World Trade Organization (WTO)

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The World Trade Organization is an international organization that regulates and facilitates global trade by establishing rules and agreements among member countries to promote fair and predictable international commerce.

Standard Individual Export Licence (SIEL)

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A Standard Individual Export Licence (SIEL) permits UK exports of a defined number and value of items to a specific destination for a specified amount of time. Licenses for temporary and permanent exports are normally valid for one and two years, respectively.

Proof of Delivery (POD)

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The Proof of Delivery provides evidence that the goods were delivered to the final destination.

Pallet List or Packing List (PL)

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A packing list is a breakdown of the actual configuration of goods in their boxes (including weight and dimensions, number of packages, etc.).

Open Individual Export License (OIEL)

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An Open Individual Export Licence (OIEL) is tailored to the exporter’s needs. An OIEL allows the exporter to export multiple shipments of controlled goods to specified consignee/s in multiple countries.

Non-Resident Importer (NRI)

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Non-resident Importer (NRI) is like the Importer of Record (IOR) but is used in Canada. As with an IOR, it refers to the entity which takes responsibility for the goods being imported. The NRI is responsible for clearing the goods and ensuring all compliance documents are correctly completed and filed. However, this refers specifically to entities located outside of Canada.

Importer of Record (IOR)

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In importer terms, an IOR (Importer of Record) is the entity or person in the destination country responsible for ensuring compliance requirements are met for customs clearance, product classification, and the payment of duties and taxes.

Harmonized Tariff Schedule Code (HTS Code)

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The HS (Harmonized System) or HTS (Harmonized Tariff Schedule), developed by the World Customs Organization (WCO), is used to assign duties to a traded product and provide international trade data.

Exporter of Record (EOR)

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In export terms, EOR (Exporter of Record) refers to the person or entity responsible for ensuring the correct documentation is acquired and legal compliance and regulations are followed for the goods to be exported out of a country.

Harmonized System (HS)

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The Harmonized System is an international multipurpose nomenclature used to classify traded products.