Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Importer Security Filing: What You Need To Know

1,451 views

Published on

AFC International, LLC, a Customs Brokerage firm located in Atlanta, Georgia, explains the Importer Security Filing (ISF) regulation, recent changes to the regulation, and what you need to know when importing to the U.S.

Published in: Business
  • Login to see the comments

  • Be the first to like this

Importer Security Filing: What You Need To Know

  1. 1. (ISF) Importer Security Filing What You Need To Know
  2. 2. What is ISF? Importer Security Filing (ISF) Customs and Border Protection (CBP) regulation Affects ocean shipments entering the United States Regulations require importers to submit ocean cargo details electronically to the CBP
  3. 3. Why is ISF Needed? One Word: Safety Explain. ISF gives the Customs Border Protection a heads up when high-risk shipments are en route to ensure the safety of U.S. borders.
  4. 4. Types of ISF
  5. 5. Two Types of ISF 10 + 2 10 data elements needed to comply with regulations. Vessel Operating Carrier handles the +2: the vessel stow plan and container status messages. ISF 5 An importer of foreign shipments docking in the U.S. for a brief visit files these five elements.
  6. 6. Give Me The Basics All ISF filings are done electronically Corrections must be made before goods dock at U.S. ports Only the party submitting the filing can make changes
  7. 7. Recent Changes
  8. 8. The ISF has changed a lot since its birth in 2009. Here’s what you need to know: ISF’s “three strikes and you’re out” method is over. ISF filings heading into “extra innings” will be fined now. Citations given by the CBF for ISF infractions will result in fines. Changes You Need to Know
  9. 9. What if I Have a Filing Fail? You’re going to pay up if you receive a citation. How much? Up to $5,000 per violation and a maximum of $10,000 per shipment for every late or inaccurate filing.
  10. 10. Let a Customs Broker Help
  11. 11. The ISF and customs clearance process can be confusing to anyone. Working with a Customs Broker is the best way to ensure your documents are filed correctly and ISF penalties are avoided.
  12. 12. Our experienced Customs Brokers will oversee the entire import entry level process to make sure you stay compliant. 1.800.274.2329 http://www.afcinternationalllc.com custombrokerage@afcexpress.com Reference: http://www.afcinternationalllc.com/blog/102-importer-security-filing-2/

×