ISF Enforcement Update – Implementation Delayed

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 […]

For non-vessel-operating common carriers (NVOCCs), compliance with the Federal Maritime Commission (FMC) isn’t optional—it’s the foundation of doing business legally and avoiding steep penalties. During our recent webinar, Avoid Costly FMC Penalties, industry expert Mauricio Larenas of AP Tariffs reminded participants that compliance begins with a simple but critical question: does your business qualify as an NVOCC? Who Qualifies as an NVOCC? According to the FMC, any company that offers ocean shipping services is considered an NVOCC. That definition is broad—so broad that even a small storefront advertising “Ship to Colombia for $50” or a Facebook post offering to move […]

Over the past several days, many of our customers may have experienced difficulties processing eBonds when using the Automated Commercial Environment (ACE) system. Our service representatives strive to keep you up-to-date on these issues so we then can convey this information to you. However, the fastest way to receive this information is directly from Customs and Border Protection (CBP) via their Cargo Systems Messaging Service (CSMS). CSMS is one of CBP’s methods of communicating to their trade partners news and updates on automated systems such as ACE. The registration process is quick and easy. Simply enter your email address and […]