ISF and Export Licensing: No Restrictions, but Important Considerations

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Welcome to our discussion on Importer Security Filing (ISF) and its interaction with goods subject to export licensing. The ISF, also known as the 10+2 rule, is a mandatory filing requirement by US Customs and Border Protection (CBP) for ocean shipments entering the United States. It must be submitted by the importer or their authorized agent, typically a licensed customs broker, at least 24 hours before the cargo is loaded onto a vessel.

In terms of restrictions on filing the ISF for goods subject to export licensing, there are no specific limitations. While the ISF primarily focuses on import-related information such as shipper, consignee, manufacturer, and vessel details, there are generally no restrictions on filing the ISF for goods subject to export licensing.

However, it is important to note that export-related information, including export licenses, is usually not included in the ISF filing. The ISF is primarily concerned with import-related information. But when goods subject to export licensing are also subject to a customs bond, it is critical to ensure accurate and timely completion of the ISF filing. The customs bond is a financial guarantee that ensures payments of customs duties, taxes, and other fees to CBP.

For goods requiring both an export license and a customs bond, the bond must be in place before the ISF can be filed. This emphasizes the role of customs brokers in assisting importers with these requirements, ensuring compliance with both export licensing and customs regulations.

It is worth mentioning that while the ISF primarily focuses on importation, CBP may share relevant information with other government agencies involved in export control, such as the Bureau of Industry and Security or the Department of Commerce. This cooperation ensures the integrity of the supply chain and compliance with international trade operations.

Please remember that regulations and requirements related to the ISF and export licensing may vary. It is advisable to work closely with a licensed customs broker who can provide the most up-to-date guidance customized to your specific situation.

In conclusion, there are no restrictions on filing the ISF for goods subject to export licensing. However, it is important to understand that the ISF primarily focuses on import-related information, and export-related details are typically not included. When goods require both an export license and a customs bond, the bond must be in place prior to filing the ISF to ensure compliance.

Thank you for joining us in this episode of Customs Brokerage 101. We hope this information has been valuable to you. Stay tuned for our upcoming videos, where we will continue to explore various topics related to customs brokerage and international trade. Until next time!
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Video Disclaimer Here: This content is for educational use and not associated with any US government body.

00:29 - Importer Security Filing (ISF) is a mandatory requirement by U.S. Customs and Border Protection for shipments entering the United States by ocean, to be submitted at least 24 hours before departure.

01:07 - There are no restrictions on filing the ISF for goods subject to export licensing, but the ISF primarily focuses on import-related information, not export-related details.

01:57 - If goods require both an export license and a customs bond, the bond must be in place before filing the ISF to ensure compliance.

02:41 - Working with a licensed customs broker is advisable to navigate requirements surrounding ISF and export licensing, as regulations and requirements may vary.