Importer Security Filing (ISF)
The Importer Security Filing (ISF) commonly referred to as \10+2\" is a mandatory filing required by U.S. Customs and Border Protection (CBP) for shipments entering the United States by ocean freight."
Definition
The Importer Security Filing (ISF) commonly referred to as \10+2\" is a mandatory filing required by U.S. Customs and Border Protection (CBP) for shipments entering the United States by ocean freight. The ISF must be filed at least 24 hours before the vessel's departure from the foreign port. The filing requires key details such as shipper information consignee data container stuffing location and commodity descriptions. Failure to comply with ISF regulations can result in significant fines and shipment delays"
Related Terms
IATA (International Air Transport Association)
A global trade association for airlines that sets industry standards for air transportation.
IBC (Intermediate Bulk Container)
A durable reusable container designed to transport or store bulk liquids chemicals or powders.
Import Declaration
A document filed with customs authorities that provides detailed information about imported goods.
Import Duty
A tax imposed on goods imported into a country.
In-Bond Shipment
A type of shipment that moves under customs bond before the import duties and taxes are paid.
Incoterms (International Commercial Terms)
A standardized set of trade terms published by the International Chamber of Commerce (ICC) that define the responsibilities of buyers and sellers in international trade.
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