Importer Security Filing (ISF), formerly known as the 10+2 rule, is a requirement for Importers and Carriers to provide to CBP advance data elements for ocean shipments arriving into the United States. Everyone that imports ocean cargo must file an ISF. This filing allows CBP to ensure cargo safety and security by identifying high-risk shipments and prevent smuggling of terrorist weapons into the U.S.
The importer is responsible for filing an ISF and failure to do so can result in a penalty of $5,000 in liquidated damages per violation. Miami Valley Worldwide can help you with this filing.
The ISF requires a bond to secure the transaction. An importer with a continuous bond has already covered both the ISF and the ENTRY. If an importer does not have a continuous bond, the importer can obtain a single bond to cover the ISF – up to five single bond filings in one year. CBP then requires further transactions to be secured with a continuous bond.
The ISF requires the following information for regular cargo:
Download the ISF 10+2 Form to get started.