What is Exporter of Record? What Are EOR Responsibilities?

Role of Exporter of Record (EOR), What is an Exporter of Record? What Are EOR Responsibilities?

Exporter of Record (EOR) services play out in the same manner as IOR services except that an EOR takes care of the rules and regulations associated with the shipment leaving the port of the exportation country.

People often confuse an Exporter of Record (EOR) with a freight forwarder. This piece clarifies the EOR’s role in international shipments.

The Outline of EOR’s Job

Any individual or company can act as an Exporter of Record (EOR). An EOR has the main responsibility to take care of the paperwork about the export clearance.  Besides that, the following are the things that any Exporter of Record (EOR) overseas.

• EOR services guarantee that the shipment leaves the port on time.
• EOR services also need to take care of the glitch due to which a shipment doesn’t make it to the destination port.
• EOR services also handle all the inquiries made by the customs authorities of the exportation country.

In case of a botched shipment, the Exporter of Record (EOR) is responsible for paying the remunerations (if any) to the affected party.

Exporter of Record (EOR) and Forwarding Agents

As mentioned earlier, EOR and forwarding agents are not the same titles. Nonetheless, both of them can assume the role of each other. These are the things for which EOR has to correspond with the freight forwarder when they are working as different entities.

• EOR services provide their name, business address, and EIN to the forwarding agent.
• EOR shares the six-digit international export code (Schedule B number) of the given shipment.
• EOR is also responsible for sharing commodity details with the agent.

If the seller uses ECCN, EOR services must be provided and shared with the freight forwarder.

EOR Smoothens Your Export Work

Whether exporting domestically or internationally, an Exporter of Record (EOR) is essential. As evident by the above discussion, there are a lot of responsibilities associated with the job of Exporter of Record (EOR). It is better if you give this role to a full-time expert instead of exhausting yourself in checking and maintaining the laundry list of export compliances.

Explore further by checking out The Export Payment Methods