by IOR Africa | Apr 2, 2023 | Blog
A lot of companies need to choose their Importer of Record. (IOR) responsibilities or outsource them to a third-party provider. companies should consider their goals as well as their risk tolerance levels. Doing so ensures that companies make decisions that go with...
by IOR Africa | Mar 1, 2023 | Blog
The Importer of Record is the foundation for any successful international trade transaction. Knowing who handles import taxes, duties, and compliance regulations is essential. It is vital to determine how to conduct business in a foreign market. Effective use of an...
by IOR Africa | Sep 14, 2021 | Blog
In international trade, every country has its own set of rules and regulations for trade compliance and tariffs. It’s important to be aware that information becomes more scarce in complicated destinations. This can decrease transparency when pricing is involved...
by IOR Africa | Aug 25, 2021 | Blog
In the past, the problem that buyers and sellers encountered when shipping goods internationally was who would bear the losses. If a defect occurs during transportation, who will be held responsible? Where does the seller’s responsibility end? For all these issues,...
by IOR Africa | Aug 1, 2021 | Blog
In international trade, incoterms are a set of standard commercial terms used in letters of credit and other shipping documents to specify how the seller will deliver the goods and who pays for transportation costs. The delivered duty paid incoterm is one of the most...
by IOR Africa | Jun 10, 2021 | Blog
E-commerce is gaining traction in the South African market, particularly in remote places where traditional distribution systems are too expensive. To compete with mail-order enterprises, almost all traditional markets now have a website, and many outsource delivery...
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