The full English name of IOR is Import of Record, and the Chinese name is "importer record". By applying for IOR to the US Customs, you can obtain the EIN (tax ID) of a foreign importer. As long as the importer remains unchanged, the one-time application of this tax number is permanently valid, and no matter which customs broker is used to handle imports into the United States in the future, it can be. The IOR application costs US $150 and can be completed within 5 working days of submission.
If you need to go to IOR, you have to talk about Bond, so what is Bond? Shanghai Woshi International Freight Forwarding Co., Ltd. to help you answer - Bond is a security deposit. In the traditional trade, the importer will buy the bond, and once the importer owes the money to the United States Customs, the relevant United States department can directly ask the bond company for money, and then the bond company will come to the importer. Under the cross-border e-commerce model, the importer does not have to buy bond as the shipper, the freight forwarder in the United States or the overseas warehouse is only the consignee of the bill of lading, once the imported goods are checked by the customs, the costs and responsibilities are borne by the shipper.
There are two types of bonds, the Annual Bond (or Continous Bond) and the Single Bond, which, as the name suggests, are equivalent to the annual pass and the second pass of the gym. Single Bonds are charged on the basis of the value of each import, and there is a minimum charge for ISF bonds (minimum of $90 per ticket up to $100,000).
