Mastering ISF Filing: A Must-Know for Importing Decorative Balloons

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In today's video, we will be discussing the topic of Importer Security Filing (ISF) for decorative balloons. Importer Security Filing, also known as 10+2, is a requirement by US Customs and Border Protection (CBP) that necessitates the submission of specific information about ocean shipments entering the United States. This requirement aims to enhance the security of imported goods and facilitate risk assessment by CBP.

For shipments consisting solely of decorative balloons, the ISF must be filed no later than 24 hours before the vessel departs from the foreign port. However, if the shipment includes other commodities, the timing of the ISF filing is determined by the Customs Bond type. For Customs Bond type 1, where the value of the merchandise is equal to or less than $2,500, the ISF must be filed no later than 24 hours before the vessel departs from the foreign port. For Customs Bond type 2, where the value of the merchandise is over $2,500, the ISF must be filed at least 24 hours before the cargo is laden aboard the vessel destined for the United States.

Working with a licensed customs broker is highly recommended to ensure a seamless filing process and compliance with ISF regulations. Customs brokers specialize in customs clearance procedures and can facilitate the ISF filing on your behalf. They have the knowledge and expertise to navigate the complexities of customs regulations, ensuring smooth processing of your decorative balloon shipments.

In addition to ISF filings, customs brokers can assist with determining correct classification and valuation of goods, coordinating with shipping carriers, and handling any unforeseen issues that may arise during the customs clearance process.

The information required for the ISF filing includes the importer of record's name and contact information, consignee's name and contact information, manufacturer or supplier's name and contact information, the unique shipment identifier, and a complete and accurate description of the merchandise being imported. Other details such as the country of origin, HTS codes of all goods, container stuffing location, consolidator's name, and the name and location of the container stuffing facility should also be included in the filing.

Filing ISF for decorative balloons is crucial for a smooth customs clearance process, as it helps minimize the risk of delays and penalties. Collaboration with a licensed customs broker can greatly streamline the ISF filing process and ensure compliance with customs regulations. Reach out to a trusted customs brokerage firm to ensure a hassle-free importation experience.
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Video Disclaimer Here: This educational content is unassociated with US governmental bodies.

00:31 - Importer Security Filing (ISF), also known as 10+2, is a U.S. Customs requirement that mandates specific information submission for ocean shipments, aimed at enhancing security and facilitating risk assessment.

00:55 - For decorative balloons, file the ISF at least 24 hours before vessel departure if the shipment is solely balloons with a single HS code. If the shipment includes other commodities, the filing deadline varies based on the value: 24 hours before departure for shipments valued at $2,500 or less, and 24 hours before loading for shipments over $2,500.

1:54 - Failing to comply with ISF requirements can lead to penalties, shipment delays, or denial of entry into the U.S., making adherence essential for smooth customs clearance.

2:04 - Partnering with a licensed customs broker can simplify the ISF filing process, ensuring compliance with regulations and assisting with classification, valuation, and coordination with shipping carriers for your decorative balloon shipments.