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Author Name:Tiffany Lee – Marketing Analyst at FreightAmigo
Global trade is currently flourishing, and there is growing concern for the security and regulation of imported and exported goods. As one of the world’s largest importers, the United States Customs and Border Protection (CBP) has been intensifying its supervision of imported goods in order to maintain national security and combat illegal trade. In this article, FreightAmigo has gathered information on the Importer Security Filing (ISF) to make trade easier for you. This includes details on the filing information elements and important considerations to keep in mind.
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The Importer Security Filing (ISF), also known as 10+2, is a form that importers are required to submit to the United States Customs and Border Protection (CBP) before their goods enter the country. This form contains detailed information about the imported goods, such as the manufacturer, exporter, country of origin, packaging, and port of shipment.
The “10” refers to ten information elements that the importer needs to declare, while the “2” refers to two information elements that the carrier is responsible for declaring. The purpose of the ISF is to enhance CBP’s security control and supervision of imported goods, in order to prevent terrorism and illegal trade.
Importers must submit the ISF declaration form before their goods are loaded onto the ship. Failure to submit the declaration form or providing incomplete information may lead to the goods being detained or seized. This can affect the customs clearance process, delivery time, and may also result in fines or other fees.
You may encounter problems in i.e. customs regulation of different countries while managing global shipments. FreightAmigo helps you arrange customs clearance, cargo insurance and trade finance by 1 stop. We digitize the entire logistics procurement. The client only needs to fill in the basic information and all shipping documents, including manifests, bill of lading, import / export license and packing list will be automatically generated. This greatly improves the efficiency of document processing as a whole.
Read More:
Logistics101 – Understanding the Differences between FOB and Other Common Terms
Guide to Sea Freight – What is Sea Freight? Common term, Pros & Cons
Logistic101 – What is FCA? Meaning and Usage of Incoterms
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