Tuesday, December 21, 2010
TRG Launches Low-Cost Web-Based HTS Classification Tool for U.S. Importers
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
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
Wednesday, November 17, 2010
TRG is in Search of New Lead Developers
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 (PRWEB) 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 (PRWEB) 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
Looking for a great paying sales career in Bozeman Montana? Look no further!
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
Start your 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 59718
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 59718
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
Eagle EyeSM: Resolve import related problems faster and easier
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
Monday, April 19, 2010
Do I need an International Carrier Bond?
A question came in through our online chat service today about a company transporting a plane for repairs. The company already had an International Carrier bond on file or Activity Code 3 bond. They didn't know if this bond would allow them to enter the US after their plane was fixed in Costa Rica.
We get questions everyday to where there is a completely unique situation to an importer or carrier. In this instance we told them to make sure and contact the port in which the plane would be returning to. The size of their carrier bond would have been determined at this port as well, when they went to place the bond. The size of the bond usually depends on the port and the aircraft in question. It is our understanding that entrance to this port would not be different from any of the company's other activies and thus would be included under this bond. However, always make sure and double check with the port!
You can find a complete list of port contact information here.
Make sure and add this to your favorites in your web browser. You will be surprised how ofter you will need to access this!
We get questions everyday to where there is a completely unique situation to an importer or carrier. In this instance we told them to make sure and contact the port in which the plane would be returning to. The size of their carrier bond would have been determined at this port as well, when they went to place the bond. The size of the bond usually depends on the port and the aircraft in question. It is our understanding that entrance to this port would not be different from any of the company's other activies and thus would be included under this bond. However, always make sure and double check with the port!
You can find a complete list of port contact information here.
Make sure and add this to your favorites in your web browser. You will be surprised how ofter you will need to access this!
Thursday, April 15, 2010
Stop wasting money on single entry Customs bonds.
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). TRG offers the following promotional pricing to low-volume importers. 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!
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). TRG offers the following promotional pricing to low-volume importers. 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
Monitoring Liquidated Damages, Supplemental Duties and Customs Entries
If you are a Customs bond holder with TRG, make sure that you are taking advantage of Eagle Eye. This is our free entry monitoring system that has the following 4 reporting capabilities.
The Customs Bond Report: Outlines the customs bond(s) your company currently has on file.
The 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.
The Supplemental Duty Bills: Includes information on entry liquidation and Customs’ additional bills. View the status of your bills due to classification review or anti-dumping/countervailing upon liquidation.
The Liquidated Damages Report: Streamlined view of any penalty notices by Customs per entry. Failure to respond to Customs may not only increase the penalty amount, but can effect your compliance rating. This report is the most popular among our customer base.
View a vide of Eagle Eye here!
The Customs Bond Report: Outlines the customs bond(s) your company currently has on file.
The 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.
The Supplemental Duty Bills: Includes information on entry liquidation and Customs’ additional bills. View the status of your bills due to classification review or anti-dumping/countervailing upon liquidation.
The Liquidated Damages Report: Streamlined view of any penalty notices by Customs per entry. Failure to respond to Customs may not only increase the penalty amount, but can effect your compliance rating. This report is the most popular among our customer base.
View a vide of Eagle Eye here!
Tuesday, April 13, 2010
Kimbree Baker Signs On to TRG
Yesterday we announced our new Marketing Analyst, Kathryn Shaw. Today we are happy to announce that Kimbree Baker has signed on as TRG's new Administrative Assistant.
Both TRG and Kimbree are excited to begin working together. Kimbree joins us from Montana State University in Bozeman, MT. Her degree in Economics will put her in the fast lane to learning about globalization and brining her knowledge to the TRG team.
Along with Kathryn, Kimbree will be starting on June 1st. As much as we would like our new additions to start today, we need to give them time to finish up their education and maybe take a short breather!
We look forward to having you both!
Both TRG and Kimbree are excited to begin working together. Kimbree joins us from Montana State University in Bozeman, MT. Her degree in Economics will put her in the fast lane to learning about globalization and brining her knowledge to the TRG team.
Along with Kathryn, Kimbree will be starting on June 1st. As much as we would like our new additions to start today, we need to give them time to finish up their education and maybe take a short breather!
We look forward to having you both!
Monday, April 12, 2010
Welcome to TRG, Kathryn Shaw
TRG would like to announce the employment of Kathryn Shaw.
Kathryn will be joining TRG as the company's Marketing Analyst. Working alongside, Jena leary, Marketing Director, Kathryn will assist the marketing department in database management, lead generation, brand awareness, content development and many other critical components of the marketing department. Who knows...maybe the next post you read on this blog will be written by Kathryn :)!
Kathryn starts on June 1st here in the Bozeman office. We are looking forward to the new addition and fresh ideas that Kathryn will bring to the team. A gradute of Montana State University, we are assured that she will put her education to great use!
Kathryn will be joining TRG as the company's Marketing Analyst. Working alongside, Jena leary, Marketing Director, Kathryn will assist the marketing department in database management, lead generation, brand awareness, content development and many other critical components of the marketing department. Who knows...maybe the next post you read on this blog will be written by Kathryn :)!
Kathryn starts on June 1st here in the Bozeman office. We are looking forward to the new addition and fresh ideas that Kathryn will bring to the team. A gradute of Montana State University, we are assured that she will put her education to great use!
Thursday, April 8, 2010
TRG Trade Spotlight l March l Import/Export Recordkeeping
Import/Export Recordkeeping Best Practices by Mike Laden
TRG attended another successful event hosted by the International Compliance Professionals Association (ICPA) www.icpainc.org this past March. With educational sessions ranging from the Pros and Cons of Self-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) www.icpainc.org this past March. With educational sessions ranging from the Pros and Cons of Self-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.
Wednesday, April 7, 2010
Customs Entry Monitoring System Free to Bond Holders
How to use Eagle Eye to answer your import questions.
TRG, the direct provider of US Customs bonds, offers more than just great pricing.
Have you ever wasted time and resources trying to answer one of these important questions?
Do I owe any duties to Customs?
Which entries have not liquidated?
How much duty did I pay last year?
Which of my entries are suspended?
All TRG customs bond holders have free access to this information.
The more you know about your import practices the better for your compliance
What exactly can Eagle Eye do?
The system offers 4 pre-designed reports.
The bond report, the entry status report, the supplemental duty bills report and the liquidated damages report.
The information in these reports streams directly from US Customs.
Eagle Eye is accessed through TRG’s website. You are able to view this timely data from any computer with an Internet connection. The bond report outlines any Customs bonds your company currently has on file.
This report will tell you your bond effective date, bond number, liability amount and many other useful data elements relating to your bond. This is an example of a bond summary report. The entry status report will allow you to see each entry number, date and status as well as import value and estimated duty. This button will allow you to see more detailed information on each entry. You can query the supplemental duty report by bill number, entry number or importer number. This report shows you the status of your bills due to classification review or anti-dumping or countervailing. Again click on each bill to see detailed information. https://traderiskguaranty.com/EagleEyeLanding.aspx
The fourth report is the liquidated damages report and provides you with a streamlined view of any penalty notices by customs per entry.
So that’s a brief overview of Eagle Eye. We hope you take advantage of this free tool. If you are not yet a Customs bond holder with TRG. To take advantage of this system you will need to apply for a bond with us online at trgbond.com. Should you have an questions please submit them to askanexpert@traderiskguaranty.com
TRG, the direct provider of US Customs bonds, offers more than just great pricing.
Have you ever wasted time and resources trying to answer one of these important questions?
Do I owe any duties to Customs?
Which entries have not liquidated?
How much duty did I pay last year?
Which of my entries are suspended?
All TRG customs bond holders have free access to this information.
The more you know about your import practices the better for your compliance
What exactly can Eagle Eye do?
The system offers 4 pre-designed reports.
The bond report, the entry status report, the supplemental duty bills report and the liquidated damages report.
The information in these reports streams directly from US Customs.
Eagle Eye is accessed through TRG’s website. You are able to view this timely data from any computer with an Internet connection. The bond report outlines any Customs bonds your company currently has on file.
This report will tell you your bond effective date, bond number, liability amount and many other useful data elements relating to your bond. This is an example of a bond summary report. The entry status report will allow you to see each entry number, date and status as well as import value and estimated duty. This button will allow you to see more detailed information on each entry. You can query the supplemental duty report by bill number, entry number or importer number. This report shows you the status of your bills due to classification review or anti-dumping or countervailing. Again click on each bill to see detailed information. https://traderiskguaranty.com/EagleEyeLanding.aspx
The fourth report is the liquidated damages report and provides you with a streamlined view of any penalty notices by customs per entry.
So that’s a brief overview of Eagle Eye. We hope you take advantage of this free tool. If you are not yet a Customs bond holder with TRG. To take advantage of this system you will need to apply for a bond with us online at trgbond.com. Should you have an questions please submit them to askanexpert@traderiskguaranty.com
Thursday, March 4, 2010
TRG Direct Introduces MyFileIdea a Social Networking Site for Direct-Filers
Have you ever thought about bringing your ISF or entry clearance in-house but wanted to talk with other direct filers about their experience first? Now you can! TRG Direct introduces MyFileIdea, an online forum for International Trade Professionals to engage in conversation regarding the pros and cons of self-filing. Current direct filers can now network in real time with importers investigating the possibilities of in-house Customs clearance. Best of all, this is offered at no cost! Register Now!
MyFileIdea is a place to:
1) Interact with TRG Direct Users
2) Post Comments/Feedback/Ideas
3) Monitor System Updates
4) Vote on Ideas
The greatest feature of MyFileIdea is that users can post their ideas on how to make the system work better for them. TRG Direct is continually upgraded, mostly from ideas that are generated by the user group. MyFileIdea is a hub for these ideas and allows users to brainstorm by feeding off one another.
Users have the capability to monitor where their ideas are in the implementation process. The status of the MyFileIdeas are updated daily:
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.
Approval: 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 a place to:
1) Interact with TRG Direct Users
2) Post Comments/Feedback/Ideas
3) Monitor System Updates
4) Vote on Ideas
The greatest feature of MyFileIdea is that users can post their ideas on how to make the system work better for them. TRG Direct is continually upgraded, mostly from ideas that are generated by the user group. MyFileIdea is a hub for these ideas and allows users to brainstorm by feeding off one another.
Users have the capability to monitor where their ideas are in the implementation process. The status of the MyFileIdeas are updated daily:
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.
Approval: 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.
Monday, February 22, 2010
TRG Trade Spotlight l February l Top 5 To Do List for Trade Professionals
The International Trade Professional’s Top 5 To Do List for 2010 Have you ever noticed that things just don’t get done unless you have a proper plan of attack? Keeping a hard copy of your to-do list handy will keep you on track. Just like at home, your professional to-do list should contain obtainable goals and coincide with a feasible timetable for you to check the items off the list. In order to help you get started, TRG has created this list of to-dos for the International Trade Professional.
Print this out, keep it in sight and let the check off begin…
□ Take Initiative: Apply for or review your C-TPAT membership. Not only will your company receive numerous benefits from a C-TPAT membership, but it will increase the value of your relationship with U.S. Customs. If you are interested in learning more about applying, visit CBP’s website.
□ Connect with Experts: Set up educational alerts for yourself via social networking sites and online resources where information is continually updated.
o LinkedIn has various groups dedicated to International Trade. When you join a group, you have the ability to ask questions to the other experts in your field and will receive excellent advice for free! Try it out. A few groups you might find worth joining are Customs Specialists or Global Trade Compliance Professionals.
o Blogs are another free wealth of information. If you sign up for Google Readerb you can subscribe to multiple blogs and all of the posts will filter into one easy-to-read website. Our blog on ISF: Jamie’s ISF Blog
□ Gain Exposure: Become a member of an established trade association. There is a small handful of worthy associations for importers to consider as a valuable resource. The International Compliance Professionals Association (ICPA) and the Association of Exporters and Importers (AAEI) are two groups TRG does recommend as invaluable resources for International Trade Professionals. Groups such as these include members with the greatest of experience and understanding in trade compliance.
□ Investigate: Complete a thorough review of your import costs. To get started, find out what you are really paying for your brokerage services. TRG Direct has created this form called Deciphering Your Broker’s Bill to help you determine where your fees are stemming from.
□ Explore: The past 10 years have brought technology to trade. Remote Location Filing has brought Direct Filing capabilities, Automated Commercial Environment has created Electronic payment opportunities, and Global Trade Management systems have expanded abilities. Explore each of these technologies and see which could affect your business practices in the most positive way. You may need to present your case for Customs compliance to senior management. Exploring venues will help you do so.
Is there something you think we should add to the list? Let us know: jleary@trgdirect.com
Print this out, keep it in sight and let the check off begin…
□ Take Initiative: Apply for or review your C-TPAT membership. Not only will your company receive numerous benefits from a C-TPAT membership, but it will increase the value of your relationship with U.S. Customs. If you are interested in learning more about applying, visit CBP’s website.
□ Connect with Experts: Set up educational alerts for yourself via social networking sites and online resources where information is continually updated.
o LinkedIn has various groups dedicated to International Trade. When you join a group, you have the ability to ask questions to the other experts in your field and will receive excellent advice for free! Try it out. A few groups you might find worth joining are Customs Specialists or Global Trade Compliance Professionals.
o Blogs are another free wealth of information. If you sign up for Google Readerb you can subscribe to multiple blogs and all of the posts will filter into one easy-to-read website. Our blog on ISF: Jamie’s ISF Blog
□ Gain Exposure: Become a member of an established trade association. There is a small handful of worthy associations for importers to consider as a valuable resource. The International Compliance Professionals Association (ICPA) and the Association of Exporters and Importers (AAEI) are two groups TRG does recommend as invaluable resources for International Trade Professionals. Groups such as these include members with the greatest of experience and understanding in trade compliance.
□ Investigate: Complete a thorough review of your import costs. To get started, find out what you are really paying for your brokerage services. TRG Direct has created this form called Deciphering Your Broker’s Bill to help you determine where your fees are stemming from.
□ Explore: The past 10 years have brought technology to trade. Remote Location Filing has brought Direct Filing capabilities, Automated Commercial Environment has created Electronic payment opportunities, and Global Trade Management systems have expanded abilities. Explore each of these technologies and see which could affect your business practices in the most positive way. You may need to present your case for Customs compliance to senior management. Exploring venues will help you do so.
Is there something you think we should add to the list? Let us know: jleary@trgdirect.com
Wednesday, February 3, 2010
Presidents Plunge In Bozeman - Will John Jump?
The Presidents Plunged is among us once again. This plunge is an icy dip into the Bozeman Pond just West of the Gallatin Valley Mall. The proceeds from this benefit are donated to Special Olympics Montana. The event takes place on February 15th, Presidents Day!
Schedule
10:00am - 11:45am
Plunge Registration @ Bozeman Ponds
11:30am
Enjoy refreshments, meet the athletes and change into your plunge attire
12:00 Noon
PLUNGE BEGINS
2:00pm
Awards Party at Fuddruckers - 2905 West Main
Plungers eat free up to $5 - not including beverage
Here are TRG we are hoping to get our President, John Michel, to take the plunge. We have raised $100 from employees but haven't broke the news to him yet. We'll make sure to post photos! If you would like to pledge visit www.somt.org. It's a great cause and we are happy to help out!
Schedule
10:00am - 11:45am
Plunge Registration @ Bozeman Ponds
11:30am
Enjoy refreshments, meet the athletes and change into your plunge attire
12:00 Noon
PLUNGE BEGINS
2:00pm
Awards Party at Fuddruckers - 2905 West Main
Plungers eat free up to $5 - not including beverage
Here are TRG we are hoping to get our President, John Michel, to take the plunge. We have raised $100 from employees but haven't broke the news to him yet. We'll make sure to post photos! If you would like to pledge visit www.somt.org. It's a great cause and we are happy to help out!
Friday, January 29, 2010
TRG Trade Spotlight l January l NAFTA Do Your Goods Qualify?
NAFTA – Do my goods qualify and how do I claim a refund?North American Free Trade Agreement (NAFTA) established a free-trade zone in North America, taking effect in 1994 by Canada, Mexico, and the United States. NAFTA eliminates tariffs on the majority of goods produced by these participating nations. It is an investment to the movement of goods and services among the three countries. Merely purchasing a product in a NAFTA country does NOT automatically make it NAFTA-eligible. Here are a few general “rules of thumb” for determining if you should claim NAFTA or not to receive a refund.not claim NAFTA if… You do not know the background of the product. Such as: who produced it, where it was grown or was taken from the ground, where the components or ingredients were manufactured or grown. The good was produced overseas and simply passed through North America. Your good qualified for NAFTA but was sent overseas temporarily and left Customs control or something was done to the product other than unloading, reloading or preservation. These are general rules; if you are unsure of your NAFTA eligibility, ask!NAFTA CertificatesIn order to present a claim for reimbursement on goods within the scope of NAFTA, the importer must submit a NAFTA Certificate of Origin. CBP’s website states, “The Certificate of Origin must be completed by the exporter. A producer or manufacturer may also complete a certificate of origin in a NAFTA territory to be used as a basis for an Exporter’s Certificate of Origin. To make a claim for NAFTA preference, the importer must possess a certificate of origin at the time the claim is made.” If the NAFTA Certificate of Origin is not ready at time of export, you have one year from the date of importation to claim a refund.For Further Information visit this trilateral web site (Canada/Mexico/U.S.): www.customs.gov/nafta/nafta_new.htm
Wednesday, January 27, 2010
IE Canada to Host Western Conference in Feb
Do you deal with import/export regulations in Canada? If so, IE Canada may be a great association for your company to become a member of. This February, the group is hosting a trade conference in Calgary.
Direct from their brochure...
"Participants will have the opportunity to share knowledge and network with leaders in international trade and customs. Participants will hear the latest policy developments in customs and trade programs, such as NAFTA and ACI eManifest, take part in a hands-on workshop on tariff classification and NAFTA rules of origin, and hear from industry experts who are setting the benchmarks for trade compliance standards. Participants will also hear the latest trends in product sourcing and practical tips for establishing customs policies and preparing for a customs audit."
Direct from their brochure...
"Participants will have the opportunity to share knowledge and network with leaders in international trade and customs. Participants will hear the latest policy developments in customs and trade programs, such as NAFTA and ACI eManifest, take part in a hands-on workshop on tariff classification and NAFTA rules of origin, and hear from industry experts who are setting the benchmarks for trade compliance standards. Participants will also hear the latest trends in product sourcing and practical tips for establishing customs policies and preparing for a customs audit."
Tuesday, January 19, 2010
TRG Will be Attending MSU Spring Career Fair
Montana State University, Bozeman hosts multiple career fairs for undergraduate students throughout the course of the academic year. This February, the 5th Annual “Almost” Spring Job and Internship Fair will be held in the Strand Union Building (SUB) Ballrooms on MSU’s campus. TRG, local business offering solutions to importers, will attend the event and meet with prospective interns to fulfill open part time sales positions. www.montana.edu
Local companies attending the career fair include, but are not limited to; Kraft Foods, Bresnan Communications, Enterprise Rent-a-Car, Halliburton, Sherwin-Williams. MSU’s esteemed Engineering program has historically drawn a large number of firms from outside of Montana. TRG just recently moved its company headquarters to Bozeman, Montana after 18 years in Illinois. Operating out of the headquarters include the departments of TRG Bond, TRG Marine and TRG Direct. www.trgdirect.com
Along with the MSU Career fair, TRG has participated in other MSU events including the College of Business’ Management 475 class. TRG was able to work with business students throughout the course of a semester in development of a marketing plan. “Many of TRG’s employees are graduates of or currently enrolled at MSU. We are committed to giving back to the University by providing students with opportunities to develop a business acumen, ” stated Laura Michel, VP Operations. “We enjoy this youthful community and our ability to invest in its growth.
TRG’s website includes information on positions available within the firm. The company is looking to educate/train those with professional communication, influence/persuasion, attention to detail and computer experience. The job description in which the company is looking to fill at the MSU Career Fair will assist the Sales department with all aspects of Customs bond processing and customer service, and understanding of a sales position with the possibility of moving to a sales representative. www.trgbond.com
Local companies attending the career fair include, but are not limited to; Kraft Foods, Bresnan Communications, Enterprise Rent-a-Car, Halliburton, Sherwin-Williams. MSU’s esteemed Engineering program has historically drawn a large number of firms from outside of Montana. TRG just recently moved its company headquarters to Bozeman, Montana after 18 years in Illinois. Operating out of the headquarters include the departments of TRG Bond, TRG Marine and TRG Direct. www.trgdirect.com
Along with the MSU Career fair, TRG has participated in other MSU events including the College of Business’ Management 475 class. TRG was able to work with business students throughout the course of a semester in development of a marketing plan. “Many of TRG’s employees are graduates of or currently enrolled at MSU. We are committed to giving back to the University by providing students with opportunities to develop a business acumen, ” stated Laura Michel, VP Operations. “We enjoy this youthful community and our ability to invest in its growth.
TRG’s website includes information on positions available within the firm. The company is looking to educate/train those with professional communication, influence/persuasion, attention to detail and computer experience. The job description in which the company is looking to fill at the MSU Career Fair will assist the Sales department with all aspects of Customs bond processing and customer service, and understanding of a sales position with the possibility of moving to a sales representative. www.trgbond.com
Monday, January 11, 2010
What is a "multi-year" continuous Customs bond?
"My broker told me there are no multiple year continuous Customs bonds".
US Customs bonds are continuous, meaning once they are on file with Customs, they remain active until terminated in writing. TRG offers a 1,2 or 3 year term for the bonds, we are referring to billing terms. TRG has negotiated discounted premium rates for importers that pay for 2 or 3 years at one time. At the end of the chosen term, TRG contacts your company to see if you wish to continue the previous term or select a different payment term.
Multi-year pricing on the Customs bond offers companies our best pricing with our best rates for 3 years. Also note, that TRG has not increased pricing on the $50,000 Customs import bond since 1991!
Friday, January 8, 2010
Airport Security Bonds
TRG offers all types of Customs bonds. The most common type of Customs bond is the import bond and is the bond most companies are familiar with. Over the past few months, TRG has begun to see a rise in the applications of Airport Security Bons (ASB). These are also a type of Customs bond, however US Customs is only now just regulating the requirement with more force.
An Airport Security Bond (ASB) is a US Customs bond needed for out sourced service companies to enter secured areas of airports (like cleaning services not employed by the airlines to clean planes or maintenance individuals not employed by the airlines to fix something).
Bond Amount Calculation for Airport Security Bonds: The Customs bond amount is determined by the Airport the company is operating in.
To apply for the ASB visit www.trgbond.com and click apply now!
An Airport Security Bond (ASB) is a US Customs bond needed for out sourced service companies to enter secured areas of airports (like cleaning services not employed by the airlines to clean planes or maintenance individuals not employed by the airlines to fix something).
Bond Amount Calculation for Airport Security Bonds: The Customs bond amount is determined by the Airport the company is operating in.
To apply for the ASB visit www.trgbond.com and click apply now!
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