White Paper: 10+2 ISF — Staying Ahead Of The Curve
As the industry sits and waits for CBP's final ruling to come out on 10 + 2, the focus should be on the opportunities and challenges that need to be addressed. Whether we like it or not, the change will happen yet the industry is in turmoil on what to do. Trading Partners need to be pro-actively planning for this change in order to be ready when CBP pulls the trigger. The Customs House Broker has a key role with this initiative and must take a leadership role in defining how to position and implement 10 + 2.
The ruling requires Importers or their designated agents to file "10" types of data elements 24 hours prior to vessel lading overseas. The vessel operator will have to submit the other "2" data elements 48 hours from the vessel departure from the foreign port.
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