OWIT UK member Holly Piggott of Alinea Customs contributed a 2024 guide to customs compliance and moving goods between borders to Trade Finance Global (TFG).

The article addresses areas of customs compliance to consider when moving goods between borders, including tariff classification, customs valuation and rules of origin, and the associated multilateral agreements and conventions which ensures trade is for the most part harmonised.It also reflects briefly on the concept of pacta sunt servanda – “agreements must be kept” in relation to international trade, the current Red Sea crisis, and the underlying contracts of sale; and increased requirements for scrutiny of areas to consider; for example, liability for damages which may be incurred due to the late arrival of goods, on the basis of increased costs or an extended timeframe of delivery.

The article is available to read at: https://lnkd.in/eRtUB3YW

#customscompliance #customs #ukcustoms #redseacrisis #tradefinance #insurance #Incoterms #internationaltrade #theinternationalsaleofgoods #commerciallaw #shipping #maritime #logistics