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Advancing Your Success in San Antonio | See You at the NCBFAA in April

Last updated on April 10th, 2019Advancing Your Success in San Antonio | See You at the NCBFAA in April More than 600 industry members will be convening in San Antonio from April 14-17, 2019 at the National Customs Brokers & Forwarders Association of America (NCBFAA) Annual Conference. Will you be one of them? Our theme for the conference this year is “Advancing Your Success.” The conference promises to be an amazing event full of learning, collaboration and the opportunity to build lasting connections in our industry. Roanoke Trade will be playing an active role at the NCBFAA Annual Event. Monday will be a busy day as our own Karen Groff, President of Roanoke Insurance Group, presents the NCBFAA Scholarship Award during lunch, just after the keynote presentation. The scholarship is available to high school seniors or undergraduates at an accredited college or university. This is the 26th year that the NCBFAA and Roanoke Trade have promoted this scholarship competition as a way to further education in the transportation and logistics industry. Roanoke Trade is thrilled to announce that Ms. Irmak Sensoz is the proud recipient of a $5,000 scholarship for her essay titled “Impacts of the US-China Trade War.” Ms. Sensoz is the daughter of Gokskin Sensoz of NIT Logistics, Inc. Colleen Clarke is also participating on a “Trade Wars & the Role of the Broker” panel. Considering the turmoil in today’s international trade landscape, this is sure to be a spirited discussion. Don’t miss it! In addition, Roanoke Trade is hosting the Outdoor Hospitality Gatherings at the NCBFAA Annual Conference. Be sure to attend! Expect to have fun with old friends and new, and pick up a treat on us. You have a range of times to choose from for the Outdoor Hospitality Gathering: Sunday from 2:00 p.m. to 6:00 p.m. Monday, Tuesday and Wednesday from 4:00 p.m. to 6:00 p.m. If you can’t make the gathering, you can find us in the exhibit hall at booths 22 & 23. Please stop by to say hello and spin the wheel for prizes that we’re giving away at the booth. You can also enter a drawing for a $100 gift card. If you can’t make it to either the Outdoor Hospitality Gatherings or to our exhibit hall booths, we still want to see you – whether at the Annual Conference…
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Announcing the 2019 NCBFAA Scholarship Award Winner

Last updated on April 4th, 2019Roanoke Trade is thrilled to announce the winner of this year’s National Customs Brokers & Forwarders Association of America scholarship award.   Ms. Irmak Sensoz is the proud recipient of a $5,000 scholarship for her essay titled “Impacts of the US-China Trade War.” Ms. Sensoz’s outstanding work met or exceeded all of the requirements to receive the award.   [maxbutton id=”1″ url=”https://www.roanoketrade.com/wp-content/uploads/2019/03/NCBFAA-Scholarship-Essay-Impacts-of-the-US-China-Trade-War.pdf” text=”Read Ms. Sensoz’s Essay” ]   The award will be presented on Monday, April 15, 2019, by Karen Groff, President of Roanoke Insurance Group, Inc., at the 46th NCBFAA Annual Conference. Introducing Ms. Groff will be Anne-Marie Bush, the 2019  NCBFAA Annual Conference Chair   Our winner, Ms. Sensoz, is currently a high school senior in the Academy for Business and Finance at the Bergen County Academies in Hackensack, New Jersey.   She is already an accomplished young adult. Ms. Sensoz has been admitted to Georgetown University class of 2023 in the Early Action program. The accept rate for the program is only 12% of the approximately 7,800 that applied.   “Throughout my life, I have seen my parents work in freight forwarding and they have inspired me to continue work in international trade during my career path,” states Ms. Sensoz.   Ms. Sensoz’s essay examines the effects of the current trade war with China and the impact it may have on the entire U.S. economy, especially as it relates to the dollar, prices for American consumers, the investment market and the long-term outlook for monetary policy.   Ms. Sensoz’s motivation for writing about this topic was developed during her IB Macroeconomics class. Of all of the classes she’s taken, it taught her the most about her areas of interest. Specifically, international trade and foreign trade policy. Her class has discussed many aspects of the US-China trade war, particularly its causes and potential effects. This class has also inspired her to go into a field that deals with trade policy and economics.   During her spare time, she enjoys reading and writing and intends to read all of the great American classics. She is also an intern in the Office of Senator Cory Booker and on the Federal Reserve Challenge and debate teams in her school.   Her goal is to study Government and Economics and complete a minor in International Business Diplomacy…
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CBP Form 5106 – Create/Update Importer Identity Form

Absent any implementation delay, starting on March 17, CBP will begin using its new version of the CBP Form 5106. The new version differs quite significantly from the current version, and many of the changes, while optional, involve collecting more details about the entity. For those that file the form by mail/email with CBP, the Revenue Division will not accept the old version after March 17. For customs brokers that file the information through ABI, there is a hard cutover with no overlap. To assist the trade with identifying the changes to the form – particularly the newly required versus option fields – CBP has published the CBP ACE Information Notice. Your Roanoke Trade bond service team is here to assist you with any questions about the new form. Please call us at 1-800-ROANOKE with any questions.

Bond Sufficiency in the Current “Trade War” Environment – A Webinar in Partnership With Airforwarders Association

5 Steps to Managing Continuous Import Bonds in Today’s Trade War Environment Due to the dynamic trade environment, properly calculating the amount of a continuous import bond has never been more important. The higher tariffs have precipitated a spike in CBP-mandated increases to customs bond amounts. Fortunately there are 5 steps to better manage Continuous Import Bonds in today’s trade war environment. If you’re interested in learning more, then please join us. Roanoke Insurance Group is proud to partner with the Airforwarders Association (AfA) in delivery of a FREE AfA member webinar! The presentation is titled, Bond Sufficiency in the Current “Trade War” Environment. The presentation kicks off at 2:00 p.m. sharp on Thursday, March 14. Representing Roanoke is Colleen Clarke, Vice President of Surety Trade Relations & Business Development as well as the President of the International Trade Surety Association.   If you can’t make the webinar but still want the information, please contact us learn more.  

Risk Management Webinar – March 21, 2019

3 Risk Management Methods to Help You Avoid  E&O Claims | Free Webinar Managing risk is just as important as managing the growth of your company. To learn more, join us Thursday, March 21 at 12pm CDT for a free webinar. “How to Avoid E&O Claims Using 3 Risk Management Methods” features two leading experts in transportation liability insurance. Presenting the webinar will be Karen Rzeszutko, Vice President, Professional Liability with Roanoke Insurance Group, Inc. and Lenny Feldman, Operating Committee Member with Sandler, Travis and Rosenberg, PA. Click HERE to register today. If you’re a customs broker, property broker, domestic freight forwarder, international freight forwarder, or NVOCC then you’ll surely want to attend. Unfortunately you’re all aware of the substantial and costly legal claims that could result due to improper performance of your professional services. Karen and Lenny will delve into actual claims scenarios to illustrate key risk management methods. The webinar will kick off with a review of the most common E&O claims including: Negligent Selection of Carrier Improper Release of Goods Misdelivery of Cargo Misclassification of Goods Next they will review specific risk management techniques to boost compliance and minimize financial impact. Anyone attending will learn: The proper use of TERMS & CONDITIONS How to maintain STAFF AWARENESS How to sufficiently VET CARRIERS In addition to the key learnings, you will also earn NEI credits. This webinar has been approved for 1 CSS or CES/MES point. We look forward to seeing you and your team on Thursday, March 21. Please contact us if you have any questions in advance of the webinar.    

NCBFAA 2019

Last updated on March 14th, 2019‘Step Toward Success’ with the Roanoke team in San Antonio for the 46th Annual NCBFAA Conference! This important, yearly conference brings together more than 600 of the international trade industry’s top representatives from around the United States. Roanoke is also hosting the NCBFAA Outdoor Hospitality Gathering. We hope you can join us! Registration Information: April 14, 2019through April 17, 2019 Grand Hyatt San Antonio San Antonio, TXUSA Earlybird Registration Deadline: March 8, 2019 Advance Registration Deadline: March 22, 2019

CCBFA Panel Discussion – Everything You Wanted to Know About ATA Carnets But Were Too Afraid to Ask!

The CCBFA is hosting an ATA Carnet panel discussion on 2/28 from 2pm-4pm at the Topco Building in Elk Grove Village. This event will be led by CBP and some of the top ATA Carnet providers in the nation. Roanoke’s own Amanda Barlow is a presenter and will address all of your ATA Carnet questions. Put a face to the name! If you haven’t met your Roanoke representatives in person, you’re in luck! Our Chicago ATA Carnet Service Team and Sales Team will be on site attending this event! Earn NEI Credit. Attendees will receive 2 NEI Certified Export Specialist (CES) points.

Roanoke Speaks to Managing Transportation Risks

Many imported goods and materials are currently subject to increased tariffs resulting from the ongoing “trade wars.” The higher tariffs have precipitated a spike in CBP-mandated increases to customs bond amounts. In the first half of this session, learn how to eliminate the frustration of replacing bonds, avoid the risk of paying unnecessary  premium, and reduce the likelihood of having to obtain a larger bond again in the future. Customs brokers and importers are encouraged to proactively manage their import bonds on goods subject to the Section 232 and 301 increased tariffs by projecting the amount of duty paid in the next year. In the final part of the session, you will learn about the significance of cargo insurance when loss or damage occurs to cargo in transit. Even a robust risk management strategy, can’t prevent a loss from occurring and recovery from carriers is extremely limited. Carriers are liable only if they are considered negligent and they are not responsible for losses that are unforeseen or beyond their control. Examples of this include fire, heavy weather, earthquakes, acts of war, riots, and civil unrest… Without cargo insurance, in the event of a loss a cargo owner may only be indemnified for a small portion of what their cargo is actually worth. To learn how to manage these risks to your customs bond and cargo, please join us at the Advanced Topics in Customs Compliance Conference. We’re leading a session in the Advanced Exporters and Other Topics track. Colleen Clarke from Roanoke Insurance Group Inc. will be joined by H. Shane Garcia from R.W. Smith & Company to present on the topic, “Managing Bond Compliance and Transportation Risk” on Thursday, February 21 at 4:15 p.m. Find Us in the Exhibit Hall If you can’t make the talk, you can find us in the exhibit hall. Please stop by to say hello and drop your business card to enter our raffle for the chance to win a $50 Visa gift card! Also, we’d be happy to share key takeaways from Colleen and Shane’s presentation.

Happy President’s Day

In observance of the holiday, our offices will be closed on Monday, February 18th and reopen on the 19th resuming normal business hours. Happy President’s Day!

Happy New Year 2019!

The New Year is upon us, and on behalf of all of us at Roanoke, we wish you a joyous and prosperous 2019! Please be advised that our offices will close at 3pm on Monday, December 31st and will remain closed on Tuesday, January 1st. Normal business hours will resume on Wednesday, January 2nd.