
Cost:
No cost to attend the conference. Expenses for lodging and travel are the responsibility of the C-TPAT member.
Registration: Online CBP Website
In order to avoid paying these stiff fines, many importers have brought their policies and procedures in house to ensure they know that they are filing timely and accurately. The ISF consists of 10 very easily attainable data elements. Once the importer begins receiving the information, the filing part is easy.
TRG Direct, an ISF and customs entry software provider, allows importers to file online in seconds using templates and excel uploads. Also, since the ISF is not considered customs business, many importers allow their vendors to access the ISFs under their own user names and input information, which means the information never has to go through a third party.
If you haven’t started filing, don’t stress: you still have a month to practice filing penalty-free. However, you need to start filing now. CBP has stated that the most important thing importers can do before compliance begins is to create a history with CBP by filing their ISFs. By doing so, importers may be able to mitigate any fines and penalties assessed at the beginning of compliance. Importers who have not been filing will be the first ones paying these fines.
If you have been filing, you need to make sure your policies and procedures are in place and that all filings are timely and accurate. Check your progress report to see how well you’re doing. And remember, by filing yourself, you have complete control over filing timely and accurately.
Monday, January 11, 2010
File Your ISF Using TRG Direct's Template
New addition to TRG Direct....TRG Direct recently reduced the filing time for Importer Security Filing self filers. The introduction of their excel ISF upload template allows importers to upload information directly into an ISF. Self filers simply input data in the appropriate part of the template and upload it directly into TRG Direct. After a quick review, the ISF can be transmitted directly to U.S. Customs via a direct Automated Broker Interface (ABI) connection.Another nice quality about the excel spreadsheet is the usefulness in coordination with an importer's overseas vendors. Most vendors are already filling out ISF information templates or word documents for their U.S. importers; now, they can simply fill out TRG Direct's ISF upload spreadsheet. This saves the importer time because they don't need to re-key the information for their ISF; they just upload the spreadsheet which auto-populates their information directly into TRG Direct. www.trgdirect.com
Friday, January 8, 2010
The ISF Honeymoon Comes to an End Jan 26th
The ISF Honeymoon Comes to an End January 26th
The honeymoon phase of Importer Security Filing (ISF) will be over in less than one month. On January 26th, 2010, U.S. importers of ocean cargo will be faced with a harsh reality. Customs and Border Protection (CBP) will begin issuing fines and penalties for importers who fail to file their ISFs, file late, fail to update, or fail to delete their ISFs. Penalty amounts will be $5,000 per Importer Security Filing transmission and can be as much as $10,000 per ISF.
Was your honeymoon successful? Are you ISF ready?
At this time, importers need to be very familiar with their progress reports. Customs issues these monthly progress reports to whoever is filing the ISFs in order to let them know how they are doing. The reports inform the filer about how often their ISFs are accepted or rejected as well as how timely they are filing. If you haven’t seen your progress report, you need to ask whoever is filing immediately. Remember: it is not the filer that has to pay the fine; the importer is liable for their ISFs.In order to avoid paying these stiff fines, many importers have brought their policies and procedures in house to ensure they know that they are filing timely and accurately.
The ISF consists of 10 very easily attainable data elements. Once the importer begins receiving the information, the filing is easy.It's time to create a successful ISF program.TRG Direct, an ISF and customs entry self filing provider, allows importers to file online in seconds using templates and excel uploads. Also, since the ISF is not considered customs business, many importers allow their vendors to access the ISFs under their own user names and input information, which means the information never has to go through a third party.If you haven’t started filing, don’t stress: you still have a month to practice filing penalty-free. However, you need to start filing now. CBP has stated that the most important thing importers can do before compliance begins is to create a history with CBP by filing their ISFs. By doing so, importers may be able to mitigate any fines and penalties assessed at the beginning of compliance. Importers who have not been filing will be the first ones paying these fines.If you have been filing, you need to make sure your policies and procedures are in place and that all filings are timely and accurate. Check your progress report to see how well you’re doing. And remember, by filing yourself, you have complete control over filing timely and accurately.
The honeymoon phase of Importer Security Filing (ISF) will be over in less than one month. On January 26th, 2010, U.S. importers of ocean cargo will be faced with a harsh reality. Customs and Border Protection (CBP) will begin issuing fines and penalties for importers who fail to file their ISFs, file late, fail to update, or fail to delete their ISFs. Penalty amounts will be $5,000 per Importer Security Filing transmission and can be as much as $10,000 per ISF.
Was your honeymoon successful? Are you ISF ready?
At this time, importers need to be very familiar with their progress reports. Customs issues these monthly progress reports to whoever is filing the ISFs in order to let them know how they are doing. The reports inform the filer about how often their ISFs are accepted or rejected as well as how timely they are filing. If you haven’t seen your progress report, you need to ask whoever is filing immediately. Remember: it is not the filer that has to pay the fine; the importer is liable for their ISFs.In order to avoid paying these stiff fines, many importers have brought their policies and procedures in house to ensure they know that they are filing timely and accurately.
The ISF consists of 10 very easily attainable data elements. Once the importer begins receiving the information, the filing is easy.It's time to create a successful ISF program.TRG Direct, an ISF and customs entry self filing provider, allows importers to file online in seconds using templates and excel uploads. Also, since the ISF is not considered customs business, many importers allow their vendors to access the ISFs under their own user names and input information, which means the information never has to go through a third party.If you haven’t started filing, don’t stress: you still have a month to practice filing penalty-free. However, you need to start filing now. CBP has stated that the most important thing importers can do before compliance begins is to create a history with CBP by filing their ISFs. By doing so, importers may be able to mitigate any fines and penalties assessed at the beginning of compliance. Importers who have not been filing will be the first ones paying these fines.If you have been filing, you need to make sure your policies and procedures are in place and that all filings are timely and accurate. Check your progress report to see how well you’re doing. And remember, by filing yourself, you have complete control over filing timely and accurately.
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