Paul Marshall’s Post

Cross Border B-1 drivers offer incredible value to US/Mexico/Canada or what we now call USMCA trade. So much so, I point out in the following article that insurance markets who have historically denied B-1 risks are changing their appetite: https://lnkd.in/gTB9NxWh

Is paying the lowest price for services to be executed through unethical means really worth it? Shippers, Carriers and brokers alike have been participating in a lot of Illegal activity lately. It appears to be the case at an alarmingly increasing rate. Just ask CHRISTOPHER MCGREW It’s not the usual double brokering and Theft, among other things. No It is an unscrupulous theft that isn’t so blatant. One that steals from the American Trucker, Broker and Shipper, where in all 3 participate. Not to mention our country and public in general. What is it? It is the use of foreign drivers to actively and illegally transport freight in this country. These drivers typically dont: 1.Pay taxes Here-or spend the money here(stealing from the country and gen. Public) 2.) Adhere fully to American laws and standards.(I know Mexican drivers that literally PAID FOR THEIR LICENSE). No DOT Med sometimes no drug testing. 3.) Get paid an American wage( leveling out the playing field for organizations that do) The list goes on. How is it theft? 1.) Any Carrier, broker and or shipper that illegally participates mainly does so to pay DOGSH*T, which berids a competitive market. Therefore stealing the opportunity from the average worker and business owners to properly pay and receive respectable wages for the services they offer. The market gets Grossly undercut pushing rates further below already unsustainable rates. Everyone loses in the long run. While there is some short term gratification. The same old saying stands True. The bitterness of poor service stays long after the sweetness of low price. Don’t be a part of the problem. I’ve seen Brokerages get a lot more stringent during onboarding it is a little more work but GOOD. We been asked” is it an American driver, do they even speak English” “Prove the driver is insured” Among other things, which for us is Great. These people usually pay good, I hope they get paid even better🤝 We operate right by the border we see these things first hand and I can guarantee we will never participate. Respect the law! If a foreign driver comes into the country with freight they need to see their way out, not hog US to US freight from everyone trying to make a honest living. It’s already hard enough out here🤷🏽♂️ #Trucking #America #Freightissues #Flatbed #foreign

Learn about the differences between CIF and FOB international trade agreements and the advantages and disadvantages they pose for sellers and buyers.

Every carrier has at least once encountered delays at customs or damage to goods during delivery. That is why it is so important to always insure cargo before shipping. The following aspects will be considered in the new article: — what are the types of insurance contracts for cargo transportation; — what does the cost of cargo insurance depend on; — how to protect yourself from risks, customs problems and other unforeseen circumstances. Read at the link: https://lnkd.in/gKFt-YwD

𝐂𝐡𝐢𝐥𝐥𝐞𝐝 𝐭𝐨 𝐏𝐞𝐫𝐟𝐞𝐜𝐭𝐢𝐨𝐧: 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐂𝐫𝐨𝐬𝐬-𝐁𝐨𝐫𝐝𝐞𝐫 𝐓𝐫𝐚𝐝𝐞 & 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐨𝐨𝐥 𝐖𝐢𝐧𝐞 𝐂𝐚𝐬𝐞 The case of Cool Wine revolves around a high-value cross-border shipment of 22,176 bottles of premium French red wine transported in a 40-foot refrigerated container. This consignment, handled by Batavia B.V., a Dutch wine exporter, and destined for CentreShop Ltd., a food retailer, emphasizes the critical requirements for temperature control and strict documentation standards to meet trade and financial obligations. The trade, facilitated through the FineWineB2B network, involves complex documentation to ensure compliance with the Letter of Credit (L/C) issued by SBD Bank for payment risk mitigation. The L/C mandates the presentation of specific documents, including a trade contract, purchase order, commercial invoice, certificate of origin, packing list, bill of lading, and certificate of transport insurance, all verified and digitally signed on XC4.trade, a secure platform for trusted trade documentation exchange. To safeguard the quality of the wine, the shipment's internal temperature must not exceed 18°C, monitored by an IoT device integrated into the container. Any breach of this condition triggers a report to the metadata of the Transport Insurance Certificate, digitally signed by the IoT device to ensure authenticity and traceability. The entire documentation flow is controlled electronically, ensuring compliance with ML-ETR requirements and maintaining exclusive control of each document. The involvement of multiple stakeholders, including logistic providers, insurers, and banking institutions, underscores the need for rigorous due diligence and comprehensive documentation management. The documentation is safeguarded within XC4.trade to ensure transparency, accountability, and adherence to international trade finance standards, with provisions allowing limited access based on data sovereignty principles. In the event of a temperature violation or transport delay, CentreShop Ltd. is protected by financial mechanisms, including insurance claims and a penalty clause for late deliveries. 𝙃𝙤𝙬 𝙈𝙋𝙂 𝘾𝙖𝙣 𝙃𝙚𝙡𝙥 MPG offers unparalleled expertise in cross-border trade, trade finance, and compliance to support businesses involved in complex transactions. MPG can assist clients in navigating intricate documentation requirements, ensuring adherence to international trade standards, and mitigating risks through tailored legal advice and compliance strategies. Our team can help structure Letters of Credit, manage end-to-end documentation flows, and liaise with financial institutions to secure seamless pre-checks and approvals. #CrossBorderTrade #TradeCompliance #WineImport #TradeFinance #SupplyChain #LetterOfCredit #InternationalTrade #RiskMitigation #TradeDocumentation #MPG #GlobalBusiness #TradeSupport #MahanakornPartnersGroup #MahanakornPartners

BROOKLANDS NEWS 📰 DID YOU KNOW ❓ From 15 December the UK has entered a free trade agreement under membership of the Trans-Pacific Partnership. This means most commodities can be traded free of import duties with Chile, Japan, New Zealand, Peru, Singapore and Vietnam. DO YOU INSURE YOUR EXPORT AND IMPORT CONSIGNMENTS✈️ A recent survey showed that only around 20% of companies exporting or importing insure their goods in transit. The reasons given ranged from ‘we thought insurance was included in the freight charges’ to ‘we have shipped for 20 years and never had a problem’. Most people insure their houses even though they have never had their house burn down. THE RISKS ARE LOW 🚢 True - e.g. about 1400 containers are lost at sea in an average year. As around 9.7 million were shipped to/ from the UK this is a small number, but wouldn’t be consolation should yours be one of the unlucky ones. GENERAL AVERAGE 🚚 Not many people are aware that a line can declare General Average if a ship has to be rescued or recovered from an accident. In 2021 the Ever Given became stuck in the Suez Canal. The cost of rescue was $540,000,000 – the owners declared General Average – this obliges the cargo owners to contribute to the costs in proportion to the value of the cargo. In practise, it means the line will not complete delivery until payment is made or a suitable guarantee is given – i.e. from a financial body. By insuring shippers are covered should a General Average be called. The cost of insurance is a small percentage of goods value and really should be incorporated either by way of shippers taking their own policy or Brooklands can place individual covers with Lloyds of London Underwriters.

As a company focused on food exports, we understand the importance of the shipping process. The insights in this article directly address the concerns we all face in international transportation. #ContainerShipping #Logistics #Freight #SupplyChain #ShippingSolutions #BusinessTips #CargoSafety

What's in your freight forwarder insurance policy? From cargo damage to customs delays, ensure you're covered. Knowing what's included—and what isn't—can save your business from unexpected costs. Here's what you need to know: https://bit.ly/3XfpdLh #freightforwarders #freightforwarding #logistics

Shipping Container Insurance Are you a Freight Forwarder, a Shipping Agent, or a C&F Agent involved in Export, Imports or Domestic Transit? Does your Business involve Shipping Companies Leasing or Renting Containers to your Company to load Cargo in the Container for transport? Did you know that you may be liable for the Damage to Container itself? Shipping Containers could get damaged either in a simple Overturning while Loading or Unloading or even a small Collision. Another possibility is that the Carrying Ship might get involved in an Accident or Collision resulting in Container Damage. These Containers are expensive and any sort of Container Damage would involve Financial Penalties to be paid to the Shipping Company for this risk cover special container policy #shipping #logistics #forwarder #shippingagent #freightforwarder #supplychain #transporter for more details: visit : https://lnkd.in/dU92WaF3 connect: 7738391446

Let’s talk about "Freight Brokers" and why they always seem to be a target of negativity. Today, I picked up a load from Bay Valley Foods that my client purchased from a Food Broker, Loman Brown. This is common among smaller manufacturers who MUST use brokers because they don’t have the buying power that larger companies have. There are so many kinds of brokers. Cruise, food, fine art, jewelry, and the list goes on and on. Pharmaceutical Broker - My neighbor in FL is one. He makes a damn good living buying at wholesale direct from the manufacturer and selling to smaller independent pharmacies that are too small to purchase direct. Cruise Broker - I never knew this existed, but they do. I met a guy. Buys bulk of rooms from cruise lines (300 to 500) at a discount and resells them to groups like churches and family reunions. Makes 25-30% margin and works 20 hours a week. He was just on his 193rd cruise. His website is: https://ahoy-cruises.com/ Food Brokers - I work with four directly. I work with a salt broker (trader) who buys salt from US Salt in hundreds of truckloads at a time. Sells to smaller food manufacturers that can’t get good pricing. Makes .10 a pound or $4200 per FTL. Another guy I work with buys from Tyson. Sells to smaller independent grocers who are too small to buy from Tyson Direct. Flips .10 to .20 or more per pound FOB. Money Broker - An intermediary who arranges short-term loans, usually large amounts, for borrowers in the U.S. Stock Brokers - Financial professionals who buy, sell, and trade financial securities for their clients. There is a chance that many who read this have one. Produce Broker - My buddy Max Cutler, Geoffrey Cutler, and his father, Harris Cutler, source and resell produce. They are a great company with branded goods, but they only sometimes grow the stuff they sell. Chances are that the everyday things you own, buy, and consume are handled by a broker, who profits from their services. Chances are that a carrier uses an insurance broker to shop for the best rates or a real estate broker when looking for a yard or warehousing. Freight brokers do the same thing as all the brokers I have mentioned, but we are the ones who get hated and are called greedy and unscrupulous. #themoreyouknow