COPPERSMITH GLOBAL LOGISTICS
COMMITTED! CONNECTED! COMPLETE!
THE TIMES THEY ARE A CHANGING
Important Changes for Importers & Exporters in 2011
December 2010
In This Issue
Customer Information Updates
Incoterms
EU Requires Pre Departure Manifest Information
GSP Expires Dec 31, 2010
Andean Programs Extended only 6 weeks
Food Safety
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As security ramps up worldwide you can expect to see more changes in the way global business is conducted.  Below are several articles announcing new programs, both in the US and by others, that are untested and therefore will be fraught with trial and error as everyone adjusts to the commercial and procedural realities of moving goods around the world. 

 

As these processes are formalized we will be sending out further information, both through or E-Newsletter format as well as some targetted mailings, specific to our customers particular needs.

 

Coppersmith invests a great amount of time and resources following up on these new programs and looking for streamlined approaches to compliance. 

 

Watch for updates and communications from our staff handling your shipments.

Coppersmith Updating and Verifying All Customer Information in 2011
 
Maintaining current and up to date information on your company, as it relates to your import and export buisness, is critical in todays security conscious business environment. In addition, cases of identity theft are rampant as evidenced in Nike Sues Customs Brokers.

Due to the changing nature of business we will look to update Powers of Attorney, Terms and Conditions of Service, Credit Applications and Compliance Questionnaires in 2011.

This is also part of our enhanced C-TPAT Risk Assessment Process for 2011.

NEW INCOTERMS IN 2011

Incoterms 2010 Take Effect January 1st 2011 

 

 ICC Bookstore       Video Presentation

 

Incoterms 2010, rules by the International Chamber of Commerce (ICC)explaining standard terms that are used in contracts for the sale of goods, will be launched in September and come into effect on January 1, 2011.  Shippers, Importers, credit executives and others involved in international trade need to familiarize themselves with imminent changes to the global rules governing terminology used in international sales contracts.  Incoterms 2010 essentially warns the buyers and sellers to clearly spell out all details in the sales contract and not to rely solely on the Terms of Sale. 

 

Since the last revision, Incoterms 2000, there have been a number of changes in both global and domestic trade, this revision addresses those changes.

In contrast to the previous four classes, E,F,C and D, Incoterms will now be separated into 2 groups, those applicable to all modes of transport and those only applicable to sea and inland waterway transport.

There will now be a total of 11 terms instead of 13, with 2 new additions, DAP and DAT and 4 deletions.

Incoterms 2010 applicable for all modes of transport:

EXW : ex works

FCA : free carrier

CPT : carriage paid to

CIP : carriage and insurance paid to

DAT : delivered at terminal - NEW!

DAP : delivered at place - NEW!

DDP : delivered duty paid

Incoterms 2010 only applicable for sea and inland waterway transport:

FAS : free alongside ship

FOB : free on board

CFR : cost and freight

CIF : cost, insurance and freight

EU REQUIRES MANIFEST INFORMATION PRIOR TO DEPARTURE FROM UNITED STATES

Advance notice required. The ENS must be lodged at the customs office before the goods are brought into the EU customs territory within the following timeframes. 

  • Containerized maritime cargo (except short sea containerized shipping) At least 24 hours before beginning loading in each foreign load port.
  • Bulk/ break bulk maritime cargo (except short sea bulk/ break bulk shipping) At least 4 hours before arrival at  the first port in the EU.
  • Short haul flights (less than 4 hours duration) At least by the time of the actual  take off of the aircraft.
  • Long haul flights (more than 4 hours duration) At least 4 hours before arrival at  the first airport in the EU.
  • Rail and inland waterways At least 2 hours before arrival at  the customs office of entry in the EU.
  • Road traffic At least 1 hour before arrival at the  customs office of entry in the EU.
  • Applies to Freight Remaining on Board.

The operator of the active means of transport on or in which the goods are brought into the customs territory of the EU is responsible for lodging the ENS. The operator (or carrier) is the person who brings, or who assumes responsibility for the carriage of, the goods into the EU customs territory. The ENS must be lodged at the first customs office of entry.

Carrier lodges ENS.

Effective January 1, 2011, all goods (unless waived or exempted ) that are brought into the customs territory of the EU, regardless of their final destination, will have to be covered by an Entry Summary Declaration (ENS).

 

As each ocean and air carrier has slightly different requirements for how they want the additional information supplied as well as when. As we make your bookings we will confirm these requirements. Additional charges for these new requirements, (that also varies per carrier), will be quoted with our rates.

 

GSP  EXPIRES DEC 31st 
 

Congress failed to extend the Generalized System of Preferences Program (GSP), therefore the program's duty free benefits will expire at the end of the year.  It is unclear when Congress will act to extend GSP, although it could be early in 2011 given that Andean Preferences and Trade Adjustment Assistance (TAA) were only extended for six weeks. 

If your goods qualify for GSP we will be electing the "A" indicator, however duty will be charged and payable to CBP.  When the GSP program is again approved entries will easily be identified and refunds can be processed by CBP with any interest that may be applicable.  We will keep you updated on its progress.

ANDEAN PROGRAMS EXTENDED ONLY 6 WEEKS

H.R. 6517 would extend the Andean Trade Preferences Act/Andean Trade Promotion and Drug Eradication Act (ATPA/ATPDEA) through February 12, 2011 (from December 31, 2010) for Colombia. The extension for Ecuador would be through February 12, 2011 (from December 31 , 2010) unless the President reports to Congress that Ecuador does not satisfy ATPA/ATPDEA beneficiary criteria.

 

It does not extend ATPA/ATPDEA for Peru. As a result, ATPA/ATPDEA will expire for Peru on December 31, 2010. The U.S.-Peru FTA entered into force on February 1, 2009 and is availalable for qualifying goods from Peru.

HOUSE PASSES FOOD SAFETY BILL
 

On December 21, 2010, the House passed H.R. 2751, a stand alone food safety bill.  As both the House and Senate have now passed the same version of food safety legislation, H.R. 2751 will go to the President for signature. Coppersmith will issue a "special" newsletter to our food importers outlining some of the pertinent parts and timelines set out in the new law. The agency will have to undertake the Notice of Proposed Rule Making (NPRM) process to set regulations. 

TEXT OF NEW LAW

"This newsletter is for clients of Coppersmith Global Logistics and is for informational purposes only.  Topics contained herein are taken from numerous sources and are edited to provide an overview of the subject and should not be solely relied upon for implementation or compliance purposes.  Where possible we provide sources for more detailed information."
Maggie Smith Ranney
Coppersmith Global Logistics