International Trade Compliance
Enhanced import/export regulatory enforcement is creating new areas of risk for companies shipping products across U.S. borders. International shipping practices of the past may not be compliant in this new global trade environment.
- Does your company have a person or department dedicated to import/export compliance?
- Can your company produce hard copies of all records from purchase, transportation and import clearance to final payment to supplier?
- Does your company have internal written controls related to harmonized tariff classification of all goods that you import into and export from the United States?
If you answer “no” to any of these questions, your enterprise is susceptible to trade compliance violations that might result in penalties that have the potential to result in enormous fines that threaten your ability to remain in business.
With the enactment of the Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA), many U.S. companies face new – and often unrecognized – risks in international shipping. As a result of this legislation, U.S. Customs and Border Protection (CBP) can now cast a wider net to target importers who fall short in respect to their trade practices.
Many practices that previously went under the radar or seemed inconsequential to shippers are now subject to more careful examination by CBP. Questions to consider include:
- When imported goods are being purchased, has your organization investigated any possible Anti-Dumping or Countervailing Duty imposition?
- Are these raw materials or finished goods regulated by trade agreements?
- Are your imported commodities on any CBP “watch lists?”
- Are products manufactured with forced labor or child labor and imported into the United States?
Improved Enforcement Technology
Implementation of CBP’s Automated Commercial Environment gives greater visibility of documentation and product movements across the U.S. border to the numerous U.S. government agencies involved in policing products entering the U.S. market. This technology compliments CBP’s ability to focus specifically on key areas of import compliance and enables investigators to discover far more common practice errors.
These capabilities are especially impactful as CBP commits to an aggressive five-year plan of performing a focused assessment audit on all importers not exempted from their audit schedule by Trusted Trader status.
Compliance Health Check
Transportation Insight’s team of international compliance experts can assist you in navigating these complex rules and regulations. Our Compliance Health Check identifies process lapses and areas of risk that, when uncovered by CBP investigators, could result in significant financial consequences.
This Compliance Health Check assesses your current practices in order to:
- Evaluate import and export processes from both a compliance/security and logistics perspective
- Define lines of accountability for compliance, including the critical role of Senior Management
- Determine personnel deployment skill sets and training requirements
- Review service providers and their compliance components
- Review the organization’s Informed Compliance Awareness
- Review and assess written SOPs related to the specifications of import and export regulatory management
- Review “reasonable care” demonstration
Know the rules and know where you stand.
To speak with one of our experts about an International Trade Compliance Health Check, click here.
Rick Brumett – Vice President, Client Solutions
Rick Brumett’s 37-year career spent immersed in retail supply chains, multi-modal transportation solutions and efficient warehouse network design uniquely positions him to understand the shipping challenges of retailers, manufacturers and distributors – from port to customer door. His International Trade Compliance Certification in import/export enables him to engage with customers as a licensed freight forwarder capable of identifying new areas of risk during uncertain times of increased enforcement by U.S. Customs and Border Protection. Rick is a 2017 Supply and Demand Chain Executive Pro to Know.
Rennie Alston – Head of Global Trade Compliance
Rennie Alston has more than 30 years of interactive work experience with U.S. Customs and Border Protection on international trade and regulatory issues. He’s instructed college-accredited courses in U.S. Customs Regulations and Documentation, Customs Brokerage License Preparation, Import Export Compliance and Customs Entry Preparation, and Global Security Compliance for 20 years. A recognized expert in Customs Regulatory issues and Compliance Management, Rennie works exclusively with Transportation Insight to help client partners establish compliant processes that ease entry at global ports of trade.
Transportation Insight Head of Global Compliance Rennie Alston is a featured participant in the following upcoming events:
- June 25 – Import Compliance Management and Supply Chain Facilitation Strategies, Las Vegas, NV
- June 26 – 2019 CTPAT New Minimum Security Criteria Training and Process Analysis, Las Vegas, NV
- June 26 – Internal Self Testing of Security Supply Chain Process – CTPAT Assessments, Las Vegas, NV
- June 27 – Internal Import Compliance Audit Workshop, Las Vegas, NV
- July 16 – Internal Import Compliance Audit Workshop, Nashville, TN
- July 16 – Incoterms Analysis Workshop to Determine Most Appropriate Terms for Company Use, Nashville, TN
- July 17 – Internal Self Testing of Security Supply Chain Process – CTPAT Assessments, Nashville, TN
- July 17 – Foreign Trade Zone & Bonded Warehouse Alternative Entry Options Management, Nashville, TN
- July 23-24 – U.S. Customs and Border Protection 2019 Trade Symposium, Chicago, IL
- Aug. 1 – 2019 Import Compliance Management and Supply Chain Facilitation Strategies, Woodbridge, NJ
- Aug. 2 – Incoterms 2020 Analysis Workshop
- Aug. 22 – 2019 Import Compliance Management and Supply Chain Facilitation Strategies, New Orleans, LA
- Aug. 23 – 2019 CTPAT New Minimum Security Training and Process Analysis, New Orleans, LA
- Sept. 9 – 2019 Import Compliance Management and Supply Chain Facilitation Strategies, Chicago, IL
- Sept. 10 – HTS Classification Strategies for Financial Business Controls, Chicago, IL
- Sept. 10 – 2019 CTPAT New Minimum Security Training and Process Analysis, Chicago, IL
- Sept. 11 – Incoterms 20202 Analysis Workshop, Chicago IL
- Nov. 5 – 2019 CTPAT New Minimum Security Training and Process Analysis, Orlando, FL
- Nov. 5 – Incoterms 2020 Analysis Workshop, Orlando, FL
- Nov. 6 – 2019 Import Compliance Management and Supply Chain Facilitation Strategies, Orlando, FL
- Nov. 7 – HTS Classification Strategies for Financial Business Controls, Orlando, FL