February 18, 2009

Exports to International Waters (vessels, buoys, offshore iinstallations)

I highly reccomend to review news posted by Douglas N. Jacobson. Yersterday, Mr. Jacobson recited Census Bureau memorandum called FTR Letter No. 3. Several issues worth noting and for some of us revisiting. First, the AES filers must utilize new "IW" export information code. Second, if one exports BIS licensed commodity, filer must use country of destination and ultimate consignee as indicated on that license. Third, if one exports non-BIS licensed commodity, then filer must use "nationality of the person(s) or entity assuming control of the item(s)." Lastly, AES filers are to report only those commodities that are valued over $2500 / Shedule B and/or those commodities that are subject to license (regardless of value).