Have you ever considered using an exporter of record? All business owners know how much of a headache the global movement of goods is, from challenges and penalties to safe arrival and method of transportation. It’s a bit complicated process, and you will need an asset to focus on your business growth more. But before deciding to use a third-party exporter of record, you should first know what an EOR means and its responsibilities. Read on this article, and we will answer all of your questions.
What is an exporter of record?
An exporter of record, also known as a shipper, is a legal person or firm responsible for exported goods. They ensure successful shipping and arrival in the destination country and are also responsible for complying with all laws, regulations, and export documentation related to the export country, including licenses, permits, and export classification numbers.
Key Responsibilities of an Exporter of Record
Being an EOR comes with a lot of responsibilities. Let’s break down the main exporter of record responsibilities:
- Accurate classification of exported goods
- Ensuring export regulations compliance
- Paying all extra costs and penalties that may arise during exporting
- Providing all export documentation required on time
- Ensuring the safe arrival of goods to the destination country
- Determining the transportation way and its suitability with the exported goods
- Managing export custom clearance process
- Handling any delays or issues during the exporting transaction
Who Can Act As the Exporter of Record?
An EOR can be as follows:
- The owner of the goods
- A third-party EOR service provider
- A freight forwarder
Why do you need an EOR?
The reasons to use exporter of record EOR services for your business can’t be counted, but let’s focus on the main reasons below:
- Handling all export compliance and paperwork
- Accurate assessment of the fair market value for customs declaration
- Hassle-free export process without shipping stuck and delays
- Managing all financial obligations
- Guaranteeing the safety of goods during transportation
- Cost-effectiveness and availability of warehousing, if needed
- Safe unloading and packaging for special treatment commodities such as tech and IT
- IOR Africa guarantees the safe moving of goods and door-to-door delivery with outstanding specialized teams
Fill out the form now to connect with IOR Africa and experience the confidence of our Exporter of record services, knowing that every step of your export process is expertly managed, compliant, and cost-effective.
Frequently Asked Questions
Is the shipper the exporter of record?
In some cases, the shipper can also act as the Exporter of Record. This means they would not only handle the physical shipment of goods but also take on the other legal responsibilities.
What key information should an export declaration contain?
An export declaration must include the customs procedure code, commodity code, and declaration unique consignment reference, which serves as the primary identifier linking declarations.
What is the difference between an exporter and an exporter of record?
The exporter is the one sending the goods to another country, while the EOR is the one who is legally responsible for the export process, from documents and safety to penalties.
Can the importer and exporter be the same?
Yes, in some cases, especially if you are the owner of the goods