Trade Compliance: Policy & Procedure Documentation
Trade compliance policies & procedures should be documented, trained, implemented and audited.
Start with a high level policy that describes:
- Introduction and Company Background
Background- Company Information
- Company Organization
- Company Trade Compliance Policy
- Purpose of Trade Compliance Manual
- Compliance expectations
- Roles & responsibilities tied to business processes
- Where to go for help
Then operating procedures for all compliance processes:
For Imports-
- Import Processes – Ocean Cargo / Air Cargo
- Customs Entry Process Flow
- ISF Process Flow
- Entry File Creation (Forwarder/Broker)
- Recordkeeping
- Classification including responsibility & resources
- Classification Process
- General Rules of Interpretation
- Classification Documentation
- Valuation – Appraisement of Imported Merchandise
- Value Reconciliation
- COO (Country of Origin) marking
- Post Entry Audits
- Training
The above are just some of the basic procedures and processes — others likely needed. Comprehensive processes could you make you eligible for the Importer Self Assessment Program.Check out an example from the Focused Assessment Program
For Exports-
- Export Processes – Ocean Cargo / Air Cargo
- Classification – Schedule B or HTSUS
- Classification Process
- Classification Documentation
- Export Classification
- Export Classification Process – ECCN
- Is a License required?
- Is Destination a Embargoed or Sanctioned country?
- CCL, OFAC, ITAR?
- Classification Documentation
- Export Classification Process – ECCN
- Export Screening
- Destination
- End-use
- End-user
- Export Screening documentation
- Recordkeeping
- Post Export Declaration Review & Audits
- Training
Again, the above are just some of the basic procedures and processes — others likely needed.
Please feel free to contact us here at Superior Freight Services, Inc. if you have any questions: superior@supfrt.com or call us 866.548.7850
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