IOR-Importer of Record

IOR-Importer of Record

  • New US entity set up. New IOR

    Question: We purchased a company and we need to set up a new IOR. Does anyone have any suggestions for next steps in the process as it relates to US Customs, customs brokers, freight forwarders, ACE, ACH etc? Answer 1: Your current customs brokers can be used but will need a new POA signed by […]

  • 3rd Party IOR/EOR Services

    Question: In recent conversations within my company about launching a new product in several countries where we do not have a tax ID/IOR/EORI number, one of the logistics personnel suggested using a 3rd party IOR/EOR service provider who claims to be able to act as the IOR on our behalf where we don’t have this […]

  • Importer of Record

    Question: US company A buys goods from US company B incoterms FOB. US Company B sources goods from supplier in China and supplier in China direct ships to US Company A. US Company A pays for freight forwarding costs and duties upon import as the importer of record at the cost they paid for the […]

  • IMPORTER NAME CHANGE NOTIFICATIONS

    QUESTION: I anticipate a company name change in the next few weeks, along with a change from “Inc” to “LLC”. Is a hard copy 5106 required by CBP? Can the surety provide it to CBP with their rider to update the bond? What is the timeline from CBP receipt of the 5106 to complete the […]

  • Benefits to a Foreign IOR becoming a US entity IOR

    QUESTION: I would like to know if there are benefits for a foreign company who is currently a FIOR to apply to become a US  IOR and having a US tax id number.  US Customs/ Entry team members/CEE has asked me to suggest this to my foreign company. I have been advised that there are […]

  • IOR question

    QUESTION: In the past we were told that IOR on Form 7501 is public information and Ultimate consignee is not. Can someone confirm if this is still available ? The goal is to keep the product we buy out of competitors eyes so they would not be able to see who the ultimate consignee is […]

  • THIRD-PARTY IOR

    QUESTION: Customer A is requesting to take over ownership from Vendor B’s supplier and be the IOR. Vendor B needs to provide commercial invoice to supplier to make sure Customer A does not see pricing between Vendor B and their supplier. What parties should be listed on the Commercial Invoice? For instance do I need […]

  • Using Agents as IOR’s: Responsibilities and Recordkeeping

    QUESTION: We ship both owned and non-owned goods into foreign countries to warehouse locations or end-users. We are the EOR and we hire an agent to act as IOR since the warehouse doesn’t have an import license and the end-users do not want to act as IOR. In this situation, the agents use their own […]

  • IOR NUMBER CONFIDENTIALITY

    QUESTION: I would like to ask the community if there’s a best practice regarding visibility to your Importer of Record number.  Do you treat it as sensitive information and keep it confidential from the supplier/factories you import from.  For example, ISF form templates normally require IOR number for the importer, but should that be completed […]

  • IOR VS OWNER OF GOODS

    QUESTION: Can a foreign branch of a company act as the importer of record at destination, even if the foreign branch does not own or take delivery of the goods? The foreign goods will be shipped direct to the destination buyer. We wanted to ship DAP using the foreign branch as the IOR, for tax […]

  • IOR SCENARIO

    QUESTION: Company A in Australia Company B in US, related to Company A Company C in US, un-related to A & B Company D in US, un-related to A, B, and C Company C purchases item from Company B. Company D purchases item from company C. Item is located in Australia, Company C wants Company […]

  • Direct and Indirect POs and who should be IOR

    QUESTION: I have the following situations that I need assistance with Company A – US Company Company B – US Company Company C – UK Company Situation 1 Company A has a PO set up with Company C and will from time to time purchase from them directly and will cover transportation from the UK […]