Services

In House Broker
Bonded Warehouse (G.O.,Warehouse Entry & FTZ)
Fright Forwarding
Logistics
Distribution Service

Forms and Descriptions

Class 11 Warehouse

US Customs allows merchandise imported under bond to remain in its territory 15 days after it arrives at the port of destination. Shall the merchandise need to stay within the USA past it allotted time a General Order may be filled. Under
a G.O. the goods can stay in a bonded warehouse for up to 6 months from the day of importation.
If after 6 months the goods have not been documented or duties/fees paid, they will be sold at auction, donated to charity or retained by the Government.

Lien

The right to take and hold or sell the property of a debtor as security or payment for a debt or duty.

General Order Form.

Class 3 Warehouse

Bonded Merchandise can also be stored under a Warehouse Entry. These are several advantages of the Warehouse Entry over G.O. entry.
Goods entered under a Entry type 21 can remain in the bonded warehouse for up to 5 years from the date of importation. Another advantage of the warehouse entry is the ability to make partials withdrawals.

Power of attorney

A legal instrument authorizing one act as another's attorney or agent.

Warehouse Entry Form.

Class 3 - Entry Type

Record the appropriate entry code by selecting the two-digit code for the type of entry summary being files. The first digit of the code identifies the general category of entry (i.e., consumption = 0, informal = 1, warehouse = 2). The second digit further defines the specific processing type within the entry category. The following codes shall be used:

         Consumption Entries
               Free and Dutiable                                                   01
               Quota/Visa                                                              02
               Antidumping/Countervailing Duty(AD/CVD)     03
               Appraisement                                                                                     04
               Vessel Repair                                                                                     05
               Foreign Trade Zone Consumption                                                   06
               Quota/Visa and AD/CVD combinations                                          07
               Duty Deferral                                                                                       08
   Informal Entries
               Free and Dutiable                                                                              11
               Quota other than textiles                          12
         Warehouse Entries
               Warehouse                           21
               Re-Warehouse                                                                                   22
         Temporary Importation Bond 23
   Trade Fair                           24
   Permanent Exhibition                                                                     25
               Foreign Trade Zone Admission                                                      26
        Warehouse Withdrawal
               For Consumption                                                                            31
               Quota/Visa                                                                                    32
               AD/CVD                                                                                        34
               Quota/Visa and AD/CVD combinations                            38
        Government Entries
               Defense Contract Management Command (DCMAO NY)
               Military Only (P99 files)                                                                   51
        Note:When the importer of record of emergency war materials in not
                 a government agency, entry type codes 01,02,03, etc., as appropriate,
                 are to be used
Transportation Entries
Immediate Transportation    61
                Transportation and Exportation                                                     62
                 Immediate Exportation                                                      63

Automated Broker Interface (ABI) processing requires and ABI status indicator. This indicator must be recorded in the entry code block. It is to be shown for those entry summaries with ABI status only, and must be show in one of the following formats:

                 ABI/S = ABI statement paid by check or cash.
                 ABI/A = ABI statement paid via Automated Clearinghouse (ACH)
                 ABI/P = ABI statement paid on a periodic monthly basis
                 ABI/N = ABI summary not paid on a statement
Note: Either a slash (/) or hyphen (-) may be used to separate ABI from the indicator (i.e., ABI/S or ABI-S).

A "LIVE" entry is when the entry summary documentation is filed at the time of entry with estimated duties. Warehouse withdrawals are always considered "LIVE" entries. When a "LIVE" entry/entry summary is presented, an additional indicator is required to be shown in the following formats:

                 ABI/A/L = ABI statement paid via ACH for a "live" entry/entry summary
                 ABI/N/L = ABI "live" entry/entry summary not paid on statement
                 "LIVE" or "L" = non-ABI "live" entry/entry summary

Class 8 Warehouse

For the purpose of cleaning, sorting, repacking, or otherwise changing in condition, under Customs supervision and at the expense of the proprietor. Long as the submit to Customs a permit (Blue Card) for this activity.

Blue Letter Form.

A foreign-trade zone is a designated location in the United States where companies can use special procedures that help encourage U.S. activity and value added – in competition with foreign alternatives – by allowing delayed or reduced duty payments on foreign merchandise, as well as other savings.

FTZ Permit

Benefits of Utilizing a Foreign Trade Zone

Made in USA Label

Since the U.S. added value is not subject to duty, a manufacturer that adds U.S. content to foreign product at a rate of 51% or more may qualify for the "Made in the U.S.A." label thus avoiding duty altogether.

Ease of Paperwork & Quick Turnaround

When using a FTZ, place foreign (bonded) products in an FTZ does not require complicated warehouse entry procedures, and domestic merchandise may be admitted with a simple packing list. Specific merchandise ID is unnecessary. Weekly entry procedures significantly reduce paperwork and expense.

Storage

Imported merchandise may be stored for an uncertain or prolonged period of time, destined for various locations and may be exhibited for potential buyers. This allows cash flow and interest expense savings. Businesses may have sufficient quantity of merchandise available for market and potential buyers to examine U.S.

International Returns

A number of firms that export a percentage of exports returned to the U.S. Customs duties are owed each time merchandise of foreign origin that has not been registered with Customs is returned. This further avoids the problem of American Goods Returned that are not American.

Avoidance of Quota Restrictions

Quota merchandise may be stored in a FTZ duty-free until the next quota period reopens.

Temporary Removal

Products may be removed from a FTZ for 120 days while under bond for repair or exhibition.

Tax Savings

In a contract or bonded warehouse, inventory taxes are levied on January 1st of each year on all merchandise. In a FTZ, foreign merchandise is not taxed and domestic merchandise held for export is not subject to any state or local ad valorem taxes

Avoid Fines & Penalties

A FTZ offers importers the unique ability to interact with their merchandise prior the Customs review, thus allowing for greater control over shipments, minimizing risks and acting as a final check point, allowing companies to avoid fines and penalties. Also, a FTZ is the only place where an importer con commingle foreign (bonded) and domestic goods.

Export Savings

U.S. domestic goods may be shipped into a FTZ and considered exported for the purpose of duty drawback and excise-tax rebates. No U.S. Customs duties are paid on merchandise exported from a FTZ.

Savings on Merchandise Processing Fees (MPFs)

FTZ importers may consolidate all shipments into one weekly entry, avoiding multiple fees.

Direct delivery to your facility

Customs inspectors visit your site; deliveries are not held up at a distant port of entry; containers remain sealed until shipment reach your facility. Special direct delivery procedures expedite the receipt of merchandise in company facilities, reducing inventory cycle time. Cargo insurance rates should be reduced, up to 40%, because imported merchandise is shipped directly to a FTZ.

Not in U.S. Customs Territory

FTZs are not in U.S. Customs territory; therefore, duty is paid only when imports are shipped into Customs territory. No duty is owed on in-bond, FTZ to FTZ transfers of FTZ merchandise. Inventory may be held in a FTZ without duty payment.

Savings on consumed, unusable, or not in use materials

Duties are reduced or eliminated subject to defect, damage, obsolescence, waste, and scrap. Spare parts may be stored, returned, or destroyed without paying duty. Quality control inspections can identify substandard goods to be destroyed without duty payment. Materials consumed in FTZ processing are generally not subject to duties.

Saving on Non-Material Expenses

Duties are not owed on labor, overhead, or profit attributed to FTZ production operations. If the same production operation were done overseas, the value of labor, overhead, and profit would be subject to duty.

More choice on Duty Rates and Methods

FTZ users may pay the duty rate on component material or merchandise produced, whichever is lower. In some cases, the rate may be zero or "duty free". The reduction or elimination of U.S. Customs duty is significant. Businesses may elect to freeze duty rates are schedule to increase or when a manufactured product's duty rate is higher than that of its components. First-in first-out and foreign first methods are acceptable.

Under Customs Supervision

Because FTZs are under Customs supervision of procedures, the FTZ user saves on individual security expenses and insurance. Duty payable on FTZ merchandise need not be included on insurable value. Increased accountability can reduce problems with inaccurate inventory, receiving and shipment, and helps track waste and scrap.

Savings on Fees

FTZ users may pay harbor maintenance fees quarterly, creating a cash flow advantage. Users may be able to reduce Customs brokerage fees.

Saving on Machinery Duties

Machinery for use in a zone may be assembled and installed before duties are owed on either the parts or the finished product rate.

Reduction on Federal Laws

Merchandise may be admitted into FTZ without being subject to a wide array of Federal laws that would otherwise prohibit the importation. Upon shipment into a U.S. Customs territory, the merchandise must meet all applicable requirements.

Ability to Adjust to Changing Laws

As U.S laws and specially U.S. Customs laws change, location in a FTZ allows a firm greater flexibility in addressing these changing circumstances.

Better Ability to Complete

Inside FTZs, many companies are able to archive such dramatic savings that can effectively compete with manufacturing plants located outside the U.S.

Saving on Distribution

Freight carriers usually charge by weight or size. In many instances, partially disassembling an item enables a shipper to fit more items into container. When a company ships in bulk of assembly in a FTZ, it can often lower its per unit transportation costs.