David William

This will depend largely on what documentation you have in mind. With regard to general documentation, there should be no significant changes; the main area which will be affected is in declarations of origin, whether on the commercial invoice, or other documentation. The actual origin of the goods must be declared, unless you have carried out any significant processing of the goods in the UK or elsewhere in the EU which would cause the goods to be considered as being UK or EU origin. This will apply around certificates of origin, and movement certificates which are used to obtain preferential rates of duty in countries which have Free Trade Agreements with the EU. Your local Chamber of Commerce can advise further on this issue.

Carrier haulage and Merchant haulage both are related to carriage of a container from Point A to Point B. Carrier haulage movement of the container from Point A to Point B under the control of the shipping line using a haulage contractor nominated by the shipping line. In this case the consignee will pay for the same at the lines rate.. This also means that when a line accepts a Carrier Haulage move, they should also accept any claims or liabilities or damages that could arise during such a move, unless it can be proved that it was caused by improper packing of the cargo. Merchant Haulage : Movement of the container from Point A to Point B directly by the consignee using his nominated haulage contractor. In this case the consignee has the choice to negotiate his own rates for the same.
In this case, the line does not bear any liability for the move and if there are any damages, they can hold the merchant liable for such damages.

The advantages of the LIFO method are based on the fact that prices have risen almost constantly for decades. LIFO supporters claim this upward trend in prices leads to inventory, or paper, profits if the FIFO method is used. During periods of inflation, LIFO shows the largest cost of goods sold of any of the costing methods because the newest costs charged to cost of goods sold are also the highest costs. The larger the cost of goods sold, the smaller the net income.

Those who favor LIFO argue that its use leads to a better matching of costs and revenues than the other methods. When a company uses LIFO, the income statement reports both sales revenue and cost of goods sold in current dollars. The resulting gross margin is a better indicator of management’s ability to generate income than gross margin computed using FIFO, which may include substantial inventory (paper) profits.

Supporters of FIFO argue that LIFO (1) matches the cost of goods not sold against revenues, (2) grossly understates inventory, and (3) permits income manipulation.

The statistical value is the cost of the item within the borders of Finland with some additional costs, such as freight and insurance, if they are not included in the trade price. When necessary, deliveries free of charge not included in the price, are also added to the statistical value.

The value of partly or completely gratuitous goods is determined according to the price that would be acquired upon selling the goods.

Exchange rates confirmed by Customs are applied when determining the statistical value in export. The statistical value is given in euros.

Under certain circumstances, the EUR.1 movement certificate can be submitted retrospectively for the goods mentioned in the certificate, if it was not issued at the time of exportation because of errors, involuntary omissions or special circumstances, or it is demonstrated to the satisfaction of the customs authorities that an EUR.1 movement certificate was issued but was not accepted at importation for technical reasons.
An EUR.1 movement certificate issued retrospectively shall in box 7 be endorsed with the following phrase: ‘ISSUED RETROSPECTIVELY’.