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What is Blockchain, and how does it work? The blockchain is a decentralised digital ledger that records transactions across a computer network. Every time new transactions are added to the blockchain, a new block is created. Once a block is added to the blockchain, the information in it cannot be …

What is a freeport? A freeport is an area that benefits from suspended or preferential trading rules on certain commodities. This allows your goods to be imported for manufacturing without the need to pay full duty or VAT. The benefits of this are twofold. Companies are able to protect their …

In that sense, it is similar to CPT. What is different with CIP is the fact that the buyer has paid an additional sum to have the goods insured during the carriage of the goods. Risks and Costs for the Seller The seller is responsible for arranging and paying for transportation to the …

Risks and costs for the seller The seller is responsible for arranging and paying for transport to the buyer's appointed carrier, and for obtaining all necessary export documentation. Once the goods have arrived at the first carrier, the risk is transferred to the buyer. This may be the sea or air …

A reminder on what is restricted so far   Since 2014, the EU has imposed several rounds of sanctions against Russia. Here are some of the restrictions in EU sanctions packages one to 12:    Asset and travel freezes for high-profile individuals and those belonging to certain companies, institutions, …

There will be no VAT on face masks starting May 25th. This announcement has just been made by the Dutch Government. This will be valid for all face masks, both the medical and the regular masks. State Secretary for Finance Vijlbrief told the Dutch Parliament: “We ask the people to wear non-medical …

Currently, the Port of Liverpool has been on strike since the 19th September, and will continue to be until the 3rd October. The Port of Felixstowe is going to strike from the 27th September until the 5th October. Both strikes are organised by the Unite Union. What has caused the strikes, and how …

Join us as we reflect on Her Majesty the Queen’s contribution to international trade, and share our respects: The Commonwealth  The Commonwealth is an international organisation, designed to bring together regions and nations so that cooperation and peace can be enjoyed by people all over the …

As an exporter of goods  or a service provider to an exporter, you are asked to provide a written declaration that states whether your shipment contains dual-use or military goods. What Are Dual-Use Goods? The European Commission defines dual-use goods as products and technologies normally used for …

We’ve covered  export documents  and  import documents  that you may need when exporting goods from the EU. These were all customs documents and certificates. There are several other documents you may need, that are not customs specific. Commercial Invoice For any customs authority to be able to …