Crash Courses: Supply Chain & Logistic: IMPORTS - Simplified

Welcome to Crash Courses in Supply Chain Management & Global Logistics - Simplified! As your instructor I bring 40 years of experience in the trade industry to this course. After 30 years, I transitioned into education, becoming the Lead Instructor at a Los Angeles Trade School for a number of years. Now, a decade later, I'm returning to teaching, eager to share my expertise online. Over 80% of my former students previously graduated with the equivalent of three years of knowledge in under one year of schooling. To master a trade or topic means the abilitity to simplify complicated processes, where the student is able to grasp and run with both tools and concepts with a great understanding of how the entire process works.  Beleive me, you won't get bored in my class...usually had a waiting list to get in.  Come learn from the best - Master in Trade.  Terry Leifi-Silverstein Subject Matter Expert of 40 years in global trade/logistics & manufacturing inclusive of regulations.

Welcome to the world of imports! I commend you for choosing this demanding yet rewarding industry. This section will introduce you to the fundamentals of handling import documentation, with a particular focus on ocean freight and occasional references to airfreight. As you progress, be prepared to encounter new terminology widely used by international supply chain and logistics professionals. Remember to take notes, as mastering this lexicon is key to success in this ancient and vital field. Welcome aboard!

So you're interested in a role with IMPORTS?  Awesome choice! 

This lecture will guide you through the U.S. Customs and Border Protection process for incoming shipments. We'll begin with Import Security Filing (ISF), also known as 10+2, which covers the fundamental regulations and potential penalties ($5,000 USD) associated with importing goods into the U.S. Additionally, we will review the essential custms clearance documentation (form 3461 & 7501) required to finalize the entry process for imported goods.

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This lecture will cover the critical requirements for importing goods into the United States, beginning with the Import Security Filing (ISF), also known as 10+2, which must be submitted before a shipment departs its origin. We will discuss the specific documentation required, the deadlines for submission, and the potential penalties for late or inaccurate filings. In addition to ISF, we will also delve into pre-importation requirements, including the necessity of a Customs Bond with a minimum surety of $50,000 USD, mandated by US CBP/DHS. To facilitate the ISF and Bond processes, a Power of Attorney (POA) must be executed by a PRINCIPAL, Officer of the Importer of Record (IOR), or the company Owner, granting authority to act on their behalf. This lecture will provide a comprehensive overview of these layered to ensure smooth and compliant US Importation.  Please be sure to download the resource material to walk you through the process. 

REMIND yourself - You got this!  :-) 

Once a shipment is en route to the US, but before it arrives, the required import documentation is submitted to a licensed Customs House Broker to file the Entry for Importation. After Customs clearance is granted, indicated by a "1C" notification, final arrangements are made and necessary documents prepared to dispatch a truck and retrieve the goods. This section will outline this process, providing a simplified guide to help you navigate these steps effectively when handling your own shipments.