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Trade Term: USPPI
Posted By rosannatorres On February 16, 2012 @ 12:40 pm In Trade Terms | 2 Comments
Throughout the export community, trade terminology runs rampant.
A FPPI places an order with a USPPI who prepares an EEI and files via AES then provides an ITN to CBP and does the hokey pokey and turns himself around and … that’s what it’s all about!
For someone new to the jargon, or even for a seasoned exporter, it can all be a bit overwhelming. We’d like to remove some confusion with a new blog series – Trade Terms.
Todays’ Trade Term is USPPI. U.S. Principal Party in Interest, or USPPI as you will commonly see it, is the U.S. person or entity that is the primary benefactor (monetarily or otherwise) from an export transaction. Generally, the USPPI falls into one of the following categories:
Simply put, if a U.S. manufacturing company receives an order from a foreign entity for their goods; they are now considered the USPPI in this export transaction, as they are the U.S. entity that would receive the financial benefit.
In export transactions, the USPPI has several responsibilities, including, but not limited to:
Article printed from Global Reach Blog: http://globalreach.blogs.census.gov
URL to article: http://globalreach.blogs.census.gov/2012/02/16/usppi-ttom/
URLs in this post:
 AES: http://www.census.gov/foreign-trade/aes/gettingstarted/audience.html#usppi
 Foreign Trade Division website: http://www.census.gov/foreign-trade
 Definitions: http://www.census.gov/foreign-trade/reference/definitions/index.html
 Image: http://globalreach.blogs.census.gov/files/2012/02/USPPI-Definition2.jpg