An IOR is a legal entity that takes on the import compliance risks and responsibilities. Acting as the IOR comes with a lot of risks — risks your business may not want to take on. That’s where a trusted IOR service provider like TecEx comes in.
The Importer of Record must possess all the necessary and accurate information on each destination country’s laws and customs regulations. Years of experience in trade compliance and global presence make TecEx the go-to partner for international hardware deployment and reliable importing.
In contrast to a consignee (who is responsible for taking possession of the goods once they arrive in the destination country), the IOR is responsible for the submission of compliance documentation and assuming the legal liability for the imported gear.
Another contrasting entity is that of the customs broker. While a registered IOR does act as the customs broker and obtains customs brokerage for the goods, it is very rare that a customs broker acts as an IOR. Importing dual-use goods requires a lot of knowledge and collation of compliance documentation. The IOR process is complex, and TecEx makes it simple by ensuring seamless first-time customs clearance.