Deringer Digest Blog

  • There are no suggestions because the search field is empty.

Strategies for Avoiding Demurrage Fees

Posted by Teresa Chapman on 11/9/18 4:58 PM

Demurrage is a dirty word among importers, and with good reason .

Read More

Topics: Freight Forwarding & Cargo Transportation

De Minimis and Valuation: Known Trade Compliance Risk Areas

Posted by Rachael Sink on 11/6/18 1:00 PM

Known trade compliance risk areas can take many forms and often require multi-disciplined specialists to help keep you in compliance. As you know, U.S. Customs and Border Protection (CBP or Customs) is responsible for enforcing compliance at all ports of entry—and there are areas that are well-known in the trade community for being at risk for noncompliance.

De Minimis, Customs valuation, and duty rate are three known areas that receive added scrutiny from CBP. 

Read More

Topics: Customs Consulting, International Trade Compliance & Enforcement

Freight Forwarding Services: Speed vs. Cost

Posted by Teresa Chapman on 11/2/18 12:24 PM

Speed to market is a necessity today, but how do you balance these pressures with shipping costs?

Read More

Topics: Freight Forwarding & Cargo Transportation

Questions to Ask Regarding First Sale & Multi-tiered Transactions

Posted by David Laroche on 10/30/18 1:00 PM

The rules and regulations regarding First Sale can easily seem overwhelming. Be sure to think over the questions presented below, and how they may pertain to your business.

There are many important questions to ask yourself while dealing with First Sale inside a multi-tiered transaction. In an ever-changing world, it is essential to stay informed on how specific rules can affect your business.

As additional duties, up to 25%, are being assessed on goods from China, the question of possibly using First Sale keeps coming up as a way to mitigate duty obligations. The First Sale rule allows importers to use the price paid in an “earlier sale” as the basis for the Customs value.

While it is true, First Sale can be accepted by CBP, an importer choosing to use this valuation method must be sure that they have done their due diligence to ensure compliance. US Customs and Border Protection (CBP) actively scrutinizes imports utilizing this valuation methodology, so exercising reasonable care is paramount.

Read More

Topics: Customs Consulting, Freight Forwarding & Cargo Transportation

How to Hire a Global Freight Forwarder

Posted by Teresa Chapman on 10/26/18 11:16 AM

International trade is volatile, and choosing the right global freight forwarder can be a make-or-break decision for an importer. 

Read More

Topics: Freight Forwarding & Cargo Transportation

How to Further Reduce International Trade Risks

Posted by Rachael Sink on 10/23/18 1:00 PM

You've got a fantastic trade compliance program, and now you want to improve your efforts even more. You can do that! The voluntary Importer Self Assessment (ISA) program can help you to reduce international trade risks further and provide actual benefits .

Read More

Topics: Customs Consulting, International Trade Compliance & Enforcement

What to Know About an Importer Security Filing

Posted by Matt Parrott on 10/19/18 4:50 PM

If you’re planning to import goods by ship to the United States, you’re required to file an Importer Security Filing (ISF). 

Read More

Topics: Freight Forwarding & Cargo Transportation

Compliance: Demonstrate Reasonable Care and Be Better Prepared

Posted by Rachael Sink on 10/15/18 1:15 PM

You have a trade compliance program and your team works well, but to reach the next level, compliance must become an  integral part of everyday business.

Read More

Topics: International Trade Compliance & Enforcement

What Are Incoterms and Why Are They Important?

Posted by Matt Parrott on 10/12/18 2:35 PM

Do you know the difference between Free on Board (FOB) and Free Alongside Ship (FAS)? Or at what point the Delivered at Transfer (DAT) risk shifts from the buyer to the seller?

Read More

Topics: Freight Forwarding & Cargo Transportation

How to Compare Freight Shipping Companies

Posted by Matt Parrott on 10/4/18 12:09 PM

It’s a difficult time in shipping.

Read More

Topics: Freight Forwarding & Cargo Transportation

Is Your Freight Forwarder Quoting the Job Accurately?

Posted by Matt Parrott on 9/28/18 1:20 PM

International shipping is a complicated industry, and some freight forwarders will take advantage of that complexity to win your business.

Read More

Topics: Freight Forwarding & Cargo Transportation

5 Things to Know Before Hiring a Freight Forwarder

Posted by Robert Kavanaugh on 9/19/18 1:33 PM

Procuring and managing the shipment of goods from all over the world is not easy. 

Read More

Topics: Freight Forwarding & Cargo Transportation

More to Read