Entries by Megan MacKeown

Importer of Record (IOR)

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In importer terms, an IOR (Importer of Record) is the entity or person in the destination country responsible for ensuring compliance requirements are met for customs clearance, product classification, and the payment of duties and taxes.

Harmonized Tariff Schedule Code (HTS Code)

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The HS (Harmonized System) or HTS (Harmonized Tariff Schedule), developed by the World Customs Organization (WCO), is used to assign duties to a traded product and provide international trade data.

Exporter of Record (EOR)

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In export terms, EOR (Exporter of Record) refers to the person or entity responsible for ensuring the correct documentation is acquired and legal compliance and regulations are followed for the goods to be exported out of a country.

Harmonized System (HS)

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The Harmonized System is an international multipurpose nomenclature used to classify traded products.

Freight Forwarder (FF)

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A freight forwarder (FF) is an intermediary responsible for arranging transport and preparing documentation for the movement of goods.

Export Control Classification Number (ECCN)

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An Export Control Classification Number (ECCN) is an alphanumeric identifier used in the Commerce Control List to recognize products for export control purposes. An ECCN categorizes items based on the specifications of the product.

Export Administration Regulations (EAR)

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EAR99 indicates that an item is subject to the Export Administration Regulations (EAR). However, it is not explicitly described by an Export Control Classification Number (ECCN) on the Commerce Control List (CCL).

Delivered Duty Paid (DDP)

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The DDP incoterm (Delivered Duty Paid) is a delivery agreement between the shipper and receiver. The DDP incoterm stipulates that maximum responsibility is placed on the shipper, whose obligations include delivering to an agreed-upon destination, clearance of the goods, and payment of duties and taxes.