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.
Tuesday, October 19, 2010
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!
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