Foreign Trade Statistics Regulations 15 CFR Part 30 Exporter.ppt

Foreign Trade Statistics Regulations15 CFR Part 30Exporter/Forwarding Agent ResponsibilitiesProvisions for Power of Attorney/Mail Shipments Software Transmission TRADE’S RESPONSES TO THE PROPOSED RULE Specify SED/AES record is for statistical purposes Clarify Forwarding Agent responsibilities in a routed transaction Clarify Exporter liability concerns in a routed transaction Add manufacturer/seller box/field to SED/AES Confidentiality of Exporter’s EIN Implication on consolidated/containerized shipments Clarify conformity of documents provisions U.S PRINCIPAL RESPONSIBILITIES Routed Export Transaction Provide basic commodity information to the Forwarding Agent for completing the SED, including exporter name, EIN, and Schedule B number. Maintain documentation to support the information reported on the SED. [Note: In a routed export transaction the U.S. principal party in interest is not required to provide the forwarding agent with a power of attorney for preparing the SED]. WHO GOES IN BOX 1(A) ON THE SED The U.S. Principal Party in Interest - The person in the U.S. that receives the primary benefit, monetary or otherwise, of the export transaction. GENERALLY THAT PERSON CAN BE THE: U.S. Seller (wholesaler/retailer/vendor) of the merchandise for export. U.S. Manufacturer (if selling merchandise directly for export) U.S. Order Party (U.S. party who negotiated with the foreign principal and received the order for the merchandise); A Foreign person/entity (operates from within the U.S. to facilitate the export and signs the SED). EXPORTER’S EMPLOYER IDENTIFICATION NUMBER Section 30.91 prohibits disclosure Forwarding agent prohibited from releasing copies of the SED/AES record for unofficial purposes Reporting requirement on SED/AES Appears on numerous business/financial documents CONSOLIDATED/CONTAINERIZED EXPORTS Shipment is merchandise shipped from one exporter to one consign