Common Storage
The concept of Common Storage is built on certain principles, where the basis is that the goods stored under Common Storage are 'the same'. A definition not black and white.
- What do you see as a benefit of applying Common Storage? Or, in other words, if Common Storage would not be allowed, what would be the practical consequence and why would that matter?
- With fluid bulk products there will always be small differences in terms of density. What inevitable impact does applying Common Storage have from a duty standpoint? Why should this be a consideration?
- What other features does the customs legislation offer, built on the same principles as Common Storage and can you explain the key differences?
- Knowing the topic of Common Storage is complex, eligible for interpretation and a topic of discussion within customs authorities, how would you mitigate risks versus commercial incentive?