CEVA opens Foreign Trade Zone operation in Miami

Global third-party logistics (3PL) services provider CEVA Logistics recently announced that it opened up a new Miami-based Foreign Trade Zone (FTZ) operation, which was approved by U.S. Customs and Border Protection (CBP). CEVA also has FTZ locations in Los Angeles, Dallas-Fort Worth and Chicago.

By ·

Global third-party logistics (3PL) services provider CEVA Logistics recently announced that it opened up a new Miami-based Foreign Trade Zone (FTZ) operation, which was approved by U.S. Customs and Border Protection (CBP). CEVA also has FTZ locations in Los Angeles, Dallas-Fort Worth and Chicago.

CEVA said that this new FTZ is comprised of an activated, secured and compliance controlled 4,172 square-foot area, which leverages CBP’s approved inventory-controlled systems, the Zone Lot Tracking System and First In, First Out Universal Identification Number System. For the former, each part of the shipment moves into and out of the zone as a unit, and for the latter individual parts are added to inventory and withdrawn using a First In First Out inventory recordkeeping system.  Those parts that were admitted first are shown on the inventory records as being withdrawn first.

Brenda Custer-Espeleta, Vice President, US Customs Brokerage Operations for CEVA told LM that servicing customers is what drove CEVA to open this Miami-based FTZ, which is in a location that is critical to the Latin American market and added that this project had been planned for the last nine months.

“An FTZ offers many benefits,” she said,” “the biggest is the potential to save Merchandise Processing Fees, (Fees that Customs charges on every entry filing) by utilizing Weekly Entry, which can only be done through a FTZ.”

Other benefits of an FTZ cited by CEVA include: Duty deferral – duties paid only upon transfer of goods from the FTZ into the U.S.; duty elimination on exports; duty reduction if scrap/waste while within the FTZ; and Harbor Maintenance Fee (HMF) deferred for Ocean arrivals – due quarterly rather than on arrival; and the biggest advantage - Merchandise Processing Fee (MPF) savings, paying a maximum of $485 weekly rather than $485 for each shipment.


About the Author

Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

All Topics
Latest Whitepaper
B2B Sellers Prefer a Unified Approach for Ecommerce
A new study from Forrester Consulting, commissioned by NetSuite, found that many midmarket, B2B sellers say their ecommerce solutions have contributed to their growth in sales, new customer acquisitions and improved customer relationships.
Download Today!
From the August 2016 Issue
A growing number of low-cost lift trucks offer new avenues for pairing equipment and applications, but less cautious buyers might find that small up-front costs come at a steep price. Selecting the proper lift truck, lift truck tips 2016, Choosing the right Lift Truck
Megatrends in ocean freight
Ocean Cargo Roundtable: What’s in store for 2017?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Getting the most out of your 3PL relationship
Join Evan Armstrong, president of Armstrong & Associates, as he explains how creating a balanced portfolio of "Top 50" global and domestic partners can maximize efficiency and mitigate risk.
Register Today!
EDITORS' PICKS
2016 Quest for Quality: Winners Take the Spotlight
Which carriers, third-party logistics providers and U.S. ports have crossed the service-excellence...
Regional ports concentrate on growth and connectivity
With the Panama Canal expansion complete, ocean cargo gateways in the Caribbean are investing to...

Digital Reality Check
Just how close are we to the ideal digital supply network? Not as close as we might like to think....
Top 25 ports: West Coast continues to dominate
The Panama Canal expansion is set for late June and may soon be attracting more inbound vessel calls...