Trade Terms

A count performed on a specific number of items in stock at regular intervals.

Receipt given by a steamship company for a parcel shipment.

Partial loss or damage to goods.

A government grant of certain rights given to an inventor for a limited time. The most important of these rights is the one under which the patented invention can be…

(U.S. Customs & Border Protection & Border Protection) A punishment, fixed by law, that can be a fine, loss of privilege or seizure of merchandise. There are penalties to importers…

A Notice of Penalty on Customs Form CF5955 is a formal notice that an act or omission has occurred that is in violation of a law or regulation administered by…

A Latin term meaning “per day” which is widely used in commercial transportation and many other contexts to describe a fee, charge, allowance or method of compensation computed on a…

Those causes of loss of goods for which the carrier is not legally liable. The elemental risk of ocean transport.

Merchandise which spoils or decays rapidly and usually requires specialized containers or temperature control.

The up-to-date record of all goods held in a bonded warehouse by entry. (19CFR19.12)