Blogs
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The New Incoterms 2020
At a Glance 11 rules │ 7 any-mode + 4 sea-only │ Current since 1 Jan 2020 │ No Incoterms 2023 or 2025 │ Next revision ~2030Incoterms 2020 are the 11 international trade rules published by the International Chamber of Commerce (ICC) that define the responsibilities of...
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 — also known as the Harmonized System (HS) — is the international standardized system of product names and numbers used to classify traded goods....
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?
What is an Exporter of Record? What Are EOR Responsibilities? Exporter of Record services operate similarly to IOR services but focus primarily on managing the rules and regulations related to shipments leaving the exporting country. While these services are crucial...
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...