Understanding the Exporter of Record: Roles, Responsibilities, and Benefits

What is Exporter of Record ? The Exporter of Record (EOR) is a crucial entity in international trade responsible for ensuring compliance with export regulations. The Exporter of Record in Export takes on the legal responsibility for documentation, compliance, and customs clearance, making sure that shipments comply with both local and international export laws. Who is the Exporter of Record? The Exporter of Record in International Trade can be an individual or a company designated to handle the legal responsibilities of exporting goods. Businesses that lack expertise in international trade often appoint a Third-Party Exporter of Record to streamline the export process, ensuring compliance and avoiding penalties. Can a Freight Forwarder Be the Exporter of Record? A common question is: Can a freight forwarder be the exporter of record ? The answer depends on the regulations of the country involved. While freight for...