• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Transit and warehousing are two basic elements of international transportation.

Extracts from this document...

Introduction

Gontier Emilie November 2002 LEA 4 angl-esp TECHNICAL TOPIC Etude des March�s Anglo-Saxons Mr BENOIT Transit and warehousing are two basic elements of international transportation that have to be taken into account seriously when a companies want to enter foreign trade. They are part of the customs suspending tax system established to ease clearance procedures. Customs transit and bounded warehousing are two customs systems created with the view of improving operations of logistics and strengthening the competitive situation of companies on international markets. A. TRANSIT : 1. DEFINITION : Generally speaking, transit defines all the means that allow a good to go through a special point (a pass, a port), changing the methods of transport if necessary. In this particular case, we are going to focus on customs transit which is used to facilitate the movement of goods between two points of a customs territory, via another customs territory, or between two or more different customs territories. 2. PURPOSE : Time is money and so is transit. The main goal of customs transit is to go faster and faster, avoiding a waste of time and long clearance procedures. ...read more.

Middle

* Common transit : This procedure applies to the movement of goods to, from, or between EFTA Countries (namely, Iceland, Norway, Switzerland and Liechtenstein, or Visegrad Countries (namely, Poland, Hungary, Czech Republic and Slovak Republic). The provisions are broadly in line with those of Community Transit. B. WAREHOUSING : 1. DEFINITION AND OBJECTIVES : Whatever the form can be (cold store, wharf), a warehouse is a place of storage and must adress an economic need. It allows companies to bond their goods after exporting and/or importing activities, in the best conditions. Goods can be stored for un unlimited period of time (imports) or for a two-year period of time (exports). Any kind of goods are accepted as long as they are not dangerous for national security and national morality (i.e. non hazardous goods). Alike the customs transit, we are going to deal with bounded warehousing in which duties are not paid until the goods leave the warehouse. The objectives of good warehousing are multiple : * To protect goods from damage and prevent them from being lost and stolen. * To keep an up-dated record of items. ...read more.

Conclusion

For instance, goods can be stored in France, they will not bear the VAT cost, invoices for goods sold abroad will be charged net of VAT, etc. It is as well advantageous for example when company A wants to deliver from time to time to company B and that its production capacity is big. In that case, a warehouse allows company A to clear off its premises while satisfying at the same time company B. Transit and warehousing are two customs systems that are all the more interesting for companies that want to develop itself abroad, getting at the same time steady clients, to control their cash flow or want less and less complications in terms of clearance. SOURCES 1. BOOKS : * L'anglais Economique et Commercial, Business and Economics, Langue Pour Tous, Michel Marcheteau, 5� Edition Revue et Corrig�e, Pocket, 1997, Paris, 604 pages. * Guide Pratique du Commerce International, Sylvie Graumann-Yettou, 4� Edition, Litec, 1997, Paris, 331 pages. * Commerce International, Techniques et Management des Operations, BREAL, 1998, Paris, 415 pages. 2. THE INTERNET : * http://europa.eu.int/comm/taxation_customs/customs/transit/whatis.htm * http://www.revenue.ie/services/customs/cto_web.htm#communitytransit * http://www.intracen.org/worldtradenet/docs/information/trainingmat/itcguide98/itc4-02.htm * www.eur-export.com/francais/apptheo/ logistique/douane/transit.htm * http://www.interdouane.com/stockage.htm * http://www.finances.gouv.fr/douanes/lexique.htm#o APPENDIX 1. THE T.I.R. SYSTEM CONVENTION .............................................................................................P.8 2. T.I.R OPERATIONS ...........................................................................................................................P.9 3. TYPES OF WAREHOUSES ........................................................................................................P.10 4. WAREHOUSING CHART ............................................................................................................P.11 1. See documents one and two. 2. See document three and four 1 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level UK, European & Global Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level UK, European & Global Economics essays

  1. Where does the World Trade Organisation fit in the overall scheme of international public ...

    The GATS also has provisions for making the domestic regulation of service sectors more transparent and non-discriminatory - a vital consideration given that opaque and discriminatory domestic regulations hinder services trade far more than classic border restrictions. New or revamped trade procedures, notably on subsidies, technical barriers to trade, sanitary

  2. What as the impact of China's re-engagement with the international community been on its ...

    (Umbach 2000: 174) On the other hand, given that Deng had apparently handed over power to Jiang Zemin. And Jiang's period has been a recent government of China. The Impacts of China's Re-engagement on its Relations with Southeast Asian Countries Since the re-engagement in both economic and political ways, China has continued to develop its position in the international community.

  1. Explain the evolution and characteristics of the debt problems of LDCs. In the light ...

    This private borrowing was attractive to governments and individual businesses while interest rates were low, but rising interest rates are undoubtedly partially to blame for the development of the debt crisis at the beginning of the 1980's, as is discussed later.

  2. BP - an international company, having operations in 100 countries on six continents.

    With global demand for NLG's, both as a chemicals feedstock and as a clean fuel expected to grow in excess of 3% per year, the BP Company expects this business will offer the potential for further growth.6 Moreover, the company also market their own and third party gas supplies directly

  1. International Trade - I have been asked to investigate the possibility of a company ...

    wages and expenses better and more efficiently in order to continue operating and not be taken into administration. Absolute Advantage In order to understand more fully how international trade takes place and increases the welfare of its citizens we need to consider why trade takes place.

  2. Emergency Economic Recovery Program From the United Nations International Report, Vol. I, no. A1

    Both cover a wide range of products and technologies, some geared to local basic requirements (food and shelter) and others having significant export potential (handicrafts). These efforts should lend themselves to decentralized manufacturing and rural development. While some activities for the emergency phase will be completed during that period, others

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work