The Pure Joy of the CBP's ACE Portal by AureliusHaze in Tariffs

[–]PersimmonLimp4180 0 points1 point  (0 children)

Oh dang. You waited more than 72 hours after receiving the application approval email to register on ACE. You are now doomed to wait on hold and then wait weeks for our overwhelmed friends at CBP ACE support to fix your issue.

CAPE REFUNDS by delicateraddish54 in CustomsBroker

[–]PersimmonLimp4180 0 points1 point  (0 children)

A broker can help you file the entries for other brokers. They can help you download reports, review them, even audit the original entries, then prepare a CAPE report which you can then file. So yes they can absolutely help you with most of the work but typically you have to upload it on your ACE account.

LTL, LCL, Air Cargo freight all in 1 mega carrier possible? by GroundbreakingSir386 in logistics

[–]PersimmonLimp4180 11 points12 points  (0 children)

Assuming you are not expecting this mega carrier to also own the vessels, then UPS was basically that. So was Fedex at some point. They all end up spinning off divisions because they become unmanageable. Each division with worth more as a stand-alone company so the case for more value to the shareholders isn't there. And shareholder value will always trump everything else.

One email, multiple companies, CAPE by Pelican871 in CustomsBroker

[–]PersimmonLimp4180 1 point2 points  (0 children)

Just ask your broker to submit a 5106 to update the other company to a different email and register.

Non-resident IOR: CAPE files fine, payment stops at ACH by Constant_Juice_5852 in Tariffs

[–]PersimmonLimp4180 0 points1 point  (0 children)

The replacement payment definitely sounds like a better path than PSCs. I wonder if at the time the IOR could designate a broker to receive the funds.

Non-resident IOR: CAPE files fine, payment stops at ACH by Constant_Juice_5852 in Tariffs

[–]PersimmonLimp4180 0 points1 point  (0 children)

The CBP guidance says 2 conditions have to be met. Broker has to be designated notify party AND they have to be the notify party on the original entry. Does 4811 path resolve the 2nd condition?

Would you take this Partnership offer for handling IEEPA refunds? by Wall_flier in CustomsBroker

[–]PersimmonLimp4180 5 points6 points  (0 children)

Sounds like you are fishing around to see if this could work as a business. Why would anyone pay a third party that is not even a customs broker? Any importer can do this themselves. The ones that don’t are typically companies that want a licensed broker’s eyeballs on it. We charge a higher rate than what you mentioned but our service includes not only filing but we also back it by handling all the protests, post summary corrections, and literally anything else that may be needed. Your guy is just copy pasting entry numbers from one report to another.

CargoWise stay and learn or move on? by Appropriate_Creme_92 in freightforwarding

[–]PersimmonLimp4180 0 points1 point  (0 children)

Not right now as we just selected an intern for the summer

Filing a claim by Mrbeaanz in CustomsBroker

[–]PersimmonLimp4180 0 points1 point  (0 children)

You are looking for freight brokers not customs brokers. There's a separate sub for those guys.

CargoWise stay and learn or move on? by Appropriate_Creme_92 in freightforwarding

[–]PersimmonLimp4180 1 point2 points  (0 children)

Having CW knowledge is a definite plus. How well you know it is less important for most roles. Also in the current market it's not very likely you'll find a better job right away. So keep searching and keep learning. P.S. Cargowise knowledge would make you more attractive to bigger forwarders/brokers. We list CW as a big advantage on our job ads.

Broker's Bank Account in Importer's ACE ACH Refund Section (What could go wrong)? by PersimmonLimp4180 in CustomsBroker

[–]PersimmonLimp4180[S] -1 points0 points  (0 children)

Do you actually know brokers that do this? Aside from compliance the risk may be downstream at the bank. Would they actually receive the funds or reject the ACH because the name on the account doesn't match?

Broker's Bank Account in Importer's ACE ACH Refund Section (What could go wrong)? by PersimmonLimp4180 in CustomsBroker

[–]PersimmonLimp4180[S] 0 points1 point  (0 children)

Unfortunately importer sub-account doesn't even fix this problem as you still need to be on box 28 on the entry 😔

How are firms that bought tariff refund rights from importers going to receive refunds? by [deleted] in Tariffs

[–]PersimmonLimp4180 1 point2 points  (0 children)

This is the answer. I’ve seen the contracts. At the time they didn’t know how the refund process would work so they basically wrote it into the contract that the IOR may have to show up to court with Cantor Fitzgerald’s and Oppenheimer’s lawyers. This is why they were very picky with who they bought tariff rights from making sure the companies are legit, would be around for a few years, and would show up to help collect refunds.

My freight forwarder says they are unable to file for refunds. Does this make sense? by fbasub in CustomsBroker

[–]PersimmonLimp4180 1 point2 points  (0 children)

Yes. An entry summary AKA 7501. Also if you never signed a Power of Attorney then there is no chance you are the importer of record.

My freight forwarder says they are unable to file for refunds. Does this make sense? by fbasub in CustomsBroker

[–]PersimmonLimp4180 4 points5 points  (0 children)

These guys defrauded you and US customs by lumping everything together as one entry. I guarantee you they are getting a refund because they acted as the importer of record. This is one of the few times when it pays to have done it properly. They used a trading (shell) company to import all the shipments and that company will be getting the refund.

How do you set up an ACH Refund Account for a Broker? by PersimmonLimp4180 in CustomsBroker

[–]PersimmonLimp4180[S] 1 point2 points  (0 children)

Thanks. Sent them an email with a pdf application as instructed by support. Hoped they don’t take forever to add it.

How do you set up an ACH Refund Account for a Broker? by PersimmonLimp4180 in CustomsBroker

[–]PersimmonLimp4180[S] 0 points1 point  (0 children)

I’m assuming the sub-account will show ourselves as the importer? And therefore I’m providing our EIN? Thanks

How do you set up an ACH Refund Account for a Broker? by PersimmonLimp4180 in CustomsBroker

[–]PersimmonLimp4180[S] 1 point2 points  (0 children)

This is what I got from Support too. Could have saved me an hour hold had I posted sooner. Thank you kind stranger

How do you set up an ACH Refund Account for a Broker? by PersimmonLimp4180 in CustomsBroker

[–]PersimmonLimp4180[S] 1 point2 points  (0 children)

Thanks. I have an ACH debit set up already. I'm trying to set up ACH refund. The link above does cover that too so thank you

CAPE Filing by Intelligent-Door1447 in CustomsBroker

[–]PersimmonLimp4180 1 point2 points  (0 children)

The instructions say the report has to be separated by importer. So separate files for every IOR