April 29, 2015 | Customs Bonds, Industry Insights

It’s Time to Embrace ACE

Share This:
Featured Image

On April 22, 2015, CBP released CSMS #15-000234, reminding the trade that all filers must be fully prepared to use ACE by November 1, 2015.

Roanoke Trade encourages all filers to speak with their Automated Broker Interface (ABI) software providers without delay to ensure their systems will be ready…before it’s too late. Don’t leave your company at a competitive disadvantage for not preparing sooner.

It would be difficult to overstate the urgency of the need to be fully prepared for this landmark event in the history of the Customs Commercial Process. CBP is unwavering in their determination to fully implement the ACE entry/entry summary process (and “turn off the switch” on ACS once and for all) without further postponement of deadlines. Brokers who are fully ACE-ready will be positioned to lead their industry in the 21st Century marketplace. Those who are not will find their very livelihood jeopardized by this change.

Did you know? Roanoke Trade can work with your ABI software provider on eBond for single transaction bonds. Why double-key your bond data into your ABI software and FastBond™? Consider automating the process. Contact us at fastbond@roanokegroup.com to learn more.

Share This:

Related


Important CARM Update for Customs Brokers and Importers

On March 27th, the CBSA held a Trade Chain Partner Working Group meeting and announced the following changes related to CARM’s Release 2 (“R2”), coming May 13, 2024: The minimum bond amount requirement will change from $25,000 to $5,000 for all importers with the implementation of R2. The maximum bond amount will remain capped at $10,000,000 per RM account. As a reminder, the bond amount will be calculated at 50% of the highest month of duties and taxes (including GST and all debts/accounts receivables) over the previous 12-month period. CBSA cannot keep up with the paper bond filings (we have […]

Canada, Customs Bonds

Managing Potential 2025 Tariffs: A Guide for Importers and Customs Brokers

By: Dennis Gates, Regional Vice President Northeast Region The announcement of potential tariffs has sparked concern across industries. In November 2024, the U.S. President-elect proposed a 25% tariff on imports from Canada and Mexico. This move could significantly disrupt trade, particularly for goods previously duty-free under the U.S.-Mexico-Canada Agreement (USMCA). For importers and their customhouse brokers, these tariffs could bring significant financial and logistical challenges. Understanding the Potential Impact These proposed tariffs may affect a wide array of goods, from raw materials to finished products. Importers need to understand how these changes could increase costs, strain supply chains, and lead […]

Customs Bonds

Regulatory Defense: Your Strategic Advantage Against Enforcement Actions

By: Lenny Feldman, Managing Partner at Sandler, Travis & Rosenberg, P.A. With the government’s continued emphasis on enforcement, it has become mission-critical for parties engaged in international trade to set their strategic offensive in place through programs such as “regulatory defense. “The administration continues to issue executive actions and regulations that increase trade enforcement by stepping up the collection of section 301, 232, and 201 tariffs as well as antidumping and countervailing duties and the prosecution of trade and customs laws violations, particularly in the de minimis space. Additionally, federal agencies have issued regulations and decisions underscoring the need for […]

Customs Bonds

Roanoke is the leading provider of insurance and surety solutions for transportation and logistics providers. In fact, we are recognized as the most reliable source for U.S. customs bonds.

Contact

If you have any questions or need help, feel free to contact with our team.

800-762-6653
US Flag

US CORPORATE HEADQUARTERS

1501 E. Woodfield Road

Suite 400W

Schaumburg, IL 60173


Canada Flag

CANADA CORPORATE HEADQUARTERS

390 Bay Street

Munich Re Centre, 22nd Floor

Toronto, ON M5H 2Y2

Solutions that Go the Distance.

© 2024 Roanoke Insurance Group Inc.

Better Business Bureau logoCoverholder at Lloyd's logo