Supplemental Duty Bills Explained

A supplemental duty bill is issued by U.S. Customs and Border Protection (CBP) when it is determined upon liquidation that additional duty is due.  In other words,  the duties that have been paid on a liquidated entry are believed to be insufficient.  

Customs Bond Penalties Explained

Bond claims are an important element of the importing process to understand.  A breach of bond or violation of law can start off the process.  A breach of bond will result in liquidated damages from Customs; a violation of the law results in a penalty.  

Inspection Tech

U.S. Customs and Border Protection (CBP) is one of the oldest agencies in American history, and has always been an integral element of the American government.  Since 1789, Customs has managed the collection of duties related to the import of goods into the United States.  

Panama Canal Will Graduate to Three Lanes

The construction of the Panama Canal was one of history’s most impressive engineering accomplishments. The swath cut through the American continents has forever altered the routes of oceangoing commerce. 

Montana Ski Areas

This is the time of year that many Montanans start to think about the ski season.  It’s 90 degrees outside, rain is a distant memory, and the hills are choked with smoke. 

Customs Bonds 101 Questions and Answers Vol 2

We had so many great questions from the attendees of our recent webinar, we decided to publish a few volumes of them, along with answers for our readers here on TRG Peak.  The first volume was published two weeks ago--this is volume two:  

Marine Cargo Insurance

Marine cargo insurance is an excellent risk management tool when used efficiently. Most global sourcing business owners hold marine cargo insurance in some capacity

Montana Red Flag Warnings

If you’re unclear on what a red flag warning is, it means that fire danger is imminent.  Almost anything could spark a blaze that could cause serious damage to countless acres of wilderness and residential zones.  

Top 5 Importing Mistakes

There are many things an importer must keep track of to run a successful operation.  Here are 5 avoidable mistakes that can keep even the best operations from reaching their full potential: