US Customs has announced a free webinar on the recently launched Post Summary Correction (PSC) functionality in ACE. As reported in this blog on May 9, PSC functionality became available in June for entry ACE type 01 and 03 summaries filed in ACE. One of the notable benefits of this new functionality is an importer’s ability to file electronic PSCs in ACE up to 270 days after the date of entry (currently 10 days if filing in ACS rather than ACE).
The webinar is scheduled for next Thursday, September 1, from 1:00 – 2:30 PM EST. Although CBP issued FAQs on the new functionality (see our blog post of July 19), it is reaching out to the trade to submit questions in advance of the webinar to focus the presentation on key issues of concern.
Register for the webinar here.
As reported on this blog back in March, many in the trade predicted a shortage of containers and a resultant freight rate increase for 2011.
Now, however, Alphaliner, a market analyst for the liner shipping industry, foresees no container shortage during peak season. As reported in the Journal of Commerce, the primary reasons are that “[l]easing companies and ocean carriers have ordered sufficient numbers of new containers during the last 12 months, while demand growth has failed to match earlier projections.”
In addition, Alphaliner indicates that falling demand has caused “prices for new TEU dry containers drop from $2,900 at the beginning of the year to less than $2,500 per TEU.”
See the full article here.
US Customs has announced that QX/WX air in-bond functionality for ABI, set to launch on August 8, has been delayed once again.
The agency originally planned for the functionality to launch in 2009, and then later in 2010. Now, this week’s launch has been postponed due to technical issues. Although the functionality was launched in production, it has been disabled until a fix can be deployed.
See CBP’s official notice here.
US Customs has just issued its July 2011 ACE Trade Account Owner Update.
- Next ACE Release: e-Manifest: Rail and Sea.
- Given the success of e-Manifests: Trucks, CBP will allow rail and sea carriers to transmit electronic manifest data to ACE (in accordance with Customs’ plan to replace AMS with ACE; CBP expects ACS to be decommissioned for rail and sea manifests by July 2012)
- Trade testing successfully completed; trade pilot to begin in September, with port rollout in Baltimore, Buffalo and Brownsville to follow in October
- Deployment will provide numerous benefits to the trade, as well as new rules and edits.
- New ISF capabilities deployed on July 13 – See our previous blog post for more details.
- Cargo Release Update – CBP has completed specifications documents, which are now under formal review; design and acquisition phase expected to commence in early 2012.
The ACE Trade Account Owner Update is available here.