Importer of Record definition
Examples of Importer of Record in a sentence
For Domestic Purchase Orders (Purchase orders issued to entities addressed in the United States): Seller shall assume all U.S. import responsibilities, to include designation as U.S. Importer of Record, Customs clearance, duty, taxes, and fees for goods entering into the United States.
Seller shall assume all U.S. import responsibilities, to include designation as U.S. Importer of Record, Customs clearance, duty, permits, licenses, taxes, and fees for Products entering into the United States under this Order.
In those instances where Snap-on and/or their agent/sub-contractor is the “destination/in-country” Importer of Record, Snap-on will be responsible for all applicable customs duties, taxes and fees, unless otherwise agreed.
For shipments via ocean vessel where Buyer is the Importer of Record with U.S. Customs and Border Protection (CBP), the Ocean Container Clause set forth in the following link shall apply and is incorporated herein by this reference: In the event that CBP assesses Buyer with liquidated damages, fines or penalties either for failure to file the Importer Security Filing (ISF) data, or for late or inaccurate filing of the ISF data, Seller shall assist Buyer with investigating and resolving the situation.
ISF-10 REQUIREMENTS – For all ocean shipments, CL or LCL sent to any Snap-on U.S. facility/location, where Snap-on is the designated US Importer of Record, Supplier will or will cause the shipper to, no less than 4-business days prior to loading the cargo/container onto the vessel in the overseas port, provide both Snap-on and/or Snap-on’s designated agent all information required to properly and successfully complete the required ISF-10 filing with US Customs.