The country of first entry point shall collect the customs duties on consignments of goods and deposit them in the customs union accounts for the purposes of setoff for the benefit of the country of final destination within the GCC states upon presenting a proof of arrival of such consignments in that country.
Installment debt involves paying a certain amount each month over a predetermine period of time. An automobile loan is an installment debt. An interest rate is applied and paid out over say three to five years in most cases. Installment debt payments rarely change as most are fixed rate loans. However, the installment payment can be ignored if there are less than 10 months remaining, boosting borrowing power.
When you buy a car with a loan, the lender typically gets a lien on the car until you pay the loan off. That lien is what allows a lender to repossess a car if you don't make your payments. It also prevents you from being able to transfer the title of your car to the buyer without squaring things with your lender.