Today on the International Trade Resources Podcast, our host Kim Kirkendall is joined by Nathan Reed, a licensed customs broker and Director of Customs and Foreign Trade, to discuss the importance of knowledgeable and reliable customs brokers. Navigating the complexities of international trade regulations and customs compliance can be complex, and knowing how to make the most of your relationship with a trusted customs broker can simplify the process!
First, Kim and Nathan dive into the functions and responsibilities of customs brokers, which include; transmitting data to ensure import shipments clear customs, communicating with freight forwarders and carriers, calculating duties and taxes. Brokers can also arrange transportation, support HTS determination, record-keep, and support customs audits.
Next, Nathan lends advice on how companies should leverage the knowledge of their customs broker partners on import regulations and compliance. The customs brokers have an understanding of product requirements, can provide guidance on record-keeping and compliance, and advise on proper duty and tax application.
Lastly, Kim and Nathan explore considerations for companies who are looking to retain a customs broker directly. This includes how to find a good customs broker, the importance of considering service levels, assessing the broker's knowledge and expertise, evaluating value-added services, and ensuring sufficient staffing and support from the broker.
Listen now and start exploring ways you can leverage your custom broker’s expertise today!
KEY TAKEAWAYS:
- The often overlooked functions and responsibilities of customs brokers
- Advice on how companies should leverage the knowledge of their customs broker partners on import regulations and compliance
- Considerations for companies looking to retain a customs broker directly
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Disclaimer: The content of this podcast is for informational purposes only and does not constitute legal or commercial advice. We provide no guarantee for the accuracy of the information provided. Reproduction or transmission of this podcast is strictly prohibited.
