Common use of Documentation Procedures Clause in Contracts

Documentation Procedures. 1. Each Party shall retain the customs declaration for goods as the key customs document. 2. A harmonised format for the customs declaration for goods, in the UN aligned form, shall be developed and introduced within the territories of the Parties. 3. Harmonised UN aligned commercial documentation accompanying the goods in bilingual form shall be introduced for use within the territories of the Parties as soon as possible. 4. The Parties shall promote the establishment and development of licensed services of customs brokers. 5. The Parties will not apply customs deposits, bank guarantees, financial risk insurance policies, railway guarantees for transit of goods by railway transport. The Technical Annex was put in force by the Protocol on amendments to the Basic Multilateral Agreement on International Transport for Development of the Europe the Caucasus-Asia Corridor of 9 October 2003 (in effect as of 23 November 2011 with respect to the Republic of Azerbaijan, the Republic of Bulgaria, Romania and Georgia)