What Does A Brokers Do?
Customs Broker:
The Import Specialist
The customs
broker is a highly-trained import professional. Licensed by the U.S.
Department of the Treasury, the customs broker must possess thorough
knowledge of traffic schedules and Customs regulations and keep
abreast of the amendments made through constant changes in the law and
administrative regulations.
The complexity of
the job is evident when one considers that for every shipment entering
the United States there is an official greeting: 500 pages of Customs
regulations and thousands of tariff items. The broker must be
well-versed in determining proper classifications and dutiable value,
and be fully aware of the vast number of commodities subject to
quotas.
Many brokers help
clients choose modes of transportation and appropriate carriers, which
require analyses of a vast body of data. They also provide assistance
to importers in assigning shipments the best routes. There are
estimates for landed costs, payments of goods through draft, letter of
credit insurance, and re-delivery of cargo if there is more than one
port of destination.
In dealing with
Customs, the broker must be aware of any potential problem involving
every entry item represented, including cargo handling. This includes
all factors affecting appraisement, exchange rates and the many
regulations concerning calculation of duties.
The broker's
operation often transcends Customs, calling for contact with over 40
other government agencies, such as the U.S. Department of Agriculture
(USDA) on meat importation, the Environmental Protection Agency (EPA)
on vehicle emission standards or the Food and Drugs Administration
(FDA) on Product safety.
Source: The
National Customs Brokers & Forwarders Association of America, Inc.