Checklist for an Importer of Record (IOR)
Published At: DD-MM-YYYY
Importer of Record (IOR) service provider takes the responsibility of providing a smooth importation process of hardware technology, telecom equipment or medical equipment depending upon what technology product is being imported.
Reasonable care must be undertaken by IOR providers regarding the custom clearances, trade compliances, accurate documentation etc. If due diligence is not done or guidelines have not been adhered to, the shipment can be held, and penalties can be imposed.
Here is a closer look at the Checklist:- Commercial invoice
- Airway Bill
- Packing list
- Product specification
- Country of Origin verification
- Labeling and marking
- Cross check invoices and documentation to ensure compliance
- Record keeping of documents
- Provide list of additional documents required to meet trade compliance
- Proof of Delivery Document
Multiple shipments from various international suppliers can be a daunting task that companies do not wish to undertake. IOR provider like TLS Technology helps ease and efficiently manage global product distribution-related headaches by taking complete responsibility of the end-to-end process.
Clear processes and experienced IOR partners can help make import easier as well as maintain solid customer relationships.
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