This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Descartes Releases New Version of ISF "10+2" Solution as Penalty Deadline Nears 2009-10-28 06:45 ET - News Release WATERLOO, Ontario, Oct. 28, 2009 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), a federated global network logistics solutions provider, announced the release of its latest Importer Security Filing (ISF) "10+2" compliance solution that helps customers be ready for the January 26, 2010 mandate date.
On November 25, 2008, U.S. Customs & Border Security (CBP) released a rule on importer security filings (ISF), also known as the "10+2" rule. As of January 26, 2010 the penalty phase will begin and organizations will face significant fines if they are not in compliance with the regulation. The ISF rule makes for a more complicated filing because it is a multi-party process that requires importers to provide CBP with 10 data elements about ocean shipments inbound to the U.S. at least 24 hours prior to vessel departure, and ocean carriers to provide 2 data messages at least 48 hours prior to vessel departure.
The latest release of the Descartes ISF service incorporates the recommendations of the Descartes 10+2 Readiness Program, the Descartes Customs Working Groups and the many Descartes customers already processes ISF filings. Enhancements include the addition of operational data elements that allow users to collect non-mandatory data elements within the ISF data entry functions; expanded filtering and searching capability and use of these operational data elements; extended e-alerts functionality for better exception monitoring; a new parts database (i.e. manufacturer or importer) to support Harmonized Tariff Schedule (HTS) classifications and updated user permissions among other things.
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