GDLSK

BUYING DDP – UNDERSTANDING AND MANAGING THE COMPLIANCE RISKS

Erik Smithweiss, a partner resident in the Los Angeles office of GDLSK, will be conducting a webinar for the Los Angeles Customs Brokers and Freight Forwarders Association (LACBFFA) on Thursday, August 12, 2021 from 11:00 a.m. – 12:00 p.m. PDT on the topic of Buying DDP – Understanding and Managing the Compliance Risks.  Companies often purchase DDP to avoid the expense and liability of being importer of record. The reality is that problems can arise with the IOR’s “right to make entry” or the admissibility of goods, which can cause significant supply chain disruption.  DDP buyers can also be liable for penalties and duties in certain situations under 19 USC 1592 and the False Claims Act, even though they were not the importer of record. This webinar will identify the risks and ways to mitigate them from the perspective of importers and customs brokers.

For more information and to register for the webinar, please click on the link below.

https://www.lacbffa.org/events/buying-ddp-understanding-and-managing-the-compliance-risks

If you have questions about the topic, please contact Erik Smithweiss at esmithweiss@gdlsk.com.

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