Posted on February 14, 2019
Liquidated damage claims for ISF-5 violations were to be enforced by CBP starting on January 21, 2019. However, due to the government shutdown and accompanying funding lapse, this has been postponed until at least March 1, 2019.
CBP outlines this postponement in Cargo System Message CSMS #19-000011.
ISF-5 is mainly for Freight Remaining Onboard (FROB), as well as Immediate Export (IE) and Transportation and Exportation (TE) Bonds.
For an ISF-5 filing to be correct and timely, the following 5 fields must be filed prior to vessel load:
Foreign Port of Unlading
Place of Delivery
Ship to Party
Commodity HTSUS Number
Allyn will keep you informed of the new deadline once it is published. If you have any other questions about ISF or any trade related matter, please contact Allyn at firstname.lastname@example.org.
About Allyn International
Allyn International is dedicated to providing high quality, customer centric services and solutions for the global marketplace. Allyn's core products include transportation management, logistics sourcing, freight forwarding, supply chain consulting, tax management and global trade compliance. Allyn clients range from small local businesses to Fortune 500 firms. Allyn conducts business in more than 20 languages and has extensive experience in both developed and emerging markets. Highly trained experts are positioned throughout North and South America, Europe and Asia. Allyn’s regional headquarters are strategically located in Fort Myers, Florida, U.S.A., Shanghai, P.R. China and Prague, Czech Republic. For more information, visit www.allynintl.com.