A licensed customs broker explains merchandise ownership declarations and the filing of CBP Form 3347. The discussion includes necessary forms and exam questions for preparation. Bond requirements for federal government entries and immediate delivery procedures are clarified, emphasizing the importance of a bond. The verification process for the importer of record is outlined, ensuring the declared importer matches the actual one. The bond transfer process is also discussed, focusing on proper documentation.

#Code of Federal Regulations (CFR) Title 19
#Part 113