{"id":5024,"date":"2021-02-15T10:42:50","date_gmt":"2021-02-15T10:42:50","guid":{"rendered":"https:\/\/www.webtechmantra.com\/?p=5024"},"modified":"2022-02-25T11:29:51","modified_gmt":"2022-02-25T11:29:51","slug":"what-you-can-expect-from-an-exporter-of-record","status":"publish","type":"post","link":"https:\/\/www.webtechmantra.com\/what-you-can-expect-from-an-exporter-of-record\/","title":{"rendered":"What You Can Expect from an Exporter of Record?"},"content":{"rendered":"<p>To be successful in international trade, compliance with the rules and regulations is a requirement. The International trade compliance regulations ensure conformity to trade rules description and value of trade goods, and payment of taxes and duties where applicable, and conforming to restrictions based on the country of import or export. Such processes may be challenging for many export businesses. That is why they seek the services of an <a href=\"https:\/\/iorafrica.com\/services\/exporter-of-record-eor\/\" target=\"_blank\" rel=\"noopener\">exporter of record<\/a>. An Exporter of Record may be an individual or an entity responsible for obtaining and ensuring export clearance documents.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_61 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.webtechmantra.com\/what-you-can-expect-from-an-exporter-of-record\/#Responsibilities_of_an_exporter_of_record\" title=\"Responsibilities of an exporter of record\">Responsibilities of an exporter of record<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.webtechmantra.com\/what-you-can-expect-from-an-exporter-of-record\/#What_one_can_expect_from_an_exporter_of_record\" title=\"What one can expect from an exporter of record\">What one can expect from an exporter of record<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.webtechmantra.com\/what-you-can-expect-from-an-exporter-of-record\/#Business_and_forwarding_agent_liaison\" title=\"Business and forwarding agent liaison\">Business and forwarding agent liaison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.webtechmantra.com\/what-you-can-expect-from-an-exporter-of-record\/#Return_goods_policy\" title=\"Return goods policy\">Return goods policy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.webtechmantra.com\/what-you-can-expect-from-an-exporter-of-record\/#Evaluation_of_goods_for_swapping\" title=\"Evaluation of goods for swapping\">Evaluation of goods for swapping<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.webtechmantra.com\/what-you-can-expect-from-an-exporter-of-record\/#Offer_guidance_in_the_export_business_field\" title=\"Offer guidance in the export business field\">Offer guidance in the export business field<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Responsibilities_of_an_exporter_of_record\"><\/span><strong>Responsibilities of an exporter of record<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Adherence to custom process for the export of goods<\/li>\n<li>Cases of breach of compliance rules and regulations, the exporter of record faces <a href=\"http:\/\/www.uslocallawyers.net\/\" target=\"_blank\" rel=\"noopener\">criminal<\/a> liability or financial penalties.<\/li>\n<li>Financial consequences in case of failure of the delivery of goods lie with the exporter of record.<\/li>\n<li>Provides information regarding shipment when required by the forwarding agents<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"What_one_can_expect_from_an_exporter_of_record\"><\/span><strong>What one can expect from an exporter of record<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Though there are rarely any taxes or duties for exports, some export businesses underestimate the need for an EOR. But one needs the export processes thorough knowledge and confidence to do transactions. Below are some of the reasons why one may require an Exporter of Record. know more about <a href=\"https:\/\/coshipper.com\" target=\"_blank\" rel=\"noopener\">shipping from china to usa<\/a>.<\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Business_and_forwarding_agent_liaison\"><\/span><strong>Business and forwarding agent liaison<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p>The process of export involves constant communication between the business and the importer of the goods. The EOR handles such communication by providing shipment details regarding the addresses and legal names, the port of origin, description, and quantity of goods and their value. That will make it easy to make an export declaration as per the international trade rules. An EOR also ensures that one gets the fair value of the goods.<\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Return_goods_policy\"><\/span><strong>Return goods policy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p>Some goods may arrive at the destination in bad condition due to transport and handling at the warehouse. Such export goods may require replacement or a return to the manufacturer or supplier for repairs. That process is challenging, but an exporter of records can help.<\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Evaluation_of_goods_for_swapping\"><\/span><strong>Evaluation of goods for swapping<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p>Apart from returning goods due to damage, return policy also applies to goods due for export at the end of a contract, aged goods, or new version goods export. One should get a proper evaluation of such goods, and an EOR provides that service too.<\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Offer_guidance_in_the_export_business_field\"><\/span><strong>Offer guidance in the export business field<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p>One of the most challenging issues in the export business is the violation of customs laws. Business entity negligence can result in high penalties, but an EOR preempts an exporter on such concerns and guides them to deal with them.<\/p>\n<p>An EOR plays a role in international trade and makes it easier for all the stakeholders. They also keep the records for up to five years in case of audit purpose requirements. A service provider with expertise, experience, and proven track record will ensure timely delivery, legal compliance of shipment regulations adherence across the globe for the benefit of both the seller and the buyer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To be successful in international trade, compliance with the rules and regulations is a requirement.<\/p>\n","protected":false},"author":1,"featured_media":5025,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[823],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What You Can Expect from an Exporter of Record?<\/title>\n<meta name=\"description\" content=\"To be successful in international trade, compliance with the rules and regulations is a requirement. 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