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Cathy Chou
Director, Administrative and Compliance
Dimerco Express (U.S.A.) Corp.
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Industry Providers

Glossary of Shipping Terms

The Maritime Administration has issued a glossary of shipping terms. To view and/or download it, go here
 

NICB 2010 Report on Cargo Theft

In a new report, the National Insurance Crime Bureau (NICB) identified 747 incidents of cargo theft in 2010, totaling more than $171 million.

California topped the nation with 247 theft incidents, followed by Texas with 91, Florida at 66, Illinois at 56, Tennessee with 40 and Georgia at 39.

The NICB noted that major cities such as Los Angeles, Dallas, Memphis, Chicago and Atlanta have extensive cargo and transportation facilities, which provides thieves with easy access to large amounts of cargo.

Electronics, food and clothing were the top three commodities stolen in 2010.

In comparison to other organized crimes, thieves view cargo theft as “low-risk,” the NICB said. There’s also a potential for high profits, since most goods can be resold online, at flea markets and overseas.

According to the NICB’s report, most thefts happen within 200 miles or four hours of the driver’s starting point. Criminals follow drivers and steal the cargo within five minutes after the driver stops.

Another growing trend is fraudulent pickups, where thieves access load information online, impersonate a legitimate carrier and secure a contract for transport. After the goods are stolen, the fraudulent driver and fake trucking company disappear.

The NICB provided several tips to help reduce cargo theft, such as pre-employment screening, personnel training, obtaining in-transit security and periodic supply chain audits.

The full report can be found here .

This article was originally published by Avalon Risk Management in their monthly newsletter, The Quest. Avalon is an industry leader in providing cargo insurance.

 

Rate Tariffs, NRA's and NSA's: Which is Right for You?

Rate Tariffs, NVOCC Negotiated Rate Arrangements and NVOCC Service Arrangements: Which is Right for You?

Neal M Mayer

Neal M. Mayer

Hoppel, Mayer & Coleman

Washington, DC

www.internationalmaritimelaw.com

INTRODUCTION

NVOCCs have competed for business by charging rates that are required to be published in rate tariffs and imposing charges that frequently are published in rules tariffs that must be made available to the public.  The Federal Maritime Commission has also adopted regulations that allowed NVOCCs the ability to enter into NVOCC Service Arrangements that are the equivalent of service contracts used by ocean common carriers with their shippers. Effective April 18, 2011, the Commission has introduced, for licensed NVOCCs, the option of establishing rates through Negotiated Rate Arrangements called NRAs.

The issue for NVOCCs and shippers is when to use tariffs or NRAs or NSAs. This brief paper discusses the regulations and major benefits and detriments of each approach.

 

COGSA vs. Carmack Amendment

By Cameron W. Roberts and Andrew D. Kehagiaras


In Regal-Beloit, K-Line issued a through bill of lading for carriage of goods from China to the United States, by sea and by rail. The bill of lading included a Tokyo forum selection clause, under which a claimant would have to file any lawsuits against K-Line in Tokyo, Japan. Under the bill of lading’s “Himalaya clause,” K-Line’s subcontractors could also enforce the forum selection clause. The bill of lading also extended the application of the Carriage of Goods by Sea Act (“COGSA”) to cover the inland transportation.

 

M&A--culture clash dooms deals

As Published in the Boston Globe 4/4/04
By Diane E. Lewis, Globe Staff, 4/4/04

Corporate marriages invariably give rise to one question: How to unite two different cultures without sabotaging the merger?

 

Glossary of Import Terms

Acronyms

* Commerce Control List (EAR) reason for control

 

M&A Tax Strategies

CPAs can maximize the tax benefits for their clients through careful tax structuring of the selling entity; transferring the selling entity’s assets; and properly allocating the purchase price among sold assets, intangibles and employment agreements.

The following are some available tax strategies for buying and selling a business.

 

Tips on reducing liability exposure when hiring motor carriers

By Avalon Risk Management

Increasingly, shippers are holding transportation brokers liable for loss or damage to their freight. Third parties are also asserting that brokers are responsible for property damage and bodily injury when accidents occur. Claimants often allege that the broker breached its responsibility by failing to investigate a carrier’s safety record, claims history and insurance status. Plaintiffs may also argue that the broker and carrier are either one and the same or have more than an agency relationship. The latter argument will likely center on the control that the broker exercised over the shipment contributed to the loss.

How, as a transportation broker, can you protect yourself?