The webinar was presented by NAFA's Transactional Integrity Working Group and sponsored by Time Value Property Exchange (TVPX). The Transactional Integrity Working Group strives to educate NAFA members on topics of legality and fraud, which can occur at any stage of a transaction, and to provide resources such as this webinar which can help mitigate those risks. Topic: “Essentials of U.S. Customs Imports and Exports: What Every Bizav Professional Should Know”. The webinar was at 1:00 pm Eastern Time on Friday, May 15th. A panel of experts outlined the general concepts of imports and exports, and provided current tariff news, to help everyone recognize those situations which require timely legal and/or customs support.
Ed Kammerer, a Shareholder at Greenberg Traurig, moderated the 1-hour webinar.
Our first panelist was Tobias Kleitman, President of TVPX, licensed US customs broker. Paula Connelly was our second panelist. Paula is a Customs and Trade Attorney with the law firm Sandler, Travis and Rosenblatt. Our third panelist was Katie Deluca, Partner at Harper-Meyer.
Tobias gave an overview of the basic/formal process to import and export aircraft through US customs. TVPX has a national permit, and they specialize in importing and exporting aircraft to and from the United States. He talks about what if the procedures aren’t followed? Paula talked about US Customs regulations and tariffs and what happens a filing is incorrect or inadvertently did not get filed and process to correct to avoid penalties, detention or seizures of the aircraft. Paula also discussed tariffs in Section 122 that are set to expire July 24, 2026. Katie gave an overview of aircraft purchases and sales. She emphasized the fact that you need to do your due diligence and address import/export issues as early as possible and be sure you have a custom broker who is experienced in Aviation.
To hear more insight and details from each of these panelists, please listen to the full webinar in its entirety to gain a better understanding of Customs Import and Exports of Aircraft and Tariffs.