Can you believe it? Without IOR and BOND, your goods will never reach the U.S. market!
Don't ignore the key aspects of U.S. customs clearance anymore! As a cross-border e-commerce seller, you need to understand the two most important concepts of IOR and BOND. In cross-border logistics tracking management, truck drivers, warehouse managers, etc. often need to spend a lot of time counting and input tracking single number, and different carriers of cross-border logistics systems are different, you need to log on to different platforms to query. But even if you can handle logistics tracking perfectly, if you don't know IOR and BOND, your goods still can't enter the U.S. market!
If you're looking to import goods into the United States, IOR (Importer of Record) and BOND are two key terms you must know. Simply put, the IOR is the Importer of Record, which is responsible for the record and compliance of the imported goods; the BOND is a kind of "bond" that ensures that you comply with the regulations and pay the necessary fees. These two documents are the foundation of U.S. customs clearance, without which goods will not pass through customs!
What is an IOR? An IOR, commonly referred to as an "Importer", is a piece of import identification information that the U.S. Customs requires from the importer or his agent. The purpose of an IOR is to tell the Customs Department: Who is responsible for this shipment? Who pays the duty? Who will make sure the shipment meets the requirements? If there are any problems with the shipment, Customs will call the IOR.
There are two common types of IOR:
- U.S. based companies: If the importer is a U.S. based company, they usually have their own Customs Registration Number or Corporate Tax ID or Employer Identification Number. These companies are familiar with the customs clearance process and can handle ISF (Importer Security Filing) on their own.
- Non-U.S. companies (offshore companies): If the importer is a non-U.S. company, it is necessary to provide an Importer Record of No., and also need to designate an "Ultimate Consignee" (Ultimate Consignee). This type of company usually needs to appoint a professional international logistics company to assist in customs clearance.
BOND is a "security deposit" required by the U.S. Customs to be purchased by importers. The main functions of BOND include: compliance with regulations (US Customs Regulation CFR19, Part 141), protection of government/customs interests, reduction of import risks, and enhancement of customs clearance efficiency.
For the information required for customs clearance, you need to prepare: Customs Declaration Authorization (POA), IOR information, BOND information, cargo documents (including cargo manifest, commercial invoice) and logistic documents (Airway Bill for air transportation or Bill of Lading for sea transportation). Please note that when submitting customs information, please do not use any "Amazon" words in your address.
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