Trade Terms

Information supplied to payer containing the name of the person who signed for the package with the time and date of delivery.

A protest is the legal means by which an importer, consignee or other designated party may challenge decisions made by a district director of Customs.

(U.S. Customs & Border Protection & Border Protection) This term describes a formal process of declaring an objection to an error in the tariff classification of goods, or the assessment…

A form sent to a supplier that contains all information relevant to the purchase transaction. It describes the products including prices, shipping terms, and delivery expectations.

A statutory term used to refer to the United States sales price of merchandise which is sold or likely to be sold prior to the date of importation by the…

An agent who purchases goods in his/her own country on behalf of large foreign buyers such as government agencies and private corporations.

The evaluating of an item or process to determine if it meets predetermined guidelines and specifications.

Explicit limits or quotas on physical amounts of particular commodities that can be imported or exported during a specified time period by volume or value.

Quota which permits a limited number of units of specified merchandise to be entered for consumption during specific periods. (19CFR, Sec. 132.1)

Quota which permits a specified quantity of merchandise to be entered for consumption at a reduced duty rate during a specific period.