Table of Contents Aspect Bill of Lading Document of Sale Purpose Proof of shipment and contract for transport Proof of transaction and payment terms Parties Involved Shipper, carrier, consignee Buyer and seller Transferability Negotiable (in some cases) Non-negotiable Legal Standing Acts as a contract of carriage and title document Confirms the sale and payment agreement […]
Module 1: Navigating the CDS Tariff(Download)
Risks of using DAP Incoterm Understanding the risks of using the DAP (Delivered at Place) Incoterm is crucial for protecting your business in international trade. Under DAP, the seller is responsible for delivering goods to a named destination — but once they arrive, the buyer takes on all the risks and costs, including customs clearance […]
How to Become a Customs Agent in the UK Introduction Becoming a customs agent in the UK is a rewarding career path that offers opportunities to work at the heart of international trade and commerce. Customs agents play a critical role in ensuring that goods imported and exported through UK ports and airports comply with […]
What You Need to Know About REX and the REX Process In the world of international trade, understanding the various schemes and certifications available can significantly streamline the customs process and reduce costs. One such important scheme is the Registered Exporter System (REX). Introduced by the European Union (EU), REX simplifies how exporters certify the […]
The European Union’s Import Control System 2 (ICS2) is entering its next phase, and from April 1, 2025, road and rail economic operators will be required to comply. This new system is designed to enhance security and streamline customs procedures, making it essential for operators to understand their obligations and prepare in advance. What is […]
Travelling to the EU? Prepare now for the EU posting of drivers portal. From 2 February 2024, the EU is introducing new rules that mean if you operate loaded goods journeys in and between European Member States (cabotage or cross-trade), you may need to register information digitally about your journeys on a new EU web based […]
Exporters will have more time to move across to the Customs Declaration Service, HM Revenue and Customs (HMRC) has announced.
Understanding customs valuation is crucial for businesses, importers, and customs professionals. In this video, we break down customs value calculation methods, key regulations, and common mistakes to avoid when declaring import values.📌 What You’ll Learn:✅ What is customs valuation?✅ How to determine the correct customs value✅ The 6 WTO-approved valuation methods✅ Common mistakes that lead […]
Think You’re an Incoterms 2020 Pro? This Eye-Opening Quiz Will Shock You! Test your knowledge of Incoterms 2020 with this interactive quiz designed for trade enthusiasts! 🚢📦 Incoterms (International Commercial Terms) clearly define the responsibilities of buyers and sellers engaged in global trade. Understanding them is absolutely crucial for smooth transactions and avoiding costly mistakes […]