Importer of Record (IOR)
The Importer of Record (IOR) is the entity responsible for ensuring that imported goods comply with all applicable laws and regulations, including filing the necessary customs declarations and paying import duties and taxes. The IOR assumes legal responsibility for the shipment and must maintain accurate records for compliance purposes.
Related glossary terms
Customs broker
Customs broker is a licensed professional who clears shipments through customs on behalf of importers. Learn services, licensing rules, and when to hire.
Customs Brokerage
Customs brokerage is the service of clearing imports through customs, handling duties, paperwork, and compliance. Learn what brokers do and pricing models.
Duty
Duty is a government tax applied to imported goods, based on HS classification, country of origin, and value. Learn types, calculation, and who pays the duty.
Commercial Invoice
Commercial invoice is the document used to declare cargo value, parties, and terms for customs. Learn required fields, duties impact, and common mistakes.
