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IOR shipments, or Importer of Record shipments, refer to goods imported into a country where the importer is responsible for ensuring compliance with local laws and regulations. This includes handling customs duties, taxes, and other legal obligations. In the context of shipping to South America, here’s what you need to know: What is IOR? - **Definition**: The Importer of Record is the entity or individual responsible for ensuring that the shipment complies with all applicable laws and regulatio
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What is Responsibilities of an Exporter in Export As an exporter, your responsibilities are key to a smooth and successful export process. 1. Finding Buyers: Your first task is to find reliable buyers. 2. Negotiating Payment: Convince the buyer to agree to advance payment or an LC. This step is crucial for protecting your interests. 3. Coordinating with Manufacturers: Once the payment terms are set, place your order with the manufacturer. Ensure the goods are prepared and packaged correctly for
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