QUESTION: The president of our company has written several books on Introduction to Turbomachinery. The company has sold the books to universities and other company that have put it in their libraries for the students or employees use. He recently received a request from a professor at a University in Turkey to have his […]
QUESTION: We are moving to a new corporate HQ and our address will be changing. We will be updating our bond , IOR address via the 5106. Should we be concerned about our purchase orders issued prior to the move date that are not imported until after the move date with the old HQ address […]
QUESTION: There is a proposal to use a bonded warehouse or Free Trade Zone in Panama to store product for our Latin American customers. The proposal is 1) Customer would place the order on the current US entity 2) US entity would work with their Panamanian 3PL to pick the order 3) US entity […]
QUESTION: We’re experiencing an abnormally high volume of CBP examinations on containers entering through Los Angeles & Long Beach.For the most part, these are Ag, Vacis, & IBET exams.Normally we have around 2 or 3 per month, though we’ve had 31 in the past two months with no sign of what could be causing the […]
QUESTION: When a company uses a brand name, or anything other than their legal entity name, it is referred to as “dba “ – doing business as or “aka” also known as. These are often added to Customs bonds to cover the use of non-legal entity names. Is there is big difference in the […]
QUESTION: We currently provide a list of manufacturers to our broker which includes a constructed MID Code. With the full name and address of the factory being entered in ACE, it seems that customs is looking at the full address itself and not the MID code. I understand that a MID code is still a […]
QUESTION: My challenge is to estimate the total potential cost for a prior disclosure scenario, which of course would include: duties, fees and interest for liquidated entries. I have US CBP guidance information regarding prior disclosures requirements and applicable interest rates, but no interest calculation method: no formulas or time periods. Please tell me what calculation method […]
QUESTION: What is the process to transfer an import from a broker’s bond to an importer’s bond after entry? ================ ANSWERS: File a CBP form 3347 within 90 days of entry date. ==================== Bond transfers are explained in 19 CFR 141.20 141.20 Actual owner’s declaration and superseding bond of actual owner. (a) Filing – (1) […]
QUESTION: Under FCA terms, should the seller provide VGM to the buyer? Or to the carrier? I have been asked if we (seller) are responsible to provide VGM data on export shipments via ocean under FCA terms. It seems debatable because, as a supplier, we are not party to the B/L & certainly are not […]
QUESTION: Is there anyone from the Trade community that can provide any advice in whether or not a United States legal entity that is the NRI (Non Resident Importer) in Europe can apply for AEO? US entity has no permanent establishment in Europe only an office with call center and sales but all import / […]
QUESTION: I have a US product that is sent to China for further processing. The country or origin remains the US as the processing wasn’t enough to have a substantial transformation. The product is then sent to MX for packaging and shipped back to the US. This product now consists of the first product shipped […]
QUESTION: I like to know if any member has screened a current US customer of theirs to find they have a DOJ Office of Public Affairs release stating that the customer has resolved a FCPA investigation and has paid a monetary amount to settle for bribes outside the US. I know this is a red […]
