What is the primary responsibility of an "Importer of Record" (IOR)?

The primary responsibility of an "Importer of Record" (IOR) is to ensure compliance with legal and regulatory requirements associated with importing goods into a country. This role encompasses a variety of duties, including but not limited to, filing necessary documents with customs, ensuring accurate classification and valuation of goods, and making sure all import duties and taxes are paid. The IOR must be knowledgeable about both the rules governing imports and the specific requirements of the importing country.

Ensuring compliance is critical because failure to adhere to customs regulations can result in penalties, seizures of goods, or other legal repercussions. The IOR acts as the point of contact with customs authorities and takes on legal responsibility for the imported goods, reinforcing the importance of adhering to all applicable laws during the importation process.

The other options focus on aspects that, while related to the logistics of importing, do not encapsulate the primary duties of an IOR. For instance, paying shipping costs, handling logistics related to warehousing, or negotiating prices with vendors are important tasks but do not reflect the core compliance-centric responsibilities that define the role of the Importer of Record.