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How does the CBAM promote carbon neutrality? The Carbon Border Adjustment Mechanism (CBAM) requires you to pay a fee for the embedded carbon in your imports. This ensures that products entering the market are held to the same standard of carbon emissions as those that are manufactured domestically. …

How to Export Goods From the EU to the UK If you want to transport goods from the European Union to the United Kingdom you now need to export them. For this, you need to have a European Union EORI number. An EORI number is a registration and identification number for businesses that want to import …

What is an MRN?   MRN stands for Movement Reference Number. The Customs Authority issues a Movement Reference Number (MRN) in each member state. The MRN number is the customs registration number that enables the customs authority to identify and process your shipment in the customs system. It is …

Risks and Costs for the Seller The seller is responsible for arranging and paying for transportation to the ship and is also responsible for loading the goods onto the ship. The risk used to transfer to the buyer when the goods go over the rail of the ship. This was confusing as the risk would …

Risks and Costs for the Seller There is no risk and cost for the seller in getting the goods delivered to the buyer. The seller is not even responsible for loading the goods when they are picked up. The seller has to properly pack and label the goods and get them ready for shipment. Risks and Costs …

Many products and materials are produced by different companies in different countries, both inside and outside of the European Union. In regions that have, for example, lower labour rates, it is possible to produce these goods at a far lower cost than inside the European Union and thus sell them …

What is an HS-Code? HS-Code stands for Harmonized System Code. It is developed and maintained by the World Customs Organization in Brussels. HS-Codes are used by Customs Authorities worldwide to categorise products. Based on the HS-Code of the product you want to export there are specific …

What Is an ATR? An ATR certifies that the goods have been brought into free circulation in either the EU or Turkey, and have therefore already gone through all import procedures. An ATR is not a certificate of origin.  Why Use an ATR? When you use an ATR when you import something from Turkey, you …

What’s a HS commodity code?  An HS commodity code is a 10 digit (for imports) number that classifies your goods .   This code is entered on your import clearance and dictates the duty and VAT you pay , rules of preferential origin , and any additional obligations you may have – such as the need to …

AEO stands for Authorized Economic Operator. It is a concept that the EU established in 2008. The main goals are increasing international supply chain security and facilitating legitimate trade. It means that the company in question works in compliance with standards that are set out by the World …