AAEI says 10+2 costs will mount

May 29, 2009 at 9:57 am

The American Association of Exporters and Importers in comments filed last week urged caution over the costs of U.S. Customs’ Importer Security Filing interim final rule. ISF, also known as “10+2,” requires cargo information to be transmitted to CBP agents at least 24 hours before goods are shipped to the United States.

“AAEI expressed concern to U.S. Customs and Border Protection that the costs of ‘10+2’ compliance are still unknown,” the association said. “In the first months of implementation, the only cost CBP is capturing is the transaction fee for filing. However, AAEI notes that the true costs are much higher, especially for small and medium-sized enterprises. Plus, hidden costs of ‘10+2’ compliance will add up quickly due to delays and slowdowns in the supply chain.

“AAEI is also concerned about the lack of tangible benefits for voluntary participation in the costly C-TPAT program, and recommends that CBP allow C-TPAT members to satisfy ‘10+2’ requirements by providing routine data at the aggregate level for common shipments.”

This article is extracted from the 26 May 2009 edition of “American Shipper”

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Entry filed under: American Shipper, Business Development, Imports/Exports, NKITA, Northern Kentucky.

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