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'Trade Update from Trade Innovations, Inc.'

'Trade Update from Trade Innovations, Inc.'

CBP Delays Residue Rule Enforcement

CORRECTION to the Trade Innovations Trade Update published on July 7, 2010. U.S. Customs & Border Protection (CBP) has reversed their decision to fully enforce the empty container residue rule that basically requires every gram of waste returned in an empty container to be reported.

The Trade Innovations web site will be updated if CBP once again reverses their decision and moves forward with new deadlines for enforcement.

Trade Innovations apologizes for this error and any inconvenience it may have caused.

'Trade Update from Trade Innovations, Inc.'

'Trade Update from Trade Innovations, Inc.'

ISF Enforcement Next Phase

We have received our first official report from an importer who experienced cargo being detained at the port of entry for no Importer Security Filing (ISF) on file. This is the first sign that U.S. Customs & Border Protection (CBP) is ratcheting up the enforcement of ISF one more notch. The notification came in the form of a letter from CBP stating that the cargo would not be released until the ISF was filed.

We have not heard of any penalty or liquidated damage cases as of yet and CBP continues to be tolerant on accuracy and timeliness issues. We highly recommend that importers take one more look at their customs compliance program covering ISF and ensure that all of the bugs have been worked out. By now all importers should have received a copy of the ISF Performance Report from CBP, either directly or via their customs broker.

Later today I will be speaking to a good friend at CBP in Washington and will report much more in our monthly newsletter on this development. You can sign-up for our newsletter by visiting:

'Trade Update from Trade Innovations, Inc.'

'Trade Update from Trade Innovations, Inc.'

Importer Security Filing (ISF) Penalties

We are now beginning to hear rumors that U.S. Customs & Border Protection (CBP) has begun to issue liquidated damage claims for failure to file an Importer Security Filing (ISF). We are working to confirm this information and will report more in the June Trade Update.

In the meantime CBP has not publicly announced when they will move to the second phase of their escalated enforcement strategy which will most likely include penalties and liquidated damages ($5,000 per incident) for accuracy and timeliness. They continue to be plagued by bill of lading matching difficulties.

'Trade Update from Trade Innovations, Inc.'

'Trade Update from Trade Innovations, Inc.'

'Trade Update from Trade Innovations, Inc.'

'Trade Update from Trade Innovations, Inc.'

C-TPAT Webinar Today

Trade Innovations will host its first Customs-Trade Partnership Against Terrorism (C-TPAT) Webinar today, March 4th at 1:00 pm (central time). A number of participants have signed-up for this important event. Companies who are thinking about joining C-TPAT or who have been notified of a Validation are ideal candidates for this informative event. For more information on the Webinar or to register please visit the Trade Innovations web site at

'Trade Update from Trade Innovations, Inc.'

'Trade Update from Trade Innovations, Inc.'
Visit the Trade Innovations web site for the latest edition

Importer Security Filing (ISF) Enforcement Strategy

U.S. Customs and Border Protection (CBP) has a new internal document that depicts and sets forth their graduated enforcement strategy for the Importer Security Filing (ISF). While the document will not be published CBP has offered a verbal overview of the content. For further information please read my most recent article on ISF by following this link: www.tradeinnovations.com

Importer Security Filing (ISF) Talking Points

U.S. Customs & Border Protection's (CBP's) Dallas Field Office issued a document called Importer Security Filing Talking Points. This document is as close as we have seen CBP come to putting their escalated enforcement plan in writing. To download a full Adobe copy of this document please visit the Trade Innovations, Inc. web site at http://www.tradeinnovations.com.

Importer Security Filing (ISF) No Enforcement Delay

The rumors of a delay in the enforcement of U.S. Customs and Border Protection’s (CBP’s) new Importer Security Filing (ISF 10+2) CBP are running rampant in the industry. Contrary to this belief, CBP will move forward as announced at the Trade Symposium in December with the first phase of ISF enforcement on January 26, 2010.
CBP plans to deploy a graduated or escalated enforcement strategy first dealing with consignments arriving on U.S. shores without having had an ISF filed. According to well-placed sources at CBP, there will be no monetary penalties issued during this first phase which is anticipated to last for three (3) months.

So, beginning on Tuesday of next week CBP will detain or otherwise delay the release of imported maritime cargo arriving in the U.S. without having had an ISF filed against it. This strategy is consistent with their reasonable informed compliance approach.

Importers who are currently filing or just beginning to file their ISF’s have, at a minimum, a three-month reprieve before they can expect the penalty notices for untimely or inaccurate ISF’s to start arriving. Instead of penalty notices however, CBP indicated that importers with these issues may start receiving Warning Letters from CBP.

For more information on ISF please visit TRG Direct at www.trgdirect.com or Trade Innovations at www.tradeinnovations.com.

Importer Security Filing (ISF) One Week to Enforcement

If you or your company has ocean borne (maritime) cargo bound for the United States, you have exactly one (1) week from today to begin filing and complying with U.S. Customs & Border Protection’s (CBP’s) new Importer Security Filing (ISF) requirement.

The new rule and regulation has been in place since January 26, 2009, in an “unenforced” phase-in mode. On January 26, 2010, one week from today, CBP will begin aggressively enforcing the new rule and all cargo in the maritime domain will require that an ISF be filed no later than 24 hours before the vessel departure at origin. CBP has been adamant that ocean consignments arriving after January 26, 2010, without an ISF having been filed will be detained or otherwise delayed and could also be subject to a penalty of $5,000 per shipment.

If you are just getting around to establishing your ISF program, I highly recommend you consider TRG Direct (www.trgdirect.com). They are the preeminent ISF experts and can not only help you innovatively design your program, but can have your company direct-filing their ISF’s in 24 hours or less. Leveraging all of the functionality in TRG Direct’s highly intuitive completely web based system it will literally take seconds for you to file an ISF. TRG Direct’s best-in-class ISF solution is flexible and allows you or other designees to sign-on anywhere there’s an Internet connection 24 hours a day, 7 days a week. By direct-filing your ISF’s your company will benefit from added control, increased supply chain visibility and you’ll save up to 90% off of standard market rates.

Importer Security Filing (ISF) Day of Reckoning Nears

With a matter of days to go before US Customs & Border Protection (CBP) begins full enforcement of the Importer Security Filing (ISF) I am busy crafting an article for the International Business Training (http://www.i-b-t.net/) before the clock strikes twelve on January 26th. It is currently being edited into final form and will be published shortly on IBT's site, the Trade Innovations web site (http://www.tradeinnovations.com) and on this Blog.

I am an ardent and passionate supporter of the concept of importers direct-filing their ISF's. As such we suggest that you check out TRG Direct (http:www.trgdirect.com). By preparing and filing the ISF yourself, your company can gain greater control, enhance visibility and most importantly save up to 90% off the rates charged by customs brokers and forwarders. Using all system functionality you can literally get the process of filing an ISF down to seconds.

Check them out, the system is fully web based, easy to use and highly cost effective for filing ISF's. TRG Direct is your one-stop shop for ISF, they're experts and can have your company up and running in 24 hours. Their clients have been filing ISF's since day one and their system is widely hailed as best-in-class. Visit TRG Direct at www.trgdirect.com or Trade Innovations at www.tradeinnovations.com for further information.

Welcome...

Hello, thanks for stopping by to the Trade Innovations Speaks Blog where my business partner Kelby Woodard and I will espouse and otherwise share our opinions on the many facets of our industry. We hope that you find this Blog and the postings contained herein useful, informative and entertaining.

Best Regards,

Mike Laden and Kelby Woodard
Trade Innovations, Inc.
Visit our web site at www.tradeinnovations.com