Glossary

Open General Export Licences are licences which are available in the public domain. OGLs remove the need for an exporter to apply for an individual licence (but you must register for use).

The Official Journal of the European Union is the gazette of record for the European Union. It has been published in 22 official languages (23 when Irish is required) of the member states, every working day since the Treaty of Nice entered into force on 1 February 2003. 

The OJEU superseded the earlier Official Journal of the European Community (OJEC) with the establishment of the European Union.The term 'Journal' is misleading, as production of the hard copy version ceased in 1997, and can now be accessed online via Tenders DirectAround 2500 new notices are advertised every week - these include invitations to tender, prior information notices, qualification systems and contract award notices. Purchasing Authorities can use the eProcurement portal, myTenders to publish OJEU and lower value tenders.

A load that does not fit into normal dimensions and may require specialist handling and carriage.

An open account transaction means that the goods are shipped and delivered before payment is due, usually giving credit terms of between 30 and 90 days. Obviously, this is the most advantageous option to the importer in cash flow and cost terms, but it is consequently the highest risk option for an exporter.

Outward Processing Relief (OPR) is a method of obtaining relief from Customs duty. The relief applies to goods imported from non-EU countries which have been produced from previously exported EU goods.OPR enables companies to take advantage of cheaper labour costs outside the EU, while encouraging the use of EU produced raw materials to manufacture the finished goods. Goods may also be temporarily exported to undergo processes not available within the EU.

The procedure also enables faulty goods to be returned to a non-EU country for repair, or for replacement with equivalent goods under the Standard Exchange System (SES).Being able to get relief from paying import duty can be very beneficial to companies, especially for cashflow reasons. Complying with the obligations to use the OPR procedure can, though, be off-putting. Langdon Systems provide an OPR module that has been designed to simplify the procedures of managing goods under OPR, whilst taking advantage of the maximum benefits available.