How to File an Importer Security Filing (ISF)

How to File an Importer Security Filing (ISF)

Also known as an Importer Security Filing, submitting an ISF is mandatory for those importing containerized cargo into the United States. What is an ISF? An ISF is required for containerized shipments entering the United States through ports. This national security measure requires importers to transmit specific information to U.S. Customs and Border Protection (CBP),…

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How to Package Wine Imports

How to Package Wine Imports

If you’re importing wine into the United States, it’s essential to know how to carefully pack wine with protective packaging to avoid damage during transit. Importing into the U.S. can be confusing for those that are new to it. Before selling their wine, importers need to understand their obligations in the import process and pack their…

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What is a BOR Letter?
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What is a BOR Letter?

BOR letters legally determine the insurance agent allowed to send quote applications to insurance companies on your behalf. A Broker of Record (BOR) letter is a contract where someone designates an insurance agent (or broker) as their representative to an insurance company. Their new insurance agent drafts the BOR letter and presents it to the…

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Why Is Importing EPA Commodities Risky?

Why Is Importing EPA Commodities Risky?

There are certain risks involved when importing EPA commodities, so shippers must be aware of any regulations that could apply to their merchandise. The United States Environmental Protection Agency (EPA) is an agency of the United States federal government responsible for creating standards and laws to promote the health of individuals and the environment. The…

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Top 5 Factors That Impact Cargo Insurance Costs

Top 5 Factors That Impact Cargo Insurance Costs

Marine cargo insurance costs are impacted by things specific to an importer’s individual business. There are specific risks insurers evaluate when shippers apply for coverage. Marine Cargo Insurance covers the loss, damage, or theft of commodities while in transit between the point of origin and final destination. For the past year, cargo insurance costs have…

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What is an Excise Tax?

What is an Excise Tax?

An excise tax is a legislated tax on specific goods such as fuel, tobacco, and alcohol. The IRS establishes the amount of this tax, and CBP collects it on its behalf. When importing into the United States, businesses will have to pay duties, taxes, and fees to United States Customs and Border Protection (CBP) for…

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