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Why Importer of Record (IOR) is important for global trade?

Why Importer of Record (IOR) is important for global trade?

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For an ICT company, distributing equipment to clients all over the world can be an overwhelming experience given that their core business activity is developing technologically advanced products. The downside of having a technology reseller take on the responsibility of ensuring goods clear customs is that it can lead to costly delays for both the client and the reseller.

This is where an importer of record (IOR) like TLSTechnology Australia New Zealand steps in. IOR partners are organized entities that act as representatives on behalf of the clients to help supply their IT goods around the world. Some of the critical aspects that IOR providers can oversee are:             

Handling Paperwork

For shipping IT goods, the exporting entity needs to provide all the compulsory paperwork that accompanies the transaction. IOR provider makes sure the due diligence is proper and ensures that documents such as commercial invoices, waybill and other documentation supporting custom clearance including permits, licenses, and certifications are in place. The tricky part is that every nation has varied restrictions with its own strict rules and regulations.       

Responsible for doorstep delivery

The items that are transferred globally by the IT companies are for consumption at the other end and not to be sold. Other than an organized entity like an IOR provider, there is no one who can take responsibility for the goods. Only an IOR, who is a local tax-paying entity in that country can take responsibility for the goods as per government-mandated rules.

Timely delivery and customer service

Assigning a designated entity to undertake the timely delivery of goods and offer 24/7 customer service is the role of an IOR. The designated. When choosing an Importer of Record, however, partner with a company that ensures the best lead times, and that will see your shipment through every step of the way.

Why TLS Technology for global trade?

TLS Technology boasts of competitive industry rates, 24/7 customer service, and quick delivery timelines. We have established our reputation as a reliable and trusted company that facilitates the distribution of technology products worldwide. Our team boasts of skilled professionals with over 10 years of experience across IT, Telecom, Satellite, Medical Logistics, Global Trade Compliance, Supply chain logistics, Business Management and Project Management.

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