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Explore our blog and case studies on becoming an exporter of record. Learn key strategies, compliance tips, and success stories for international trade. Discover essential insights on handling customs, documentation, and logistics. Stay informed with expert advice and real-world examples to streamline your export operations and enhance global growth.
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Stay informed with real-time updates through our blog content. Access the latest insights on global trade, compliance, and logistics. Get expert analysis, industry trends, and actionable tips to optimize your import and export operations.
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Maximize global trade success with our Exporter of Record services. Benefit from seamless customs compliance, efficient logistics, and expert documentation, ensuring smooth cross-border transactions and reduced risk. Expand confidently.
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Frequently Asked Questions
Find answers to your Exporter of Record FAQs, covering key topics like compliance, documentation, customs clearance, and logistics. Get expert insights into managing export responsibilities, minimizing risks, and ensuring smooth international transactions.
TO CALCULATE LCL FREIGHT CHARGE:
To calculate LCL ocean freight based on volume (CBM):
Formula:
Total Freight = Number of CBM x Freight
(e.g., USD 5.50 x 2.80 CBM = USD 15.40)
To calculate LCL ocean freight based on weight (Kg):
1 CBM equals 1 MT or 1000 Kgs.
Formula:
Total Freight = Number of Kg x Freight
(e.g., USD 5.50 x 2 MT = USD 15.40)
The international practice dictates using the higher of the two calculations, whether volume or weight, to determine the freight charge.
TO CALCULATE AIR FREIGHT CHARGE:
Given a box of books measuring 100x100x100 cm with a gross weight of 100 kgs, and a freight rate of USD 2.00 per kg:
To calculate air freight rates based on gross weight:
Formula:
Total Air freight rate = Freight Rate x Gross Weight
(e.g., USD 2.00/kg x 100 kgs = Total Air freight USD 200.00).
To calculate air freight rates based on volumetric:
1. Determine the volumetric weight by dividing the dimensions (Length x Width x Height) by a volumetric divisor (e.g., 6000).
For example, if the volumetric weight (VW) is determined to be 166.66 kg:
Formula:
Total Air freight rate = Freight Rate x Volumetric Weight (e.g., USD 2.00/kg x 166.66 kg = Total Air freight USD 333.32).
The international practice dictates using the higher of the two calculations, whether volume or weight, to determine the freight charge.
Please log in to your account, select "View Profile," navigate to "Booking," and enter all necessary information. (Proforma booking captures initial details, while Final Proforma covers final booking specifics.)
Simply select "Tracking" from the main menu or visit www.ex-workscargo.com/easy-track and enter your reference number to check your shipment status.
An Exporter of Record (EOR) is responsible for various critical tasks in the export process, ensuring compliance and smooth execution of international trade. Key responsibilities include:
1. **Compliance with Regulations**: Ensuring all export activities adhere to local, national, and international regulations, including customs laws, export controls, and trade sanctions.
2. **Documentation Management**: Preparing and managing necessary export documentation, such as commercial invoices, packing lists, export licenses, and certificates of origin.
3. **Customs Clearance**: Handling customs procedures and ensuring that goods clear customs efficiently, including submitting the correct documentation and paying any applicable duties and taxes.
4. **Record-Keeping**: Maintaining accurate records of all export transactions and documentation for regulatory compliance and potential audits.
5. **Risk Management**: Identifying and mitigating risks associated with international shipping, including compliance risks, logistical challenges, and financial exposures.
6. **Logistics Coordination**: Overseeing the logistics of shipping, including selecting carriers, arranging transport, and ensuring timely delivery of goods.
7. **Legal Liability**: Assuming legal responsibility for the export transactions, including any potential legal issues arising from non-compliance or other problems.
8. **Customer Communication**: Acting as the point of contact for international buyers, addressing any issues or queries related to the export process.
9. **Tariff Classification**: Ensuring correct tariff classification of goods to determine appropriate duties and taxes.
10. **Trade Agreement Utilization**: Leveraging relevant trade agreements to optimize cost savings and trade benefits.
By fulfilling these responsibilities, an Exporter of Record facilitates efficient and compliant international trade, minimizing risks and ensuring smooth operations.
Our Importer Of Record services typically cover a wide range of products, including electronics, IT products, medical devices, pharmaceuticals, apparel, consumer goods, and industrial equipment. This service is crucial for ensuring compliance with local regulations, managing customs duties, taxes, and facilitating smooth international trade transactions across various industries.
To obtain rates, visit www.ex-workscargo.com/get-quote, choose the transportation mode, and provide all necessary information (cargo details: Volume, Weight, Nature of goods, and other specifications).
You'll need a Commercial Invoice, Packing List, and any relevant shipping documents to initiate shipping with ex-works. Please attach these documents when booking with us.
Indeed, we offer worldwide shipping services and collaborate with leading carriers globally to meet your requirements. Details of our counterparts will be provided upon confirmation of your booking.