![]() We have a concise process to evaluate goods, advise regarding export related documents, declare goods correctly to the in-country customs officials and evaluate the value of goods in addition to meet all export related compliance. TLS Technologies’ experience in this sector helps them conduct EOR for technology goods in over 155+ countries worldwide. If the supplier is shipping goods to a country where they do not have a registered entity or do not know how to evaluate the accurate value of the goods, they would need an EOR for the legalities and paperwork. To avoid financial and legal implications owing to inexperience in the sector, most companies want to avoid the headache and risks involved with licenses and trade compliance. If the owner does not have relevant experience, they may prefer to get a third party for EOR for the end-to-end process. All relevant information.Īn EOR also has to forward detailed information regarding the shipment to the client on a timely basis. Therefore, there is a huge responsibility for the EOR. This includes:Ī) Procuring all relevant documentation such as licenses and permitsī) Accurate description and value of goods that are being exportedĮOR can potentially face severe penalties if there is a negligence, or the goods do not reach the destination as decided. ![]() What are the primary responsibilities of an EOR?ĮOR is similar to an IOR and is responsible for adhering to customs clearances and process of the destination country in order to export the goods. However, if the EOR is not the owner, then a licensed and expert third party service provides acts as the exporter of record. Sometimes, the Exporter or Record is the shipper, or the owner of the technology hardware as well. If your goods are leaving the country and you do not have a registered entity present in the destination country, you would need an Exporter of Record to do the due diligence.Īn Exporter of Record represents the legal exporting entity for goods leaving a country for another destination. That includes accurate description and value of the shipment, laws and regulations are adhered to including import and export licenses, due payment of taxes and duties, wherever required. Unless there are special reasons the responsibility for import, usability or marketing of your product should be assumed by the buyer as the importer. This aspect of import/export makes sure you are complying with the norms when the goods are entering or leaving a country. So, what does international trade compliance entail? ![]() There are many nuances that help businesses meet compliance and regulations in addition to ensure smooth shipment of products. Exporter of Record (EOR) is a service that is an integral part of international trade compliance.
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