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The trade community’s interest in ISF developments remains high. Considering the sweeping impact of this program upon brokers, importers, and others, this is no surprise. Has there been a great deal of ISF discussion over the past seven months? Yes. Have there been a many substantive changes? Not really. As a follow-up to an ISF enforcement update Roanoke prepared for its clients and colleagues late last summer, we have prepared a brief status report on ISF administration. Should you have any questions, please submit them via email to Dave Jordan at dave.jordan@roanoketrade.com so he may respond to you. Or you may contact your Roanoke service office […]
Despite the good-faith efforts of CBP officials, there continue to be many Importer Security Filing (ISF) related questions on the minds of the international trade community. Roanoke Trade has been extensively involved in the CBP and trade dialog on ISF via its representation in and interaction with COAC, the Customs-Surety Executive Committee, the International Trade Surety Association, the NCBFAA ISF Subcommittee, and a number of other organizations. We would like to share with you knowledge we have gained from those activities but – we wish to do so in a manner that respects your time. To achieve these twin objectives, we have prepared for you […]
Starting with Importer Security Filings (ISF) due on or after July 9, 2013, US Customs and Border Protection (CBP) will begin to use liquidated damages as an enforcement tool for compliance. For over 3 years, CBP relied on outreach, education, and port examinations for non-compliant ISF Importers. The information in this notice is based on the CBP ISF Regulations, CBP ISF FAQ’s, and public statements CBP has made to media outlets and to trade groups. ISF liquidated damages arise from the bond contract. Any ISF Importer with certain continuous bonds on file (Activity Codes 1, 2, 3, 4 or 16) automatically agrees to comply with all ISF requirements. […]
Dave Jordan of Roanoke Trade will be a presenter in a session at the 2014 WESCCON conference. His presentation will focus on STBs in eBond. Please plan on attending Saturday, October 18th from 11:00am – 12:15pm.
No Increase for Forwarder, NVO Bonds The Federal Maritime Commission’s proposed revisions to ocean transportation intermediary (OTI) rules have been amended to eliminate some mandates that were unpopular with freight forwarders and OTIs. Proposed bond increases, which met with industry pushback, have been eliminated from the FMC’s newest version of the guidelines. The June 2013 original proposal included increases in bonds: for freight forwarders—to $75,000, up from $25,000; for licensed non-vessel-operating common carriers (NVOCCs)—to $100,000, up from $75,000; and for registered foreign-based NVOCCs—to $200,000, up from $150,000. A new OTI proposal containing no bond-requirement increases is expected to be released […]
Join us for a complimentary webinar on Tuesday, October 14th from 11:30am – 12:30pm CT In August 2014, Roanoke held a complimentary webinar for its clients on eBond. We are reprising this webinar for those who missed it or would like to attend again. In this presentation, we will provide a variety updates since our last webinar, not limited to: • How ACE and eBond will impact your current ABI processing • How your software provider must be involved to assist in the seamless and efficient transfer of bond data to Roanoke for bond issuance • Why your thorough understanding of the […]
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