Search

What is Customs Value? The customs value is the value that is used to determine how much customs duties you need to pay when importing goods into the European Union. To ensure global trade is fair there is a global agreement on how to determine customs value. These agreements have been laid down in …

In an earlier blogpost on import- and export documents we explained what a EUR1 Certificate is. Where the EUR1 certificate is a Certificate of Origin of sorts, the EUR-MED is a EUR1 of sorts. What is a EUR-MED? A EUR-MED is a certificate that can be used to move goods between countries of the …

What are Incoterms? Incoterms stands for International Commercial Terms. The terms are published by  The International Chamber of Commerce . They regulate commercial transactions between parties in terms of costs, responsibilities, tasks and risks associated with the transportation and delivery of …

The agreed place of delivery (e.g. the terminal) needs to be specifically named. The buyer then takes care of the import formalities and transportation to the final destination. It is very similar to  Delivery at Terminal (DAT) . Risks and Costs for the Seller The seller is responsible for …