Blogs
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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...
Importer of Record IOR Services for Philippines
The difficulty in importing goods into the Philippines is the same as for any other Southeast Asian country. Many first-time vendors who need to import goods into the Philippines are unaware of the extensive rules and regulations they must comply with. Before...
All You Need to Know About IOR Importer Of Record
In the formative days of goods shipping, people would make deals with each other depending on their goodwill and franchise. However, shipping operations have changed a lot. Now, individuals no longer steer the ship both figuratively and literally. Besides...
Difference Between Importer of Record and Consignee
Understanding the complex and layered customs requirements can be challenging. If international shipping is part of your business, understanding the roles that various entities play in completing import-export transactions, particularly the role of the importer of...
Why Harmonized Tariff Schedule is Important?
The Harmonized Tariff Schedule (HTS) came into play on January 1, 1989, thanks to Congress, to streamline the way tariffs were handled. The World Customs Organization (WCO) took charge of putting it into action. Using the Harmonized Commodity Description and Coding...
What is Trade Compliance ?
Trade compliance is the set of laws, regulations, and operational processes that businesses must follow when moving goods, services, technology, or intellectual property across international borders. It covers seven main domains: customs compliance, export controls,...