For those of you who have forgotten, or maybe never knew – Importer Security Filing (ISF) was a critical regulation passed by US Customs effectively beginning in January 2010. ISF requires that all ocean cargo inbound to the US must have certain data elements included in the filing process, prior to allowing entry into the US. This information also must be submitted no later than 24 hours prior to cargo being laden aboard the ocean vessel. Briefly, the data elements included in ISF are:
The ultimate responsibility to file this information lies with the importer, although upwards of 90% of the filings to date are actually done by customs brokers.
Of note, and something that we are very proud of is the fact that LEGACY Supply Chain Services is trending well above the national average in terms of ISF compliance. This directly results in a smoother customs entry process for our clients, and also minimization of financial penalties to the importer. The current national average shows that 92% of all inbound shipments are within compliance according to the NCBFAA (National Customs Brokers & Forwarders Association of America). That 92% is based on over 3 million filings done in 2011 alone. LEGACY currently stands at a 98.6% compliance rate, with over 98% of our individual clients running at 100%.
We can directly attribute this success to our CHB team in our San Francisco office, our leading edge customs brokerage/ISF information system, and the strong relationships and communication channels we build with our clients. For more information or to learn more about ISF, please visit the Customs & Compliance section of our website.
Some key tips importers of goods into the US can follow to help ensure ISF compliance:
These simple steps will help all importers stay in compliance with ISF, and minimize the chance for incurring hefty fines and clearance delays. The fines by the way start at around $5000 per instance- so you want to make sure you are compliant…
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