Regulatory & Legal Framework Flashcards

Which country signed the first Mutual Recognition Arrangement with the United States for CTPAT?

Answer: New Zealand

The U.S. and New Zealand signed the first CTPAT MRA in June 2007.

In what year did the U.S. and the EU sign their MRA recognizing CTPAT and EU AEO?

Answer: 2012

The U.S.-EU Mutual Recognition Decision was signed in May 2012.

What must a company already hold before it can join CTPAT Trade Compliance (formerly the Importer Self-Assessment program)?

Answer: CTPAT security program membership

Trade Compliance is open only to importers already in the CTPAT security program.

Under 19 U.S.C. 1592, which level of culpability carries the highest maximum civil penalty?

Answer: Fraud

Fraud penalties can reach the domestic value of the merchandise.

What does the Importer Security Filing (ISF or '10+2') rule require for ocean shipments to the U.S.?

Answer: Importer data 24 hours before vessel loading abroad

Importers must file 10 data elements no later than 24 hours before lading at the foreign port.

Which statement correctly describes how an MRA affects a CTPAT member's goods?

Answer: The partner customs administration treats the member's status as low risk in its own risk assessment

An MRA lets each customs administration recognize the other's validated partners when assessing risk.

Under the SAFE Port Act, by when must CBP generally validate a newly certified CTPAT participant's security measures?

Answer: Within 1 year of certification

The Act requires validation within one year of certification.