Customs
and Shipping, AES, Incoterms:
ITC Strategies can assist your company in developing a strategy to
successful control your inbound and outbound shipping requirements.
On the import side, ITC Strategies can assist with:
• Import Management
• Management of Customs Brokers
-- Contract negotiation
-- Audits of current Customs Brokers
• HTS classification
• Customs Rulings
• Developing a Duty Avoidance strategy
On the export side, ITC Strategies can assist with:
• Understanding and application of Incoterms
• Management of Freight Forwarders
-- Contract negotiation
-- Audits of current freight forwarders
• Schedule B/HTS classification
• AES process and filing
• Proper Shipping Documentation
Automated Export System (AES)
The Automated Export System (AES) is the system used by
exporters to electronically declare their international exports, known as
Electronic Export Information (EEI), to the Customs and Border
Protection (CBP). The information is also shared with the Census Bureau to
help compile U.S. export and trade statistics. Formerly, this declaration
was only made by the paper Shipper's Export Declaration (SED) form. After the EEI data is successfully filed and processed, the
shipper will receive an Internal Transaction Number (ITN) to put on the
shipping documents, as a confirmation to any CBP agents inspecting the cargo
prior to departure.
There are various methods for a company to use in filing the EEI
electronically to the AES including, authorizing a freight forwarder,
customs broker, or third-party logistics agent to file the EEI data on your
behalf.
ITC Strategies can help determine which method makes the
most sense for your business and ensure it is done correctly for the
business.
Incoterms
International Commercial terms (Incoterms) are a series of
international sales with terms, published by International Chamber of
Commerce (ICC) and widely used in international commercial transactions.
These are accepted by governments, legal authorities and practitioners
worldwide for the interpretation of most commonly used terms in
international trade. They are intended to reduce uncertainties arising from
different interpretation of such terms in different countries. The scope of
which are limited to matters relating to rights and obligations of the
parties to the contract of sale with respect to the delivery of goods sold.
They are used to divide transaction costs and responsibilities between buyer
and seller and reflect state-of-the-art transportation practices.
ITC Strategies has extensive experience and is well versed in the
use of Incoterms. We can assist companies in understanding the obligations
associated with certain terms and advise on which are more advantageous or
applicable for particular transactions.
