Importer of Record Service

We provide Importer Of Record (IOR) services for foreign importers 

Many Libya based technology companies and Banking Sector require products to be delivered on Delivered Duty Paid (DDP) Terms. Under the terms DDP, the foreign seller is responsible for door-to-door delivery, the payment of import duties and any applicable taxes. Under the eleven Incoterms® Rules, DDP terms impose the maximum level of obligation on the foreign seller.

What is an Importer of Record?

“Importer of Record” is a term used in customs law for the entity responsible for ensuring the imported products comply with local laws and regulations, filing a completed customs entry and paying the assessed import duties and other taxation for those products. In most countries in the North Africa, the Declarant / IOR needs to be established in Libya, meaning the importer needs to have a Libyan entity, established business or a physical presence, to take responsibility for customs procedures and declaring the import.

If a foreign company is importing into Libya and is not established in Libya, they can’t make a customs declaration for a shipment of products. The foreign company will require a third party that will need to act as the IOR. This third party could be a third-party service company, such as Gazelle Express Services.