Description and Coding Systemâ (âHarmonized Systemâ or simply the âHSâ).2 It went. into effect internationally on January 1, 1988, with the entry into force of the. International Convention on the Harmonized Commodity Description and Coding. System (âHarmonized System Conventionâ) to which the Harmonized System is.
A secured debt or secured claim is one where the lender has some sort of collateral. A car loan or home mortgage would be the most common examples, but other debts may be secured as well, especially in business settings.
3. If your vehicle has a logbook loan, or other secured loan, then you must tell the lender. When someone applies for a V5 with the DVLA, the lender will go round to the new keepers address and recover the vehicle. They will leave a copy of the bill of sale, or notice of finance document.f the owner is a finance company, they are usually unwilling to make an interpleader claim. 2. Used in your employment, work or education, or other exemption listed in Regulation 4 of the Taking Control of Goods Regulations 2013. Regulations don't require you to have business insurance on your vehicle.