J&J International Trade Notice 2002-8

April 18, 2002

Canadian Softwood Lumber

Preparing for Worst Case – Injury or Threat of Injury

In the event (read as certainty) the ITC determines either "Injury" or "Threat of Injury", in preparing you for the pay-as-you-go cash tendering mandate which will go into effect upon publication, we’ve already provided you the full details and necessary forms (Jones & Jones Trade Notice 2001-11) in which to go on-line with U.S. Customs’ ACH (Automated Clearing House) Daily Statement Payment Program. This program involves the Importer of Record setting up a special account in a U.S. National Automated Clearinghouse Association (NACHA) participant bank from which daily withdrawals of CVD/AD amounts will be made by U.S. Customs – specific and restricted to entry submissions. Some of you have applied and are already on-line with this ACH Program. If not, we advise doing so at your earliest opportunity.

An alternative and LAST RESORT would involve a cash deposit in an amount sufficient to cover pay-outs made by the broker to U.S. Customs on their behalf. Such cash deposits must be in an amount sufficient to cover shipping volumes associated with a four-week timeframe. We will invoice ACH client fees in their normal manner (weekly), but provide a daily ACH duty accounting - based upon ninth day. Cash deposits will involve weekly billing only, replenishing the client’s account from remittances from which the broker will continue to make withdrawals towards further daily pay-outs. Customs Brokers are NOT financial institution (read as "lenders of money"). Jones & Jones Customs Brokers and Trade Consultants will be unable to advance Customs or sub-agents monies not already in the client’s or our account.

We sincerely believe that the "ACH Daily Statement Payment Program" is best for all concerned. However, we will accept "Advance Cash Deposits" if absolutely necessary.

Either program will radically alter normal duty-free or even SEB posting entry procedures, involving daily monitoring and/or written accounting to each client – which because of ninth-day payment or even later ACH withdrawals - will be nine days behind.

We are sincerely hoping to minimize costs, keeping brokerage fees as is, substituting "CVD/AD Duty Management" fees for the $10.00 "CVD/AD SEB Writing" fees.

You were previously provided the ACH data required to fully understand the process, and to make application. Please carefully review your J&J files to retrieve this data, negating the necessity of our re-forwarding the TEN pages involved.

 

Michael D. Jones, President