Free Movement
Free movement allows goods to leave one country and enter another country without extra taxes, legal documents or official limits.
Free movement allows goods to leave one country and enter another country without extra taxes, legal documents or official limits.
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,
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An agreement between two or more countries to trade freely with each other while still being able to set their own tariffs on goods from the rest of the world. FTAs make trade cheaper (by eliminating or reducing customs duties and red tape) and faster (by making transit through customs easier and setting common rules).
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A freight forwarder, forwarder, or forwarding agent, is a company that organises shipments for individuals or corporations to get goods from the manufacturer or producer to a market, customer or final point of distribution.
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
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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
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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).
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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.
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