Using US Customs FREE ACE Portal to Improve Import Compliance & Identify Strategic Opportunities

Duration: 60 Minutes
Join this session by expert speaker Randi S. Waltuck Barnett to see a practical demonstration of establishing a FREE US Customs ACE portal account, extracting meaningful reports on a timely basis, and best practices for analyzing extracted data. Also, find hidden data sources to help you ensure that you have complete and accurate data at your disposal, to prove that you are exercising reasonable care, and mitigating your import compliance risks. Lastly, learn how to use the ACE reports data to identify not only your potential import compliance risks, but some potential strategic trade opportunities for possible landed-costs savings.
US Customs FREE ACE
Product ID: 501876
Since the US Customs Modernization Act, which entered into force in 1994, the responsibility and liability to conform to all material Customs Laws and Regulations has fallen squarely on to the Importer of Record. All US importers have the legal responsibility to "exercise reasonable care" in all aspects of their importations. Various tools such as ACE Accounts, US Customs own website, provides access to transactional import data, allowing importers to identify potential material violations, and implement corrective measures for risk mitigation. In addition, ACE extract reports can provide a window into finding data-driven strategic trade opportunities for potential enhanced bottom-line activity.

Objectives of the Presentation
  • Understand your legal obligations as a US importer
  • Learn what ACE is and what it is not
  • Identify ways to capture all of your import data, even if not reflected in any ACE report
  • Learn how to establish your own FREE ACE account via the US Customs Web portal
  • See what ACE Data looks like
  • Identify best practices for using ACE Data for on-going internal controls for your US import transactions
  • Learn how to use ACE data to mitigate the risk associated with identified violations
  • Identify landed cost-saving opportunities based on ACE data analyses
Why Should you Attend
Under the US Customs Modernization Act (the "Mod Act"), US importers are obligated by law to "exercise reasonable care" with respect to their import activities. To ensure compliance with all applicable laws and regulations, US Importers employ various "best practices" to meet this legal standard, or face potential penalties for material violations. Further, knowledgeable importers can use import data to identify potential trade strategies to assure that they are paying the lowest legal minimum duties, and there-by reduce their total landed costs.

Areas Covered
  • What are the essential areas under the US Customs Modernization Act (Mod Act) that I can review using free ACE data?
  • How can I set up an ACE account for my company?
  • Are there other US Imports that I won't find in the ACE data, and if so, how can I gain access to that data?
  • What ACE reports can I use to see my company's import activity?
  • What are some best practices for reviewing the ACE report data to mitigate risks?
  • How can I use the ACE report data to find cost-saving opportunities?
Who will Benefit
Individuals associated with the following industries:
  • Import Compliance
  • Customs Compliance
  • Global Trade Solutions/IT
  • Supply Chain & Sourcing
  • Legal
  • Finance
  • Purchasing
  • Risk Management
Topic Background
U S Customs, among other tools, provides US Importers access to their transactional import data under the "shared responsibility" requirements under the US Customs Modernization Act. Importers, under their obligations, can use this data to reduce risk of penalty for violations, as well as identifying trade opportunities for potential cost savings.
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  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
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Instructor Profile:
Randi Waltuck Barnett is a highly regarded global trade professional, having created and implemented global and domestic trade compliance programs across many industries for companies large and small. Her experience includes oversight of a $5B, 65-location division of Honeywell, a $3B, 17-location division of Motorola, and global trade optimization for Dell, Inc., among others.

Ms. Barnett has worked in the international trade arena in various industries for nearly 20 years. Her professional accomplishments include multi-million dollar global supply chain savings under various legal theories, as well as end-to-end global trade mitigation processes and procedures, identifying right sized technology tools, including "compliance on a shoestring" practices.

She has served on councils and boards for various organizations, including the American Association of Exporters and Importers (AAEI), the Organization of Women in International Trade (OWIT), is a charter-member of the International Compliance Professionals Association (ICPA), and a frequently sought-after trade and supply chain conference speaker for various well-known conference organizers, including the International Compliance Professionals Associations (ICPA), the American Conference Institute (ACI), Marcus-Evans, and Richardson Conference Events.

A licensed customs broker, Ms. Barnett holds degrees in International Business, an MBA in Finance, began her pursuit of a J.D. in International Trade Law; she is Lean Six Sigma Green Belt certified and a Motorola Certified Instructor, available to meet any of your trade compliance, operations or global trade strategy needs.
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