Question: Do any of the members know about an industry practice where the FF deducts a flat 10% from the value of an invoice when the INCO term is C (the 10% is an estimate for the freight and insurance)? I have a FF telling me this is standard industry practice and required in order […]
Question for the membership… we do quite a bit of business with Central American countries, and there has been a rash of correspondence surrounding the ReCuaca (acronym for Spanish wording but basically Regulations for Unified Customs Code of Centralamerica). In article 323, there are requirements for all customs invoices to be in Spanish or include […]
Our company has a situation where we pay a foreign vendor to manufacture a “lot” of prototypes. The purchase order specifies the number of pieces that will make up the “lot”. For example: $1,000 for 10 pieces. The vendor/shipper values each piece by dividing the total billing/PO value by the number of total pieces ordered. […]
I received a ocean bill of lading that does not indicate myself as the Importer of Record. Is this ok? The commercial invoice and packing list are for (ME). What do you think?
I understand that some countries require a Consular Invoice to control and identify goods. Does anyone know where I can find a list of these countries?
Is there a specific US Customs reg that states that a US importer is not allow to make a handwritten adjustment to unit price on a exporters’ Commercial invoice?
I would like to ask the membership what kind of payment terms they have with their import vendors. Do you do L/C’s for everything? And if so, do you do L/C’s with Terms (30 days, 60 days, etc)?
Bulk Agricultural Imports and Weight discrepancies: We would like to know how other importers of bulk agricultural commodities handle weight. Specifically: 1. Does the importer reweigh the import? 2. If the importer reweighs and finds a discrepancy (maybe due to moisture changes during shipment), does the importer use that weight for the import declaration (either […]
Can someone tell me if they accept commercial invoices from their foreign vendors with multiple purchase orders per invoice or are you requiring your vendors, one p/o, one invoice resulting in multiple invoices from one vendor, one shipment?
We have a number of non-physical items that a customer will be invoiced for but, of course, there is nothing tangible shipping to the customers. These items appears on the Commercial Invoice. I realize this would cause a red-flag if the box was opened and the contents did not match the commercial invoice. Our IT […]
I have received conflicting information as to the necessity of the description of the goods being stated in both Portuguese and English. Can anyone point me to the specific Brazilian requirements? Is the membership providing the description in Portuguese on the commercial invoice in common practice?
How are ICPA members are handling payments received from customers due to confusions with the “Customs Invoice” vs. the “Finance Invoice”? This is the scenario…. Our 3rd party fulfillment vendor prepares an invoice for customs purposes that is titled “Invoice” but has the following statement; “Value for customs purposes only”. The problem is that some […]
