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By: Matthew L. Zehner – Vice President, Surety Information & Analysis For some time ACE was not properly matching the entry filed by the customs broker to the eSTB. It was only matching on 4 of the 5 data elements (not matching entry type). The entry should match exactly to the information filed on the bond using these five data elements: Importer Number Entry Number Surety Code Bond Amount Entry Type On June 27, CBP implemented the fix for this, which may lead to you experiencing a higher number of errors when you file your entries. The typical example […]
By: Matthew L. Zehner – Vice President, Surety Information & Analysis In the June 12, 2018 Federal Register, CBP’s ACAS Interim Final Rule sets forth CBP’s new regulations requiring certain information about air cargo shipments that arrive in or transit the United States. Air Cargo Advance Screening (ACAS) regulations formalize a pilot program initiated over 7 years ago in response to terrorist attempts targeting air traffic, including the use of air cargo. These new regulations round out and backfill some existing requirements from the advance manifest regulations implemented nearly 15 years ago (19 CFR §122.48a), define the subset of air cargo […]
It probably comes as no surprise that Shipper’s Interest Cargo Insurance benefits cargo owners. This policy is an effective risk management solution that transfers the risk of loss or damage to goods from the cargo owner to the insurance company. What may not be so well known is that Shipper’s Interest Cargo Insurance can benefit transportation intermediaries as well. By procuring Shipper’s Interest Cargo Insurance for clients, transportation intermediaries add a level of protection against gaps in a carrier’s motor truck cargo policy and financial risks including those resulting from contractual liability claims. Procuring insurance on their clients’ behalf can […]
Written by Jacob Fisher and Nathaniel Saylor of Scopelitis, Garvin, Light, Hanson & Feary, P.C. International forwarders often enjoy a significant advantage over entities that arrange for domestic transportation in that international forwarders are able to perform a larger amount of their services pursuant to their standard terms and conditions, whereas domestic providers are often required to sign onerous contracts drafted by their customers. Given that reliance on standard terms, the international forwarder is often at a loss when approached by a customer that demands that the forwarder sign a “master services” or similar type of contract covering the forwarder’s services as, invariably, that […]
By: Colleen Clarke – Vice President, Surety Trade Relations As announced by the U.S. Trade Representative in Docket Number USTR-2018-0018 on June 15, 2018, the White House announced that the U.S. will impose retaliatory duties of 25% on goods valued at $34 billion covering 800 tariff numbers where the country of origin is China and the goods are entered for consumption, or withdrawn from warehouse for consumption, on or after July 6, 2018. In our notice dated June 4, 2018 we advised customs brokers to be aware of the impact on bond sufficiency of the Section 232 duties on steel […]
U.S. Customs and Border Protection (CBP) announced in CSMS#18-000372: UPDATE: Additional Duty on Imports of Steel and Aluminum Articles under Section 232 an update based on the President’s Proclamation on adjusting the duty and quota requirements for steel and aluminum. The update advises as of June 1, 2018, all steel and aluminum articles imported from the following countries are subject to the Section 232 Import Duties: Steel: All countries of origin except Argentina, Australia, Brazil and South Korea All steel products must be classified under 9903.80.01 (25% percent) in addition to reporting under Chapters 72 and 73. Aluminum: All countries […]
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