Friday, August 1, 2008

10+2 ISF: Are you ready?

10+2 Importer Security Filing is a proposed rule by Customs and Border Protection which requires that importers or their agents and carriers transmit additional data elements to CBP for non-bulk cargo 24 hours prior to vessel lading; 10 from the importers and 2 from the carriers. 10+2 Importer Security Filing is proposed to have its final ruling in the coming months. Below is a best guess estimated timeline based on information provided by CBP as well as a list of the additional data elements Customs will require the importer to file. Until the final ruling is passed, there are many unknowns and speculations as to how the ISF will catapult changes to many of the other areas in the trade community.
The approval and implementation of 10+2 is just around the corner, but we are going to make this easy for you! TRG Direct is YOUR solution. Brokers will be increasing their fees with the new data element requirements even though you will still be the one providing them with the information. Since you (the importer of record) are ultimately responsible, NOW is the time to take control of your import compliance.
YOU are ultimately liable for the accuracy of the data transmitted to customs
YOU provide your broker with the information to file the entry
YOU have the legal right to file your entries without the added cost of a customs broker
YOU need to take control of your import integrity
Contact us for more information!

www.TradeRiskGuaranty.com

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