Free on Board (FOB)

One of the 11 current Incoterms® (see below), usually used in conjunction with the name of a place or port. Under FOB terms, a seller is responsible for all costs and bears the risk until the goods are placed on board a vessel in the nominated port in the country of export. For further information, […]

Free movement allows goods to leave one country and enter another country without extra taxes, legal documents or official limits.

Full Frontier Declarations are required for any goods movements from the Rest of World excluding the European Union to Northern Ireland, as well as for some scenarios of goods moving from Great Britain to Northern Ireland (e.g., those moving into Inventory—Linked Ports (ILPs) and when using certain special procedures). The Full Frontier Declaration is required

FAS is an accounting sub—system that can be used to process import entries through a computer terminal linked to the Customs Handling of Import and Export Freight (CHIEF) system. It can only be used if you’re a Direct Trader Input (DTI) agent who wants to pay for charges due on DTI entries using an immediate

The TSS Full Frontier Declaration path requires traders to submit all information on their declaration and pay any necessary duties at the same time, generally before the goods move into Northern Ireland. Movements from Rest of World excluding the European Union or movements into inventory—linked locations must use the TSS Full Frontier Declaration path. While

The law of general average is a principle of maritime law whereby all stakeholders in a sea venture proportionately share any losses resulting from a voluntary sacrifice of part of the ship or cargo to save the whole in an emergency. For instance, should the crew jettison some cargo overboard to lighten the ship in a storm, the loss would be shared pro rata by

The GIRs are a set of six rules provided to ensure uniform legal interpretation of the Harmonized System for the accurate classification of goods. For further information, please refer to the World Customs Organization (WTO).

A Final Supplementary Declaration (FSD) details the number of Supplementary Declarations finalised for the reporting period compared to the number of Supplementary Declarations due. Final Supplementary Declarations must be submitted by 9pm on the fourth working day in the month following the reporting period. This includes all Supplementary Declarations submitted up to that day. For

Unilateral trade agreements designed by developed countries to support the economies of developing and least developed countries. GSPs gives eligible developing countries certain trade preferences. These trade preferences reduce or remove rates of duty (tariffs) on imports.

Applies to goods that enter NI but may later be sold or consumed within the EU (i.e. Ireland). It also applies to goods moved into NI for commercial processing, unless in one of the approved processing sectors. In addition, any goods subject to EU trade defence measures are also classed as ‘at risk’.