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Importer of Record (IOR) is an authorized individual or entity who takes responsibility for an import. In other words, the person or business that puts their name on the shipping paperwork and acts as the consignee or importer. Typically, this entity or individual is also responsible for concluding all necessary documentation and paperwork carried out for shipment purposes to clear customs.
The entity lends its company name on the import paperwork including all legal documentation, payment of duties, and fees of the imported goods. The importer of record will act as the government-responsible party that conducts import transactions.