Insider perspective on customs compliance - Webinar presented to the import customs compliance community on Nobember 14. Key speaker: Mike Laden (Trade Innovations) a recognized thought leader on customs compliance, self-filing and the inside workings of CBP.
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Insider perspective on customs compliance nov 14 2013 final
1. 3rdwave GCM
Global Commerce Management
Direct Filing-Automating your ISF
And Customs Entry
Solutions@3rdwaveGCM.com
2. The following webinar was presented on Thursday, November 14. It was the second webinar in a 2-part
series on the opportunities and benefits of
Automating ISF and Customs Self Filings.
Global Commerce Management
Direct Filing-Automating your ISF
And Customs Entry
Solutions@3rdwaveGCM.com
3. Blinco Systems Inc.
Since 1988, Blinco Systems Inc. (“BSI”) (www.blinco.com) has been a leading developer and
solutions provider in Global Commerce Management, synchronized global supply chain
execution and consulting services to companies involved in global trade and commerce.
BSI’s clients range from global sourcing divisions of multi-billion dollar companies to SMEs
who participate in global sourcing, purchasing, importing and distribution.
BSI provides 3rdwave GCM solutions that fully support our client's unique business
processes. Our solutions insure that our clients execute, manage and control their global
environment to deliver the highest levels of available-to-ship/available-to-deliver
capabilities at the lowest possible cost and optimal levels of inventory.
TRG Direct® (www.trgdirect.com) is an importer direct-filing service developed by the
principals of Trade Risk Guaranty, Corporation for International Business and Trade
Innovations.
Over the past few years TRG Direct® has become the fastest-growing Web-based solution
for filing Customs entries in-house. TRG Direct® provides a compliance-based solution that
allows importers of various sizes to save thousands of dollars annually in outsourcing fees.
Even though savings has been a significant factor in the decision for many importers to
direct file, the increased supply chain visibility and U.S. Customs compliance are known to
be two of the greatest benefits of TRG Direct®.
5. • About the product you’re importing than your
own flesh and blood
• They have access to technical specifications,
the buyer, the manufacturer or vendor and
possibly samples of the product
No one knows more…
6. • …in the preparation and processing of that
entry than your own flesh and blood
• In case after case, importer compliance rates
have been vastly improved – in many
instances it’s 100%
• Myth – Using a broker limits or otherwise
mitigates my exposure and liability with CBP
No one will take greater care…
7. • The best-in-class concepts and ideas we
discuss today are scalable
• All importers, no matter their size, are subject
to the same requirements and laws – and the
CBP standard known as Reasonable Care
• Every importer or exporter needs at least one
person who lays awake at night thinking about
compliance
• Easier said…
Size does matter, but…
10. • Reduced brokerage expenses to almost zero
• Significantly improved our compliance rate
with Customs
• Took 3 full days out of the supply chain
• Alerted us to untimely or errant suppliers and
vendors
• Virtually eliminated the need to audit
Key Takeaways
11.
12. • With support from the highest echelons of the
company, it is possible to go from worst to
first in trade compliance
• Having adequate resources protects the
company’s all important brand and image
• It also fosters creativity and fuels continuous
improvement
• Direct-filing is attainable even for the 2nd
largest importer
Key Takeaways
23. Supply Chain Tasks You may already be
familiar with (or should be):
•
•
•
•
Classification
ISF/Entry Documentation
Data Entry/File ISF
Data Entry/File Entry
• Port Relationships
• Freight Relationships
• Payment of Duties/Fees
32. SELF-FILING vs
THE ADMISSIONS OF A FULL SERVICE
BROKER
Costs of Brokerage Services:
• REGULATORY COSTS
• INTERNAL COMPLIANCE
• STAFFING/CLERICAL
• MISTAKES ARE COMMON
33. TRG DIRECT & 3RDWAVE
PARTNERSHIP
•
•
•
•
FULL CUSTOMER SERVICE
LICENSED PROFESSIONALS
ONGOING TRAINING
USER GROUP WEBINARS
35. Q&A
• We will now open the lines for any questions you may
have.
• Please raise your hand (if you’re on the phone and
want to ask
• your question aloud), or chat your question in the chat.
• Questions will be answered in the order they are
received.
36. Contact us with questions or to
schedule a consultation:
TRG Direct Customer Service
customerservice.@trgdirect.com
406-922-6600
Ned Blinick
Solutions@3rdwaveGCM.com
(416) 510 8800 ext 234