This is regardless of whether the OER is aware of the negligence, or if they were aware that a violation had occurred and did not take steps towards resolving or reporting it. These could be financial penalties, criminal liability, or both. If a breach in compliance procedures occurs, the EOR can face severe penalties. These responsibilities are legally binding. If goods don’t arrive at their destination either on time or whatsoever, the EOR is also responsible for any financial consequences to the recipient. the forwarding of any detailed information about a shipment to the forwarding agent (if one is involved).

ensuring that a clear and accurate description and value of the goods being exported is present.the obtaining of all the necessary documentation for export clearance (such as licenses and permits).So, their responsibilities might also include: The EOR is responsible for adhering to the customs processes required in a country for the export of goods. What are the responsibilities of the EOR? They could also avoid potential financial/legal consequences that come with those mistakes. Using a third-party EOR could help them avoid making mistakes. Why is an Exporter of Record needed?īusinesses use an EOR for their expertise and knowledge of the export process. If the EOR is not the owner, then they could be a licensed and knowledgeable third-party export service provider. In many cases, the EOR is also the shipper, and may also be the owner of the goods too, but they don’t have to be. They carry out a valuable service because they help businesses meet trade compliance rules and regulations while exporting. An EOR is the legal exporting entity for goods leaving the country.

Exporter of record