Shipped on Board

Shipped on Board

Confirmation that the goods have been loaded and dispatched for shipment on a maritime vessel. This clause is usually inserted onto a Bill of Lading (see above), with confirmation of the vessel name and date of international departure.

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Short Shipped

A short shipment describes the absence, non—delivery, or incomplete fulfilment of cargo on a shipping list. The term is used when cargo is not dispatched on the international vessel or flight which it was booked onto.

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Quota

An import quota is a limit on the amount of certain types of goods that can be brought into the UK.

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Proforma invoice

An advance draft of a sales invoice, which can act as a format for a sales offer, or may be used to facilitate payment in advance by a client. A proforma invoice may also be requested by a client in order to secure an import licence, foreign exchange or to initiate a letter of credit.

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Preferential Trade

Preferential trade is a trading agreement that gives more favourable access to certain products from the participating countries. This means that manufactured goods may enter those countries at lower customs duty rates. Preferential trade can occur either within a Free Trade Area, or between countries or trading blocs which sign Free Trade Agreements.

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Preferential Tariff

Preferential Tariff can be claimed where the rules of origin have been met and preferential duty rates can be claimed due to specific trade agreements between the UK and third countries. For further information, please refer to the Tariffs Guide.

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Procedure Code

This is a four—digit code which is used to identify the requsted procedure the goods are going into (such as Free Circulation), and the previous procedure they are coming from (for example, Customs Warehousing). For further information, please refer to GOV.UK.

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Preferential Origin

Preferential Origin is conferred on goods from particular countries that have fulfilled certain criteria. In order to obtain preferential origin those criteria generally require that the goods be wholly obtained or have undergone specifically determined working or processing. Preferential origin confers certain tariff benefits (entry at a reduced or zero rate of duty) on goods

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Prohibited and Restricted (P&R) goods

Prohibited and Restricted (P&R) goods are subject to regulations preventing the import or export of goods that may only be imported or exported under certain conditions. Such goods may require special licences or authorisations to enable goods movements. Prohibitions are often connected with embargoes and sanctions, as well as the safety of persons, flora and

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