Customs

Many companies are struggling with the new GVMS system that went live in the United Kingdom on 1 January 2022.

It is essential to comply with all customs rules and regulations. Non-compliance can lead to delays, fines, or even refusal of your shipment. Sometimes the line between compliance and non-compliance is thinner than companies realize. We are seeing an increased number of issues with imported bike parts, where the Customs Authority sees them not as bike parts but as non-assembled bicycles.

When goods are bought or sold “Free on Board” (FOB) it means that the seller delivers the goods to a ship at a port previously agreed to by the seller and the buyer. The seller loads the goods onto the ship. The buyer then takes care of the import formalities and transportation to the final destination. Free on Board is one of the oldest Incoterms. It dates back to when goods were carried by sailing ships and it was one of the terms when the Incoterms were first released in 1936. It is also one of the most used commercial terms.

Do you need extra expertise in the field of Customs during this hectic period? The specialists of Customs Support are here to help!

Since January 2020 the Incoterms 2020 are in effect. Every ten years these Incoterms are updated.

When goods are bought or sold “Delivery Duty Paid” (DDP) it means that the Seller delivers the goods to a place previously agreed to by the seller and the buyer. This can be any location. The agreed place of delivery (e.g. the terminal) needs to be specifically named.

In 2019 a new version of the Incoterms was released. Companies are now advised to use Incoterms 2020.

When goods are bought or sold “Delivery at Terminal” (DAT) it means that the Seller delivers the goods to a terminal at destination previously agreed to by the seller and the buyer. This can also be a road transportation hub or a quay.