ISF ENFORCEMENT TO COMMENCE ON JANUARY 26, 2010.

TO AVOID LIQUIDATED DAMAGES, ISFs MUST BE:

• TIMELY FILED 24 HOURS IN ADVANCE OF LADING ON BOARD THE VESSEL AT THE FOREIGN PORT DESTINED TO THE U.S.
• A COMPLETE ISF PROVIDING THE 10 DATA ELEMENTS FOR EVERY ITEM AND PARTY TO THE TRANSACTION.
• THE ISF TO BE UPDATED WITH THE ACTUAL ITEMS AND PARTIES TO THE TRANSACTION AS KNOWN UP TO 24 HOURS OF ARRIVAL OF THE GOODS AT THE FIRS U.S. PORT OF ARRIVAL.

ISF LIQUIDATED DAMAGE PENALTIES: 

• LATE FILING - $5,000 PER LATE ISF FILING WHICH INCLUDES NON-FILING, LATE FILING, OR UNTIMELY FILING OF AN IFS UPDATE AND/OR LATE FILING OF FLEXIBLE ISF INFORMTION.
• INACCURATE FILING - $5,000 PER INACCURATE OR INCOMPLETE ISF FILING.
• AMENDED FILING - $5,000 FOR THE FIRST INACCURATE ISF UPDATE INCLUDING INCORECT UPDATE TO A FLEXIBLE ISF FILING.
• MULTIPLE VIOLATIONS - $10,000 CAP APPLIES TO ANY ONE ISF FILING.

CONTACT YOUR JOHN S. CONNOR ACCOUNT REPRESENTATIVE, SALES REPRESENTATIVE OR THE ISF TEAM FOR FURTHER ASSISTANCE IN COMPLYING WITH THE ISF ENFORCEMENT.