Common use of INVENTORY MANAGEMENT METHODS Clause in Contracts

INVENTORY MANAGEMENT METHODS. Fungible Goods & Materials LIFO, FIFO, Average, other GAAP- recognized method; GN33(j); 19 CFR 10.1019 No No LIFO, FIFO, Average, other GAAP- recognized method; GN35(j); 19 CFR 10.2019 Post-Importation Claims 19 USC 1520(d); 19 CFR 10.1010 - 10.1012 Post Summary Correction (PSC) or 19 USC 1514 19 USC 1520(d); 19 CFR 10.869 - 10.871 19 USC 1520(d); 19 CFR 10.2010 - 10.2012 Reconciliation Claims Yes, 78 FR 27984, May 13, 2013 No Yes, 78 FR 27984, May 13, 2013 Yes, 78 FR 27984, May 13, 2013 Determinations Communicated to Exporter Yes, if correspondence with exporter Yes, if correspondence with exporter Yes, if correspondence with exporter Yes, if correspondence with exporter Pattern of Conduct Clause Yes, 19 CFR 10.1029 No No Yes, 19 CFR 10.2029 GENERAL INFO & DATES Agreement Name U.S.-Peru Trade Promotion Agreement U.S.-Singapore Free Trade Agreement North American Free Trade Agreement (Replaced by USMCA on July 1, 2020) U.S. – Mexico – Canada Agreement Act – Mexico: Tratado entre México, Estados Unidos y Canadá (T-MEC); Canada: Canada - United States - Mexico Agreement (▇▇▇▇▇) Implementation Date February 1, 2009 January 1, 2004 January 1, 1994 July 1, 2020 Expiration None None None USMCA includes a sunset provision. Renewal consideration is required every six years, with a 16-year sunset clause. The USMCA can be extended for an additional 16-year term during the six-year reviews USMCA Art. 34.7.1-6 Duty Phase-Out January 1, 2025 (17 years) Annex 2.3 January 1, 2013 (10 years) January 1, 2008 (15 Years) No change. Duty already phased-out under NAFTA Merchandise Processing Fee (MPF) Exempt for Originating Goods 19 CFR 24.23(c)(12) Exempt for originating goods 19 CFR 24.23(c)(6) Exempt for originating goods 19 CFR 24.23(c)(3) Exempt for originating goods 19 CFR 24.23(c)(3)

INVENTORY MANAGEMENT METHODS. Fungible Goods & Materials LIFO, FIFO, Average, other GAAP- recognized method; GN33(j); 19 CFR 10.1019 No No LIFO, FIFO, Average, other GAAP- recognized method; GN35(j); 19 CFR 10.2019 Post-Importation Claims 19 USC 1520(d); 19 CFR 10.1010 - 10.1012 Post Summary Correction (PSC) or 19 USC 1514 19 USC 1520(d); 19 CFR 10.869 - 10.871 19 USC 1520(d); 19 CFR 10.2010 - 10.2012 Reconciliation Claims Yes, 78 FR 27984, May 13, 2013 No Yes, 78 FR 27984, May 13, 2013 Yes, 78 FR 27984, May 13, 2013 Determinations Communicated to Exporter Yes, if correspondence with exporter Yes, if correspondence with exporter Yes, if correspondence with exporter Yes, if correspondence with exporter Pattern of Conduct Clause Yes, 19 CFR 10.1029 No No Yes▇▇ ▇▇ ▇▇▇, 19 CFR 10.2029 ▇▇ ▇▇▇ ▇▇.▇▇▇▇ GENERAL INFO & DATES Agreement Name U.S.-Peru Trade Promotion Agreement U.S.-Singapore Free Trade Agreement North American Free Trade Agreement (Replaced by USMCA on July 1, 2020) U.S. – Mexico – Canada Agreement Act – Mexico: Tratado entre México, Estados Unidos y Canadá (T-MEC); Canada: Canada - United States - Mexico Agreement (▇▇▇▇▇) Implementation Date February 1, 2009 January 1, 2004 January 1, 1994 July 1▇, 2020 Expiration None None None ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ USMCA includes a sunset provision. Renewal consideration is required every six years, with a 16-year sunset clause. The USMCA can be extended for an additional 16-year term during the six-year reviews USMCA Art. 34.7.1-6 Duty Phase-Out January 1, 2025 (17 years) Annex 2.3 January 1, 2013 (10 years) January 1, 2008 (15 Years) No change. Duty already phased-out under NAFTA Merchandise Processing Fee (MPF) Exempt for Originating Goods 19 CFR 24.23(c)(12) Exempt for originating goods 19 CFR 24.23(c)(6) Exempt for originating goods 19 CFR 24.23(c)(3) Exempt for originating goods 19 CFR 24.23(c)(3)