During a recent webcast hosted by Integration Point, Michael D’Oust, President and CEO of PointTrade Services, Inc., discussed savings within supply chains using a multitude of Foreign-Trade Zones (FTZ).

Now, he answers your most pressing questions from the webcast:

Q: How can I measure my potential savings to decide if further investigation is needed?

We generally recommend starting with the best available source of information, which is typically a company’s Automated Commercial Environment (ACE) import data. This information will provide the basis for the FTZ financial feasibility analysis to determine what the initial (first year) and ongoing estimated savings will be by operating under zone procedures. Once this data is collected, a financial feasibility analysis can be performed. Our firm (PTSI), as well as many other consultants, conduct financial feasibility studies at no cost to determine the sensibility of a project. 

If you do not have access to your ACE account, you may also request your broker provide the import data for the past 12 months as the basis. Note that it is important to consider that many companies that have multiple business divisions may have multiple Importer of Record (IOR) numbers, so be careful to consider this when performing the analysis. There can also be many nuances to performing a financial feasibility study to identify which imported shipments should be included or possibly excluded from the study.

Incoterms: What’s Ruling Your Supply Chain?

Thursday, November 2, 2-3 p.m. EDT

Jenae Ciecko, President, Copper Hill Inc.

As an importer or exporter, you must agree with your trading partner on terms related to costs and other aspects of the delivery of the goods. It can be difficult to decide which Incoterms® are best for your supply chain.

Join Integration Point for a 60-minute webcast on the meaning of each term and where responsibility is placed both from a transportation and Customs perspective, as well as best practices to minimize risks and costs. From a buyer and seller perspective, President of Copper Hill Inc. Jenae Ciecko will discuss:

  • The pros and cons to each term
  • Risks associated with Delivered Duty Paid (DDP)
  • Uncertainties involving Ex Works (EXW)

A Q&A session will follow the webcast.

Want to learn more?

Free Educational Webcast:

Incoterms: What’s Ruling Your Supply Chain?

Thursday, November 2, 2-3 p.m. EDT

Presenter: Jenae Ciecko, President, Copper Hill Inc.

 Click Here to Register.

 

Free Integration Point Webcast

Preparing for Increased Anti-Dumping/Countervailing Duty Enforcement in the U.S.

 Thursday, October 12, 2-3 p.m. EDT

Wade Gerdemann, Founder and Chief at Newport Trade Services

Jeff Bensing, Principle at Mercor Consulting

The ongoing implementation by U.S. Customs & Border Protection (CBP) of enhanced Anti-Dumping/Countervailing Duty (AD/CVD) enforcement policies and procedures is having a direct impact on U.S. importer operations. These steps are an indication of the importance that the current U.S. administration places on prioritizing trade enforcement actions.