S13—Introduction to Importer Security Filing (10+2)

Subscriber price: $50.00, Non-subscriber price: $65.00
Estimated total study time: 5 hours 3 minutes

This course is for anyone interested in learning the basic concepts of the importer security filing (ISF) final rule, also known as 10+2. Topics addressed include data elements, collection and filing of the data, and compliance.

10+2 Overview

This lesson begins by looking into the reasons for the new ruling and what some of the challenges are that the trade community may face as a result.

(Estimated study time: 1 hour 11 minutes)

Introduction
Origins of Importer Security Filing
"10 + 2" Does Not Equal Twelve
Impact of the Importer Security Filing
Challenges Facing All Parties
- General Implications Overall
- Implications for Importers
- Implications for Exporters
- Implications for Cargo Consolidators

What are the Required Data Elements for 10+2?

In this lesson we will find out that there are a lot more than 12 pieces of information that make up the 10+2. We will also compare the information to see what redundancy is eliminated by joint filing. In addition, we will point out the 6 elements that are still open for comment.

(Estimated study time: 1 hour 27 minutes)

Introduction
Special Rules for Reporting the Data Elements
Importer's Ten Data Elements for U.S. Bound Cargo
- Ten Data Elements for Goods Destined for the U.S., an FTZ or FROB
  - 1. Importer of Record Number or Foreign Trade Zone (FTZ) Applicant Identification Number
  - 2. Consignee Number (IRS)
  - 3. Seller (Owner)
  - 4. Buyer (Owner)
  - 5. Ship to
  - 6. Manufacturer or Supplier
  - 7. Country of Origin
  - 8. Commodity HTSUS Number
  - 9. Container Stuffing Location
  - 10. Consolidator (stuffer)
  - Elements that can be Submitted Jointly with the Entry
  - Elements Approved for Flexible Filing
- The Eleventh Element of the Importer Security Filing
Vessel Carrier's Two Data Elements
- 1. Vessel Stowage Plan for Arriving Vessels with Containers
  - Three Data Elements pertaining to the Vessel
    - Seven Data Elements Pertaining to the Container
  - 2. Container Status Messages Detailing Terminal Container Movement
    - Nine Events Require a CSM Report
    - Six Data Elements Required with Each Container Status Message Transmitted

Collection and Filing of the Data

In this lesson we continue with the importer security filing elements required for transit cargo. Then we cover the options for filing the ISF and ways to collect the required data.

(Estimated study time: 1 hour 15 minutes)

Introduction
Importer's/Filer's Five Data Elements for Transit Cargo
- 1. Booking Party
  - 2. Foreign Port of Unlading
  - 3. Place of Delivery
  - 4. Ship to
  - 5. HTSUS Number
Consolidated Data for Multiple Shipments
- Multiple Importer Security Filings for One Bill of Lading
- Multiple Bills of Lading for One Importer Security Filing
How is Data Collected and Filed?
- Who has the Data?
- Who Can File?
- How Will the Data Be Collected?
- How Will the ISF Be Filed?
  - Web Solutions
  - EDI Transmission
    - Transmission of ISF Information
    - Transmission of Vessel Stow Plan
    - Transmission of Container Status Messages
  - Paper
- When Must the Data Be Filed?
- ISF Filing Type Codes
- Using the Flexible Filing Option
- Filing the Entry at the Same Time
- Electronic Responses from CBP
  - Filer Messaging Components
  - Carrier Messaging Components

Importer Security Filing Compliance

This final module addresses the requirements to avert penalties when enforcement begins after the first year. Bonds and powers of attorney need to be in place and proper amendments will be necessary if information changes prior to arrival in the U.S.

(Estimated study time: 1 hour 10 minutes)

Introduction
Exceptions from the ISF Requirement
Amending the ISF Information
Recommendations for Implementation Strategy
Resulting Increase in Service Fees
Compliance Issues
- Mechanics of Phase-In
- Late Filing and Failure to File Liabilities
  - Liquidated Damages Claim Mitigating Factors
  - Liquidated Damages Claim Aggravating Factors
- ISF Filer Bonds
  - ISF Filer Bonds Are Now a Requirement
  - Single Transaction Appendix D Bonds for Importer Security Filing Separately
  - Continuous Bonds for Importer Security Filing Separately
  - Length of Liability and Recordkeeping Requirements
- ISF Powers of Attorney
- Concerns with Regulatory Procedures