FedEx Trade Networks Offers ISF (10+2) Service To Assist U.S. Importers with Compliance

MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Trade Networks, Inc., a subsidiary of FedEx Corp. (NYSE: FDX), has announced a comprehensive service designed to assist customers in meeting the new requirements of U.S. Customs and Border Protection’s (CBP) Importer Security Filing and Additional Carrier Requirements, commonly referred to as ISF or 10+2.

Under the new ISF regulations, at least 24 hours before ocean cargo is loaded onto a vessel bound for the U.S., U.S. importers are responsible for electronically transmitting ten additional data elements to CBP.

“CBP’s ISF regulations affect many of our customers, so it was a top priority to create a flexible service offering that would not only meet our customers’ needs, but also maintain compliance and still facilitate the flow of trade,” said Leman “Chip” Bown, Jr., managing director of Regulatory Compliance for FedEx Trade Networks.

The new FedEx Trade Networks ISF service offers customers options to best fit their supply chain. Customers can choose to have FedEx Trade Networks file and manage the ISF process on their behalf, or opt to self-file the required ISF data elements via a Web portal.

“Designating FedEx Trade Networks to file ISF data on our customers’ behalf provides them with great benefits,” Bown said. “As a licensed customs broker and leading ocean freight forwarder, we have the experience and resources to transmit the required information to CBP within the regulatory time frame while keeping customers’ shipments moving.”

The FedEx Trade Networks self-filing option utilizes the company’s Web-based My Global Trade Data system for immediate, 24/7 secure access to produce customs-formatted ISF messages. Additionally, customers can access real-time shipment data and track ISF and entry summary information from a single source. Because the system is Web-based, there is no software to download and upgrades occur automatically.

While CBP has indicated a flexible enforcement period for the next 12 months, FedEx Trade Networks is already successfully filing ISF data for some customers. The company recommends that its customers make a good faith effort to comply with the new regulations as soon as possible. As preparatory support, FedEx Trade Networks continues to offer educational seminars to assist customers in meeting the ISF requirements. Additional information, including how to register for a free ISF Web seminar, is located on the company’s ISF Web page located at: http://ftn.fedex.com/10plus2.

About FedEx Trade Networks

FedEx Trade Networks has more than 100 years of experience in international trade and is one of the largest-volume customs entry filers in North America. The company’s advanced technology and network of worldwide allies enables it to provide comprehensive customs brokerage, ocean and air international freight forwarding, distribution and surface transportation, trade advisory services, and advanced e-commerce and trade facilitation solutions. FedEx Trade Networks has the resources and support to help customers of all sizes navigate the intricacies of shipping goods globally. For more information visit www.ftn.fedex.com.

About FedEx

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $39 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 290,000 employees and contractors to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information visit news.van.fedex.com.