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The Importer Security Filing (ISF) Rule -- originally known as 10+2 -- is now in force. It has far-reaching implications for supply chain operations, inventory carrying costs, and the overall cost and risk of doing business. This Knowledge Corner contains links to resources that can help you better understand and meet the challenges posed by the new regulation.


News

U.S. Department of Homeland Security –  January 27, 2010
Secretary Napolitano Announces Enhanced Screening Measures For Cargo Arriving at U.S. Sea Ports

Department of Homeland Security (DHS) Secretary Janet Napolitano today announced that U.S. Customs and Border Protection (CBP) has begun enforcement of the Importer Security Filing and Additional Carrier Requirements interim final rule.

American Shipper –  December 30, 2009
Stretch Run

Importers race to meet ISF deadline as implementation hurdles remain.

AMR Research –  August 13, 2009
Importer Security Filing: Don’t Get Left in the Dust

Why companies need to pay attention, what the penalties will be, and if this new cost can be turned into a competitive advantage.

American Shipper –  July 20, 2009
Customs Issues “10+2” Mitigation, DNL Guidelines
Journal of Commerce –  July 14, 2009
Customs Announces Changes to ISF Rule
Journal of Commerce –  June 19, 2009
Manufacturers Say 10+2 Costs $20 Billion

Manufacturers say operations, delays to double cost of tariffs.

National Association of Manufacturers –  May 20, 2009
Survey of U.S. Companies: Current and Potential Future Impact of the “10+2” Requirements

Summary of findings:

  • ISF has been difficult and disruptive to respondents' supply chains
  • Will likely increase operational costs by $3.5 billion annually
  • Will likely add an average of 2.8 days of delay to the import process, costing an estimated $17.2 billion a year
  • Total annual costs for ISF requirements are estimated at more than $20 billion
American Shipper –  May 06, 2009
Struggling to Make the Grade on 10+2

Importers sweat advance filing requirements. While 54 percent of documents are late, accuracy rate continues to improve…(CBP) will be less inclined to overlook filing errors by companies that failed to take advantage of the 12-month grace period and make reasonable efforts to implement compliance measures … "If you come to me on Jan. 25, 2010 and you have made no attempt to file by then, there's nothing for us to talk about".

American Shipper –  June 01, 2008
10+2=$$$$

Import industry deals with cost and confusion of proposed cargo security rule.

CIO –  May 12, 2008
10+2 Readiness . . . Beware! It's Strategic, Not Tactical . .

Here is an excellent short article by Matt Gersper, President of Global Data Mining, on the perils and opportunities of 10+2.




Resources

Organizations
ICPA
ICPA is a leading global professional association for compliance professionals.

Customs and Border Protection (CBP)
CBP is one of the Department of Homeland Security’s largest and most complex components, with a priority mission of keeping terrorists and their weapons out of the U.S. It also has a responsibility for securing and facilitating trade and travel while enforcing hundreds of U.S. regulations, including immigration and drug laws. CBP has a very helpful page here, which includes an analysis of the Rule, a fact sheet, and a 10+2 FAQ.The CBP Draft Security Filing Transaction Sets Requirements
has some draft technical specifications.

Beth Peterson Enterprises
Beth Peterson Enterprises, Inc. (known as BPE) is a consulting firm facilitating global trade automation and strategy for multi-national shippers.

Webinars
Webinar: ISF Crunch Time: Lessons You Can Apply With 22 Weeks To Go (08/25/09)
American Shipper's Associate Editor Eric Kulisch moderated a panel discussion designed to help importers understand the evolving importer security filing (ISF) regulation, explore recent developments and answer pressing questions. Panelists included Virginia Thompson, Manager Import/Export Operations and Trade Compliance at Crate & Barrel, Sunil Sharma, Director of Product Management at GT Nexus, and Beth Peterson, President of BPE. Here are some questions and answers from the webinar.

Webinar: 10+2: Finding a Way Forward (02/25/2009)
Hosted by American Shipper's Associate Editor, Eric Kulisch, this is an interactive panel discussion designed to help importers understand the new 10 + 2 regulation, explore recent developments and answer pressing questions. Here are some questions and answers from the webinar, compiled by BPE.

Blogs
ISF Blog
A great blog covering the Customs Importer Security Filing ruling.




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