QUESTION: US company A places a PO to another US company B, who then places a PO on a Foreign Company. When the foreign company ships to the USA, can EITHER party be the IOR? I read the CBP right to make entry directive https://www.cbp.gov/sites/default/files/documents/3530-002a_3.pdf, but want to be certain. It seems like either […]
QUESTION: My company issues a purchase order to a USA supplier for a machine. We eventually pay this USA supplier for the machine. The machine is produced at the USA supplier’s related European factory. When the machine is shipped, the European factory issues an invoice to the USA supplier. The bill of lading is consigned […]
QUESTION: Scenario: A company will be entering into a Joint Venture (JV) with 2 other companies on a 40/40/20 split and everything will be procured on the JV documents. The JV owns the material and the JV will make payments to the suppliers, not the individual partners. Questions: Is there a way where the material […]
QUESTION: We are changing the address of our corporate headquarters due to the sale of our building. Can the membership advise what I need to file in order to update customs records? ************** Answers: File a 5106 with CBP. If you have an ACE portal account you can change the address yourself. ************* Reach out […]
Question: We are being contracted to only handle the International Freight and Domestic delivery on a machine coming from overseas. The value of the machine (2 related parties buying direct), will be listed on the CI, as “for customs purposes only” and we will report and pay duty on it. Does anyone know […]
Question: Under the Right to Make Entry Directive, a licensed broker can agree to be the IOR for that Import when asked by a domestic or foreign party or Nominal Consignee. My question, is how does the broker protect himself? Who signs the POA to the broker: domestic party, foreign party, nominal consignee? *************** […]
Question: Two related businesses work together to fulfill a drop shipment to a third party U.S. customer as follows: A U.S. business receives an order from a U.S. customer/end user and places the order on a related corporate factory that is located in the EU. The E.U. factory, under the same corporate ownership as the […]
Question: Can you make corrections on the IOR using the PSC if the duty has been paid? ************* Answers: The documents accompanying this transmission contain confidential information intended for a specific individual and purpose. The information is private and is protected by law. If you are not the intended recipient, you are hereby notified that […]
Question: Company A (shipper) is a Chinese entity Company B is a Related US entity to Company A Company C is Customer located in USA Company A ships from China to Company C in USA under DDP terms. Funds transfer exclusively between Company A and C. However, on the 7501, Company B is […]
Question: We have a division of our company with their own IOR that we are looking to close out and absorb their operations under our corporate entity and IOR. What Customs and compliance implications would we need to consider in doing this. ========== Answer: This is a reduction in complexity (only one IOR to manage […]
Question: My company is looking into using a US vendors warehouse to store imported materials purchased from our foreign vendors. The reason for this is because they want to reduce inventory levels are out facility. The goods will be Customs cleared. It will not be bonded warehouse transaction. They have given me two scenarios to […]
Question: Can a parent company act as the importer of record for their subsidiary companies ? If they cannot and this has been a common practice, would a voluntary self- disclosure need to be made to U.S. Customs ? ============== Answers: I recently had this situation and decided that the parent would act as importer. […]
