Customs Brokerage
Our licensed brokerage team uses a comprehensive approach to manage Customs clearances to ensure your company is compliant with U.S. Customs and Border Protection (CBP) and Partner Government Agency (PGA) regulations. We provide a personalized, streamlined approach to expedite the movement of your goods through customs and on to its final destination. Our customs brokerage services include:
- Importer Security Filing
- Partner Government Agency Filing
- Classification & Valuation
- Customs Clearance
- Customs Bond
- Free Trade Zone
- Post Entry Services
- State Department Import License Clearances
- Vessel Manifest Confidentiality
Customs Filings You Can Depend On
Submitting customs documents late or with inaccuracies may result in added costs, delays, inspections, or fines. Our technology solutions provide seamless coordination with all relevant agencies and provides stakeholders with real-time, actionable alerts to ensure your entry documents are submitted on time.
Peace of Mind Knowing Your Goods are Correctly Classified
Before importing a product into the U.S., you must identify its Harmonized Tariff System (HTS) Code to correctly calculate duties, taxes, and tariffs. Our knowledgeable customs brokers will help you validate product classifications to prevent costly mistakes and ensure your shipments arrive at their destination compliantly.
Industry Expertise, Cutting Edge Technology
With decades of experience, our licensed customs brokage team is ready to help you safely navigate the challenges and complexities of global trade. And with real-time collaboration and shipment updates, as well as access to your transaction documents at the touch of a button, you will always know the status and location of your cargo.
Benefits of OCEANAIR’s Streamlined Customs Program
- Trade Management: Optimize the use of duty suspension, duty drawback, and Free Trade Agreements to lower your costs and reduce working capital.
- Customs Management: Prepare and process customs declarations, calculate duties, organize inspections, or offer support in applying for customs licenses, beneficial customs regimes, and other helpful resources.
- Data Management: Gain valuable insight into your supply chain operations with the following entry reports:
– Entry Summary Report
– Shipment Summary Report
– Liquidation Report
– Entered Value Report
– Shipments Not Released Report
– Cargo Release Report
– Custom Reports (based on your own unique specifications)
- Compliance Management: Assess your supply chain, perform post-import audits, and develop proactive processes to mitigate the risks of penalties and fines.
- Information Management: Stay up-to-date with changes in customs regulations, requirements, or procedures that may impact your business.
Value Added Brokerage Services
Our value-added services include:
Remote Location Filing
OCEANAIR will process the electronic submission of your entry data through RLF for all U.S. ports of entry.
Entry Review Program
We will conduct a review of your customs entries to ensure that key entry data and tariff information has been accurately captured.
Parts Database
We will work with you to develop a database of your products at the part level to ensure smooth and timely filing and reduce cycle and clearance times.
Tariff Verification Program
We will determine the proper classification for your products, ensuring compliance with applicable regulations, preventing lengthy clearance delays, and minimizing financial risks.
Landed Cost Analysis
An experienced broker will conduct an analysis of your product’s landed cost, providing you with valuable insight into your gross margin and ensuring accurate profit analysis.
EDI
OCEANAIR’s EDI is capable of exchanging the full industry line of commercial, logistics and regulatory documents with high-speed, real-time message transfer. We maintain full EDI links with CBP for ACE and AES
Duty Drawback
What is Duty Drawback? The duty drawback law, pass by Congress in 1789, allows importers to receive refunds of import duties on merchandise that is later exported. By providing refunds of import duties and taxes, American exports are more attractive to foreign buyers due to their more competitive pricing. Imported merchandise can be exported in either the same condition in which it was imported (Unused Merchandise Drawback) or following a manufacturing process (Manufacturing Drawback).
Duty drawback is a complex area with a vast array of rules, regulations and limitations. With over 35 years in business, OCEANAIR has the experience needed to assess, implement, and manage your duty drawback recovery program. Our drawback experts ensure that our clients recover all duties, taxes, and fees to which they are entitled under the law.
Our duty drawback program will maximize your duty and tax recoveries by:
- Conducting an assessment of your potential drawback program
- Identifying opportunities and suggesting strategies for maximizing recoveries
- Assisting with documentation preparation and claim filing
- Implementing and managing your drawback program
- Providing audit support
Every year, billions of dollars in duty drawback refunds go unclaimed
Does your business qualify for the drawback program? We can review your case to determine eligibility and help you identify opportunities for additional drawback recovery.
Import Compliance
One of the most significant challenges companies face in today’s international marketplace is effectively moving products around the globe while adhering to the increasingly strict trade compliance laws. While protecting your business from damaging commercial and financial penalties resulting from trade compliance issues can be an overwhelming task, OCEANAIR will help you navigate safe passage for your imports. At OCEANAIR, our core value is keeping you compliant in all facets of demand driven supply chains. We are here to protect, consult, and advise our customers of the ever-changing market conditions.
- Regulatory Compliance
- ACE Portal Setup/Training
- Product Classification and Valuation
- Binding Rulings
- Duty Drawback
- Broker-Known Import Program
- Post Entry
- Reconciliation
- Customs Audit Preparation
Incoterms 2020
Incoterms are a set of internationally recognized rules published by the International Chamber of Commerce, for interpreting the most commonly used terms in foreign trade. Incoterms clearly communicate the division of the cost of carriage and risks associated with the international transportation and delivery of goods between the parties involved in the transaction. Incoterms also influence the customs valuation basis of the imported merchandise.
Our experts can assist you with:
- Understanding the responsibilities between buyer and seller in terms of risk, obligation, and costs
- Using incoterms to minimize your company’s exposure, reduce risk, and lower costs
- Understanding how to incorporate proper usage of incoterms into proforma and commercial invoices
- Addressing title transfers when providing quotations or letters of credit
