Electronic Cash News

Importing and exporting is a costly business in terms of complying with all the International documentation requirements. Now the SAFE Port Act will require additional information prior to a ship sailing to an U.S. port. The security filing initiative of this act is called 10+2 because it requires 10 data elements from the importer and 2 data elements from the carrier before a ship sails to an US port. Technology such as EDI and electronic data exchange can solve a lot of things, but it can also support a bureaucracy. I am all for supporting the Homeland, but I would hope some smart people figure out a way for us not to stifle free trade. See SourcingInnovation’s post: 10 + 2 = 690,000,000 for more information.

Tags: EDI, international

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• The Stolen Credit Data Market

This entry was posted on Wednesday, April 9th, 2008 at 3:19 pm and is filed under Electronic Cash News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.