Expeditors International of Washington (EXPD) Status Update summary

Export compliance fundamentals

• Export compliance is driven by national security, domestic supply control, and foreign policy enforcement.

• Key regulators include the Department of Commerce (BIS, EAR), Census Bureau, State Department (ITAR), Treasury (OFAC), DOJ, DEA, and Nuclear Regulatory Commission.

• Exporters must know what, where, and who: product classification, destination (including embargoed countries), and customer vetting.

• Due diligence includes screening for denied or restricted parties and understanding end-use and end-user.

Documentation and data requirements

• The Shipper's Letter of Instruction (SLI) consolidates essential data for export declarations.

• Mandatory data elements include product details, licensing, parties involved, and transaction type.

• US Principal Party in Interest (USPPI) is responsible for providing accurate data and licensing information, even in routed transactions.

• Record-keeping for export documents is required for five years.

EEI filing rules and exemptions

• Electronic Export Information (EEI) must be filed for shipments over $2,500 or if controlled by license, regardless of value.

• Exemptions apply for low-value shipments, certain destinations (e.g., Canada, U.S. territories), and specific items like diplomatic pouches or human remains.

• Low-value exemptions cannot be used for items requiring a license, 600 series ECCNs, or shipments to China, Russia, or Venezuela (unless EAR99).

• Confidentiality of EEI filings is strictly maintained; only the USPPI or agent can access records.