Firms warned ‘Incoterms will become fundamental’ as clock ticks down on new EU-to-GB import rules

Importers have been warned to prepare for declarations next year and to ensure their EU suppliers are also ready.

Speaking on a webinar about the introduction of new import rules at the start of next year, IOE&IT Academy director Kevin Shakespeare said that if all parties in a goods movement aren’t prepared, “something could go wrong in the supply chain”.

From 1 January 2022, import declarations will need to be completed for all imports entering Britain from the EU. The easement allowing declarations to be delayed at the point of entry and then completed within six months of the goods entering Britain will end at this point.

“There is a potential for greater delays at the border,” Shakespeare said. “Importers and exporters need to agree their Incoterms. Incoterms will become fundamental”.

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