Duties and taxes traditionally must be paid to US Customs within 10 working days of the Customs release date. Most importers are not aware of the Periodic Monthly Statement (PMS) program, which allows payment of duty and taxes up to 57 days from the release date. An ACH account in conjunction with PMS permits duty…
You’ve placed an order with your manufacturer, but who is responsible for picking up the goods? Shipping terms, aka incoterms, determine who arranges and pays for freight and Customs fees. There is no standard or governing body that regulates shipping terms, so its important you clarify who is responsibility for fees with your supplier. Here…
One of the most impactful and unpredictable variables in logistics costs are Customs examination fees. Customs and other government agencies do not publicly disclose exactly how they determine cargo is flagged for exam, but we’ve been able to gather the following: An importer’s track record matters. New importers are more susceptible to exams If an importer…
Container Freight Station (CFS) warehouses are bonded facilities that act as temporary storage for goods that are entering and leaving the country. They should be distinguished from Free Trade Zone (FTZ) warehouses that allow for long term storage of goods in transit. CFS warehouses serve an important role in both air and ocean freight. …
