IOR-Importer of Record

IOR-Importer of Record

  • Importer of Record for return to US

    Question: Our Canadian sister company would like to ship a a Japanese origin part back to a US vendor for repair.  The US vendor who shipped the Japanese origin part to Canada and that is to repair the part has requested the part be returned under DDP terms as they do not wish to be […]

  • IOR Number Consolidation

    Question: Hello ICPA Members: I work for a company where we have 1 IOR IRS number.  Recently my company purchased another company.  I am hearing that the 2 companies who import and use their own IRS numbers, will merge into 1 IOR IRS number. To make it easier for myself to differential who is importing, […]

  • Ultimate Consignee Responsibility when Express Carrier files as IOR

    Question: There are 2 Scenarios for this question. Q. What responsibility and liability does the Ultimate Consignee (and purchaser) have for information transmitted when entry was filed where the express carrier filed as Import of Record? Scenario 1 – the common carrier does not have a POA on file for the Ultimate Consignee (and purchaser), […]

  • Incorrect IOR

    Question: I started with a new company.  The company I work for has 2 entities (The Drug Company & The Medical Device Company).  Each entity has their own IRS number.  I have been informed that each entity has the same amount of imports, so figure 50/50.  However, after review of the entries I see that […]

  • 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 […]