Avoid U.S. Customs ISF Penalties with Compliance-Trek!

Huntington Beach, California - July 25, 2009 - Freightgate, a global industry leader in Web 2.0 technology supply chain software solutions, today announced that U.S. Customs and Border Protection (CBP) has published Penalty Mitigation Guidelines for ISF 10+2 Importer Security Filing Program.

On July 17, 2009, U.S. Customs and Border Protection (CBP) published in its CBP Bulletin mitigation guidelines for the Importer Security Filing ISF 10+2 program. According to the guidelines, there are potentially three situations for which liquidated damages may be issued:

- Inaccurate submission of an ISF: CBP will issue a liquidated damages case in the amount of $5,000.

- Late submission of an ISF: CBP will issue a liquidated damages case in the amount of $5,000.

- Failure to withdraw an ISF: CBP will issue a liquidated damages case in the amount of $5,000.

No liquidated damages will be assessed for the failure to file an ISF if no bond is in place. CBP will withhold the release or transfer of goods for which no ISF has been filed until all ISF information is received. CBP will also reserve the right to limit the permit to unlade goods for which no ISF has been filed and, if unladen, those goods may be subject to seizure. The mitigation guidelines become effective July 17, 2009.

Freightgate‘s Compliance-Trek! simplifies compliance with the U.S. Customs and Border Protection 10+2 Importer Security Filing ISF requirements. Re-usable templates eliminate redundant data entry by storing parties, items, HTSUS numbers and all other pertinent information. At the click of a button, the required data elements are transmitted directly to U.S. Customs and Border Protection CBP.

Compliance-Trek! exclusive features makes secured information available to the people who need to know in real time with integrated RDV (Role Dependent View) technology. Compliance-Trek! is a stand-alone SaaS module of Freightgate's innovative PLTX platform which is easy to integrated into ERPs and other systems. Compliance-Trek! allows importers to file information from any worldwide location providing end-to-end supply chain visibility and close collaboration with suppliers, forwarders, customs brokers and ocean vessel carriers avoiding penalties and shipment delays.

Test-Drive Compliance-Trek! today. Contact Freightgate on the web at www.freightgate.com , email sales@freightgate.com or call (714) 799-2833.

Contact:
Mr. Martin Hubert - President
Freightgate Inc.
15061 Springdale St, Ste 111
Huntington Beach, Ca 92649
Website: www.freightgate.com
Phone: (714) 799-2833



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