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Thursday , June 21 2018

What is the significance of the term Ex-Works..??

exw1

What is the significance of the term Ex-Works..?? “Ex Works” means that the seller delivers when it places the goods at the disposal of the buyer at the seller’s premises or at another named place (i.e.,works, factory, warehouse, etc.).. The seller does not need to load the goods on any …

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BLIND SHIPPING

Blind-shiping

WHAT IS BLIND SHIPPING? Shippers send a blind shipment when a third party handles the warehousing and delivery of the product and the shipper does not want the end customer to know a third party was involved. The bill of lading (BOL) will show the shipper’s name and address rather …

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SHIPPING HOME CONSTRUCTION MATERIALS

construction-materials

SHIPPING HOME CONSTRUCTION MATERIALS Logistics are key to efficiently building out new construction homes. Whether the properties are single- or multi-family/attached-home communities, effectively transporting materials to the job site is critical to success. The following types of cargo: Structural Materials: Lumber, plywood, SIPs, windows, roofing Masonry: concrete block, stone, brick for exterior, …

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Container door

container-door

The container frame is racked so that the door gear will not operate correctly. This may be caused by cargo shifting during transit. Look at the container to make sure that the doors are aligned and level, both top and bottom. The hinge pins and blade are seized due to …

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Temporary import

TIB

Temporary import Goods can be temporarily imported for, for example, demonstration purposes. If such a product is liable to import duties, a temporary import permit can be obtained. The product can then enter the EU free of import duties, provided that it is not used for production purposes and that …

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Treatment under Customs supervision

custom-super

Treatment under Customs supervision Production processes exist in which import duties are due on the imported raw materials but not on the end products. To make this kind of production processes economically feasible inside the EU, treatment under Customs supervision is possible. This allows the raw materials to be imported …

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Duty Exemptions: Inward Processing Relief (IPR)

IPR1

Inward Processing Relief Inward processing relief (IPR) can best be explained by means of an example. Suppose a manufacturer has to buy goods from outside the EU for the company’s production process, and the final goods will be exported to a customer located in a country outside the EU. As …

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Duty exemptions – Customs warehouse

warehoue

  Duty exemptions – Customs warehouse Companies that trade globally often open a warehouse in a European country from which they distribute goods. There are many EMEA (Europe, Middle-East, Africa) warehouses in countries like the Netherlands, Belgium, and Germany. The final destination of some of the goods that are brought …

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DUTY EXEMPTIONS

custom-duty

DUTY EXEMPTIONS The general rule is that duties are not refunded once they have been paid. However, under specific circumstances, duty exemptions are possible. Here, we describe four possibilities: Customs warehouse Inward Processing Relief Outward Processing Relief Treatment under customs supervision Temporary import  

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