| MWTA Program I: Compliance 10+2; Are you ready for the Penalty Phase? |
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Import Compliance is always a Hot Topic! The U.S. Bureau of Customs and Border Protection's (CBP) Importer Security Filing (ISF), or 10+2 rule, will become enforceable with penalties effective January 26. Are you prepared? If you are currently importing or you may have future opportunities to import products from outside the US, this Program I is for you!
Program I : Speakers: Robert Gardenier from M.E. Dey and Monica Tomasino from Cooper Power Systems Given that the penalty phase for compliance with 10+2 will be in effect shortly before this program, let's take advantage of what the local experts have to tell us. Both a veteran Customs Broker/Forwarder and an experienced Importer will provide a well-rounded education program, including sharing of their best practices. Whether you are quite familiar with the program or are just learning about it, this Program regarding 10+2 Compliance is sure to be worthwhile. A Brief Background regarding 10+2:The 10+2 program requires both importers and ocean carriers to electronically provide U.S. Customs and Border Protection with advance notification for all ocean vessel shipments inbound to the U.S. The ruling states that all Importers are required to submit 10additional pieces of data 24 hours prior to vessel departure from the foreign port (1) manufacturer/supplier name & address (2) seller name & address (3) container stuffing location (4) consolidator name & address (5) buyer name & address (6) ship to name &address (7) importer of record number (8) consignee number (9)country of origin (10) commodity HTS number. In addition, the Ocean carriers are required to submit 2 pieces of information: (1) vessel stow plans with details regarding loaded containers (2) container status messages identifying movements or changes in load status.
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