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What is an ISF? An Importer Security Filing (ISF), also known as 10+2, is a filing required by the CBP that documents importing information and details, as shipments pass from point to point. Importers who do not file the ISF properly prior to the shipment of their goods will be penalized (US$5,000 fine).
The party that initiated the reservation of the cargo space often referred to as the booking party is typically the one responsible for the filing of the ISF-5 with Customs officials. In addition to data such as the bill of lading numbers, the CBP requires the following data elements of the ISF-5 to be submitted too.
The ISF Importer is required to submit the Importer Security Filing. The ISF Importer is the party causing the goods to arrive within the limits of a port in the United States by vessel. Typically, the ISF Importer is the goods owner, purchaser, consignee, or agent such as a licensed customs broker.
The ISF is required to be submitted to US Customs and Border Protection no later than 24 hours prior to the cargo being loaded on the vessel destined to the United States.