ISF 2013 - Importer Security Filing (ISF) Purpose & Practice

This trade compliance training on Importer Security Filing (ISF) requirements will highlight the data reporting elements for importers and vessel carriers to submit to CBP (Customs and Border Protection) pertaining to non-bulk cargo destined to the USA via ocean voyage.

Why Should You Attend:

US Customs and Border Protection (CBP) has given the trade community ample time to create an Importer Security Filing (ISF) compliance program and best practices procedures to avoid liquated damages and penalties. All parties engaged in importation into the United States must understand the fundamental aspects of the program and the risks associated with non-compliance. The ISF program requires importers to demonstrate reasonable care and to perform due diligence in their supply chain process. A company’s non-compliance can halt their supply chain, delay customer deliverers and increase their costs.

This 10 + 2 filing training program will walk you through the CBP regulation requiring importers and carriers to submit advanced data elements to CBP, 24 hours prior to foreign vessel loading for cargo shipments arriving to US. It will illustrate the information exchanged between the import trade community and CBP (US Customs and Border Protection). It will help attendees understand how to comply with the new ISF filing rule and how to avoid penalties involved, increased inspections and delay of cargo.

Areas Covered in the Webinar:

• Meaning & purpose


• Importer data requirements


• Carrier data requirements


• FROB, IE & T&E Shipments


• Responsible party to file


• Costs


• Exemptions


• CBP Progress Reports


• Penalties & Fines