An entry of articles under the rules and regulations prescribed by the Secretary of the Treasury for transporting those articles in bond without appraisement to any other port of entry…
Trade Terms
TRANSSHIPMENT
The transfer of bonded merchandise from one conveyance to another single conveyance while en-route to the port of destination or exportation. (19CFR18.3)
TURNOVER RATE
The frequency with which total inventory or a specific class of inventory is completely replaced.
U.C.C.
Uniform Commercial Code. The law used to govern all business transactions.
U.L.D.
Unit load device. Term commonly used when referring to containers and pallets.
U.S.D.A.
United States Department of Agriculture.
ULTIMATE CONSIGNEE
The ultimate consignee is the person who is the true party in interest, receiving the product for the designated end use.
UNCLAIMED GOODS
Generally all entered or unentered merchandise, including merchandise entered for transportation, which remains in Customs custody for 1 year from the date of importation, or a lesser period for special…
SUBAGENT
The regulatory authorization for a holder of a power of attorney for a nonresident principal to delegate a subagent to act on behalf of the principal only if the original…
SUBMISSION
The voluntary delivery to the appropriate Customs officer of the entry summary documentation for preliminary review or of entry documentation for other purposes. (19CFR141.0)
