Introduction to Import Rules

Overview
Importing goods and materials can be complex. You need to give some thought to how the different elements of the operation will fit together.

For instance, you'll have to consider

• drawing up contracts with your overseas suppliers - for which you might have to seek legal advice

• when and how you'll make payments for the goods or materials - bearing in mind that the exchange rate might change after you have placed your order

• transport arrangements and who pays for it, storage, documentation and insurance

• whether the imports will comply with UK legislation and who will make the customs declaration for you

• the trading terms that you'll have in place with your suppliers - which again might require legal advice

• whether you'll be affected by the principle of product liability - meaning that your business is responsible for damage caused by defective products that you have imported

• whether the goods or materials are subject to import quotas -

• whether you'll need a licence to import your goods

Importing is more complex than buying from a UK supplier. And when things go wrong, sorting them out can be more difficult and expensive. This seminar will help you to avoid the most obvious pitfalls.