Importer of Record and Exporter of Record – IOR and EOR
Importer Of Record IOR and Exporter Of Record EOR: Why do I need it?
On today’s blog post, we are going to talk about a very important subject that not everyone understands: IOR (Importer Of Record) and EOR (Exporter Of Record).
Let’s start from the beginning: What actually is IOR (Importer Of Record) and EOR (Exporter Of Record)?
IOR (Importer Of Record): Is a person or a company responsible for arranging everything legal related in an import operation on the country of importing. The IOR Importer of record is also responsible for making all the payments of duties, tariffs, and fees of the imported goods. Essentially, it is the importer representative.
EOR (Exporter Of Record): The Exporter Of Record covers the same points as the IOR, but applied to Export instead of Import operations. The EOR is responsible for responding everything about an export operation to foreign destinations.
Why do I need an Importer of Record IOR or an Exporter of Record EOR?
Since global logistics always involves more than one country, IOR Importer of Record and EOR Exporter of Record exists to make sure that all process will happen with no problems with local legal points and taxes. It’s the guarantee that everything that happens out of schedule can be quickly be solved.
Other great advantages to working with IOR Importer of Record|EOR Exporter of Record are:
- Simplified shipment clearance process.
- No cost to establish legal entities in foreign countries.
- A transparent process that is fully compliant with all the Import laws of the importing countries including a document retention system in compliance with Import|Export regulations.
What are Importer of Record IOR / Exporter of Record EOR responsibilities?
Importer of Record IOR and Exporter of Record EOR are services established to provide a single organization to fulfill international trades’ requirements. Importer of Record IOR / Exporter of Record EOR ensures faster, simpler and more reliable importing/exporting worldwide.
The company that provides Importer of Record IOR services and Exporter of Record EOR services can be the owner or the purchaser/seller of foreign merchandise. In the case of an Importer of Record IOR, it may also be a customs broker with a power of attorney (POA) to assume the activity of the importer.
In order to manage and supervise import and export operations, Importer of Record IOR / Exporter of Record EOR include some direct responsibilities as:
- Classification and valuation of the merchandise before the import.
- Overall review of the export processes.
- Compliance of the destination/source country regulations.
- Paying all the taxes upon an international trade.
- Presenting the specific declarations to government agencies.
- Prepared all the required documentation (certifications, permits and authorizations).
Why Importer of Record IOR Service / Exporter of Record EOR service are so important?
To import and export any goods, it’s necessary to have an established business or a legal entity in the destination or source country. Importer of Record IOR / Exporter of Record EOR can assume this role by taking the responsibility of import/export processes and all subsequent taxes until the delivery is fulfilled. They are officially recognized by the governments as part of a shipment transaction.
Importer of Record and Exporter of Record ensure compliance with all necessary regulations and statutes to deal with a new country. These services also enable customers to export warranty or replacement stock to other countries. With an extensive freight network worldwide, GCE Logistics can easily provide all these Importer of Record IOR / Exporter of Record EOR assignments.
GCE Logistics is a reliable provider if Importer of Record IOR and Exporter of Record EOR. Get in touch with us here to know how we can help you.
What are Importer of Record IOR / Exporter of Record EOR responsibilities?
In order to manage and supervise import and export operations, Importer of Record IOR / Exporter of Record EOR include some direct responsibilities as:
- Classification and valuation of the merchandise before the import.
- Overall review of the export processes.
- Compliance of the destination/source country regulations.
- Paying all the taxes upon an international trade.
- Presenting the specific declarations to government agencies.
- Prepared all the required documentation (certifications, permits and authorizations).
Why Importer of Record IOR Service / Exporter of Record EOR service are so important?
To import and export any goods, it’s necessary to have an established business or a legal entity in the destination or source country. Importer of Record IOR / Exporter of Record EOR can assume this role by taking the responsibility of import/export processes and all subsequent taxes until the delivery is fulfilled. They are officially recognized by the governments as part of a shipment transaction.
Importer of Record and Exporter of Record ensure compliance with all necessary regulations and statutes to deal with a new country. These services also enable customers to export warranty or replacement stock to other countries. With an extensive freight network worldwide, GCE Logistics can easily provide all these Importer of Record IOR / Exporter of Record EOR assignments.
GCE Logistics is a reliable provider if Importer of Record IOR and Exporter of Record EOR. Get in touch with us here to know how we can help you. Get Your Importer of Record Quote Now