Blog Post

IOE&IT in partnership with EORI

  • by Tracey Palethorpe
  • 06 Nov, 2023

Celebrating and honouring the successes of businesses and professionals In international trade

We're proud to be partnering with the International Trade Awards Awards which will bring together senior figures from the #globaltrade community, including a line-up of key #business leaders and policymakers, to address how trade can deliver for the UK.

The awards will shine a spotlight on those who put innovation at the heart of their business and trade strategy; have directly or indirectly encouraged inward investment into the UK; put environmental, social and governance at the forefront of how they trade; or have broken down trade barriers, ensuring trade is an enabler for local, national or international communities.
 
Businesses and individuals will get the chance to celebrate their achievements and be recognised by the international trade community at the very first IOE&IT awards ceremony.
 
Register today - https://www.importexportshow.co.uk/awards/
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In light of the UK's departure from the EU customs territory, we recognised the necessity for revised customs procedures where previously there were none. Initially projected at approximately two hundred million declarations annually, this estimate has now stabilised at less than one hundred million, yet remains a significant figure.

Our team at EORI plays a pivotal role in orchestrating approvals and furnishing round-the-clock customs assistance to ensure a seamless progression of the entire process. From the outset, we held the stance that Brexit couldn't be synonymous with "business as usual." The clearance of a truck from Lille should not be subject to the same protocol as a 40ft container journeying from Shanghai.

Our very own Rob Hardy, elucidated:

"Trade within the EU thrives on repetition and rapid movement, demanding an optimized strategy that minimizes hindrances to the free flow of goods and avoids disruptions from customs formalities."

With the endorsement from HMRC for aggregation, our innovative CABIE solution alleviates border complexities and subsequent documentation burden, seamlessly releasing imported consignments in just over a minute.

Rob Hardy went on to emphasize:

"Imagine you have ten containers destined for the same recipient on a single vessel—our system empowers agents to submit a solitary import declaration. This level of efficiency is rarely feasible for RORO (roll-on/roll-off) truck traffic, where typically ten individual entries are required. This is where EORI diverges from the norm."

"Uploading documents and authorising import consignments now takes mere minutes and is often more cost-effective. We're striving to shift from quoting declaration fees to linking costs with shipment quantities—a transformation that CABIE has enabled us to implement."

EORI primarily leverages customs simplifications for import clearances, irrespective of whether the arrival port employs GVMS (Good Vehicle Movement Service) or inventory-linked mechanisms. By embracing these streamlined procedures, the customs formalities can be decoupled from the movement of goods, allowing for post-delivery completion. Furthermore, repetitive trade streams can be consolidated under a single import declaration, spanning a span of up to ten days of shipments.

Learn more about CABIE white label solution


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