In February, President Obama signed the Trade Faciliation & Enforcement Act — a/k/a the Customs Reauthorization Bill — into law. The legislation does much more than simply reauthorize US Customs, and several provisions will have an impact on brands and retailers.
Join OHL’s Mary Jo Muoio, Senior Vice President of Trade Services, and Penny Ricas, Vice President of Global Account Management, as they dive deeper into the TFTEA with a focused review of the legislation’s process simplification provisions.
CBP, along with trade working groups, have developed over 60 recommendations to improve the import process starting from the vetting of Trusted Trader programs, to filing an entry summary, the finalization of drawback claims, to liquidating entries. Hear about these concepts and consider how they can impact your business.
This webinar will be eligible for CCS credit by the National Customs Brokers & Forwarders Association of America (NCBFAA). Please provide your identification number when you register if you would like to receive the credit.
This webinar will be recorded and distributed to everyone who registers.
Today, June 30th, 2016 2:00 PM through 3:00 PM Eastern
Beginning July 23, 2016, trade parties will be required to submit electronic entries and entry summaries for additional entry types to the Automated Commercial Environment (ACE). Electronic entries and entry summaries associated with the following entry types will be accepted and mandated in ACE: 02, 07, 12, 21, 22, 31, 32, 34, and 38.
Filing of electronic entries and entry summaries associated with entry types 06 and 23 were previously mandated in ACE if they did not include quota merchandise. Filing of these transactions with quota merchandise will also be mandated on July 23, 2016.
For more information on the timeline and implications of the cutover from ACS to ACE for quota, visit CBP’s ACE Features Page. The Quota Information Notice can be found here.
The first ship that made it through the locks and completed the 50-mile journey from Atlantic to Pacific was the Chinese-owned Cosco Shipping Panama
85 percent of the 166 reserved crossings scheduled for the next three months are for container ships. Container cargo accounts for nearly 50 percent of the canal’s overall income
However, factors that can negatively affect the canal’s traffic and include global shipping due to the drop in oil prices, an economic slowdown in China, which is the canal’s second-largest customer, and other factors that have hit the waterway’s traffic and income
SOLAS will become effective next week. There has been a flurry of compliance processes and requirements published by Vessel Carriers, NVOCC’s and Marine Port Terminals. NCBFAA continues to collect and post these notices keeping in mind many are changing as we speak. We are seeing an interesting trend develop which may change previously posted notices.
On June 16, 2016, the Federal Maritime Commission publically and strongly encouraged the ocean carrier community to accept already available weights as provided by the Marine Terminals to lessen the burden on shippers. The notice further supports the Coast Guard’s position that the United States currently complies with providing accurate weights, the ultimate purpose of SOLAS. The full notice is available here.
OCEMA, an association of 19 major carriers have released a statement supporting the use of terminal scales to obtain the Verified Gross Mass (VGM). This change of heart has come about due to tireless efforts of our NCBFAA Counsel, officers, committee members and other associations, including the shipping community.
While this is a wonderful trend, it does not mean that shippers are not required to provide the VGM to those carriers and marine terminals who haven’t yet agreed to weigh and accept the VGM from other sources. NCBFAA will continue to collect and post notices on our website. To assist our OTI membership, the Transportation Committee has developed this VGM submission form that may be utilized by shippers to supply the VGM to those carriers requiring submission. The Committee also updated the SLI form to reflect these regulatory changes.
Please continue to check with each individual carrier and terminal on their requirements to ensure your clients are in compliance.
CBP began a pilot program this month allowing commercial trucks to prepay the single-crossing user fee online prior to arrival at a port of entry. The pilot is being conducted at the Buffalo, Detroit and El Paso ports of entry and will last for approximately one year.
For shipments that are on the water on or after June 30, 2016, CBP ports will no longer be required to send requests for liquidated damages (LD) claims to Headquarters for review, and the “three-strikes” approach to LD claims against importers’ bonds will also end. There is no change to cargo holds for ISF non-compliance; ports may hold cargo instead of (or in addition to) initiating LD claims.
The Port of Los Angeles/Long Beach will host an updated Steel Identification, Classification and Trade Law Seminar on July 20 and 21, conducted by technical, commercial and legal experts from the steel industry. The target audience includes CBP and PGA officials as well as the trade.
For those who have previously attended similar seminars in Houston and other ports, please note that the program has been signficantly modified, revised and restructured since then, including new material on fraud, circumvention and evasion and other current issues.
a meeting between the FDA, the entry filer and the entry filer’s software vendor (preferably) to walk through an entry that is being submitted via ACE
Production calls allow FDA and the entry filer to talk about the entry submission in real time
Priority processing of ACE entries
The average processing time for manual review and release of ACE submitted entries is 25% faster than the average processing time for manual review and release of ACS submitted entries
When review of documents is necessary, processing time from when documents are requested to the release of ACE submitted entries is 33% faster than for ACS submitted entries, resulting in a savings of 1 ¼ days of processing time