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ISF stands for Importer Security Filing, also known as the “10+2” rule. It is a U.S. Customs and Border Protection (CBP) requirement aimed at improving the security of cargo imported into the United States. Here are the key components:
- Purpose: The ISF helps CBP assess risks associated with incoming shipments and enhances maritime security.
- Filing Requirement: Importers must submit specific data elements at least 24 hours before the cargo is loaded onto a vessel bound for the U.S. This allows customs officials to evaluate potential threats.
- Penalties: Failure to comply with ISF requirements can result in penalties, delays in cargo release, or increased scrutiny at the port.
- Impact on Trade: ISF facilitates smoother customs processing and helps streamline the importation process while enhancing national security.
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