Local Reference Number (LRN)

Importer

Party responsible for completing the customs declarations for the arrival of the goods. This could be the sender, receiver or their intermediary and should be pre—agreed in the delivery terms.

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ISO country codes

The International Organisation for Standardization (ISO) sets out internationally recognised codes, designated to each country and most dependent areas. ISO country codes define two— or three—letter abbreviations for countries. The ISO code for the UK is GB. ISO codes can be found on GOV.UK.

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Invoice

A commercial document issued by a seller to a buyer, relating to a sale transaction and indicating the products, quantities, and agreed prices for products or services the seller had provided the buyer.

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Intrastat

The Intrastat system collects statistics on the trade in goods within the EU. All VAT—registered businesses trading with other EU member states must provide details of the total value of goods dispatched to other EU member states and the total arrivals of goods acquired from other EU member states, on their VAT return. The supply

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Intellectual Property

Intellectual property describes intangible assets or ’creations of the mind’ which enable a business to operate, and which are the property of the business or the individual. This can refer to trademarks, patents, industrial designs or copyright. Any business intending to trade internationally should protect all intellectual property effectively in all markets in which their

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Goods Vehicle Movement System (GVMS)

The Goods Vehicle Movement Service (GVMS) is a UK Government border control information technology system for coordinating the movement of vehicles. This system is available at specific ports in the UK for faster clearance of goods with pre—lodged declarations. GVMS is connected to CDS and provides electronic notification of shipment status. For further information, please

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Groupage

Groupage freight is a shipping method used when unit of goods are transported in bundles to form a consolidated transport i.e. the combination of several smaller shipments into one full container. This shipping method is suitable for single pallets. For a larger pallet quantity, partial load shipment is generally the cheaper option. The Groupage process

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