Blog
The New Incoterms 2020
Incoterms 2020 According to ICC, Incoterms® 2020 / Incoterms 2020 contains the ICC rules for use of the 11 Incoterms® trade terms. It updates rules to reflect current commercial practices, making them more accessible and user-friendly. The new rules will enter into...
Outsourcing Customs Clearance With IORs and EORs
If your business involves imported and exported goods, then there is no way to get around the provisions of customs clearance. You might be able to get your exports cleared on the destination ports of your own country. However, it is one heck of a task to get your...
CBP Tips for New Importers of Records (IORs) in The US
US Customs CBP Tips For New IORs If you are new to the game of imports and exports, then things can get quite difficult in the beginning. As an Importer of Record (IOR), you need to be aware of numerous details. The U.S. Customs and Border Protection (CBP) regulates...
What is HS Code?
What is HS Code? Definition of Harmonized System Code HS Code or The Harmonized Commodity Description and Coding System, which is also known as the Harmonized System (HS) HS code is defined as the international standardized system of product names and numbers to...
Does IOR Own the Shipping Goods, and Who is The Importer?
Do Importer of Record IOR Own Imported Goods? For many newcomers to the import/export industry, understanding certain roles can be confusing. Questions like who the consignee is and who acts as the freight forwarder often puzzle them. Similarly, many are unclear about...
Benefits of Non-Resident Importer of Record (IOR) for Importers
Global procurement of tangible items is never an easy job particularly not when you want to import something into a foreign country. Therefore, experts always recommend all those people who are new to international shipments get expert Non-Resident IOR NRI (Importers...
Importer Of Record IOR Service in UK
Understanding the Importer of Record (IOR) Role in the UK The protracted issue of Brexit is still far from a solution. If it materializes then customs laws for the UK will change. For now, the EU customs directives are being followed at the UK seaports. Therefore, we...
Importer of Record and Customs Responsibilities
Importing and exporting goods involves extensive paperwork, often complicated by the involvement of various government agencies. This complexity can pose challenges for shippers aiming to transport goods into specific countries. However, IOR services play a crucial...
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...
What is The Role of CBP Importer of Record (IOR) in The USA?
The Legal Framework for CBP Importer of Record Services in the USA CBP Importer of Record USA (IOR) services play an integral part in the extensive shipping and customs landscape. If we particularly talk about the role of a CBP Importer of Record USA (IOR) in shipping...
All You Need to Know About the Importer of Record Number
This is the question many people are asking when they have to ship anything into an importing country for the first time. In this blog post, we will try to answer this burning question i.e. ‘What is an importer of record number’ and why it’s important. We will use...
What is Customs Bonds: A Guide for Importers and IORs
If you are importing anything into the US for example, then you eventually have to deal with customs bonds. They are the guarantees and securities that an Importer of Record (IOR) will comply with the rules that govern the shipping of any given commodity. Moreover,...
What Are Europe’s VAT Rules for Imports and Importers of Record?
VAT Rules for Importing Goods into the EU If you are importing goods into an EU country from a non-EU seaport, whether independently or through an IOR service, your goods will be classified as 'imports' and subjected to a fixed VAT rate. Understanding Value Added Tax...
The Role of Global IOR Services in International Shipping
The Importance of IOR Services in Global Trade Are you planning to ship equipment to a new country but lack experience? Be prepared for bureaucratic delays and complications due to unfamiliarity with import laws and regulations. Import requirements vary widely between...
Importer of record Australia: What You Need to Know
Importing and exporting stuff isn’t exactly a walk in the park. Every country has its own set of rules about what can come in and go out. And let’s be honest, trying to figure out all those rules for different countries can be a real headache. That's why we're going...
A Short Guide to Import Commercial Goods Into Canada
Canada has specific rules and regulations for importing commercial goods. All the seasoned Importer of Record IOR services for Canada comply with these rules to ensure clients’ goods and commodities can be imported and delivered to the concerned parties in the...