What is an Importer of Record?

What is an Importer of Record?
Of late, there has been an increased amount of international trade. The shipping of goods has become quite a viable business. Companies are now interested in shipping out and importing goods to meet the needs of a certain market. To ensure that all international laws and regulations are adhered to, the United States sought to ensure that all goods entering the borders are accounted for. In 1993, there was the establishment of an Importer of Record. An Importer of Record was a person, entity, or company who was responsible for the imported goods. They would ensure that the goods adhere to all regulations, that the goods are properly described and assessed, and ensure that all duties and tariffs are paid. A tough task? Not if you have IOR Africa by your side. IOR Africa is an international trade and logistics…