What is a Customs Bond? A customs bond is something of an insurance policy that makes sure that Customs & Border Protection (CBP) gets paid the taxes and duties due to the US government. Types of CBP Customs Bonds Importer Bond The importer bond is required by the importer of cargo as a guarantee that the imported goods will have the right amount of duty or tax paid. Sometimes known
What is the Section 321 Data Pilot? Section 321 Data Pilot refers to a voluntary study by the U.S. Customs and Border Protection (CBP). The pilot study began on August 22, 2019 and is expected to run for a year. During the test period participants will electronically transmit cargo information about their e-commerce shipments to CBP before the shipments arrive in the US. The pilot applies to all Section 321
According to Section 322 of the Tariff Act of 1930, all instruments of international traffic (IIT) and vehicles shall be exempted from the applications of customs laws subject to terms and conditions and to the extent of the law prescribed by the Secretary of the Treasury. Section 322(a) of the Traffic Act of 1930 and section 10.41a of the Customs Border Protection (CBP) regulations as set out in (19 CFR
What is the WACM Message? The WACM message is a component of the Release Notification System (RNS) of the Canada Border Services Agency (CBSA). The WACM message is sent by a warehouse operator to the Canada Border Services Agency when an unreleased consignment headed to the warehouse finally arrives. It is required to be sent to the CBSA for each CCN (cargo control number) whose final destination is that warehouse.
What is The Deconsolidation Notice? The electronic notice from the CBSA informs carriers, warehouse operators, and freight forwarders that CBSA has approved the transfer of cargo control from a consolidated shipment to the associated separate secondary house bills as provided by the freight forwarder. The Deconsolidation Notice is just one message that is available as part of a larger set of messages known as CBSA eManifest Notices. The Deconsolidation Notice
A Port Community System (PCS) refers to an open and neutral platform that connects multiple systems, thus enabling the secure and intelligent exchange of information between the different organizations that make up an airport or seaport community. It is a shared platform that is organized and used by public and private stakeholders that may include key stakeholders such as: Agents/Shipping Lines Customs & Excise Logistics Providers/Freight Forwarders Other Government Agencies
Section 321 is a shipment type used in the Customs and Border Protection (CBP) ACE system that allows low-value shipments of <=$800 USD to be cleared through the border without paying duty or tax. To qualify for Section 321 shipment type any goods being imported into the US should not exceed a value of 800 US dollars. Such goods should also not be one of several lots under a single
Single Window Requirements The Single Window is an intelligent platform that makes it possible for importers, exporters and government agencies to exchange information easily and efficiently. The single window requirements can typically be classified into three stages; Pre-arrival, Arrival, and Post Arrival. Pre-Arrival Checklist Some of the documentation required and services provided include Cargo Manifests Trade Declarations Financial Guarantee Risk Assessment Arrival Checklist Documentation required and services provided include: Cargo
For the majority of certificates of origin created around the world most of them are completed manually ie. filled out by hand. Exporters then have to take them to the Chambers of Commerce who would then stamp them to be certified. But in a business environment that is forever changing, the need for modernizing the certificate or origin has led to the development of the electronic certificates of origin e-CO.
A Container Freight Station refers to a facility that consolidates or de-consolidates freight before preparing such freight for the next leg of its journey. Most CFS will be located close to ports of entry such as airports, ocean container ports and major railway hubs. In the US, a CFS is designated by its FIRMS code. A list of CFS and their designated FIRMS codes can be found here. Most of