Trade Terms

A legal certification that listed goods are held in a public warehouse. The certificate can be purchased or sold, thus transferring title to the goods.

The process of packing articles so that they rest partially or entirely within one another, thereby reducing the total cubic foot displacement.

Weight of the goods alone without any immediate wrappings; e.g., the weight of the contents of a can without the weight of the can.

All the island territories and possessions of the U.S., but does not include the canal zone. (19CFR4.0)

An individual who does not reside within, or a partnership without any partners residing within, the Customs territory of the U.S., or the U.S. Virgin Islands, or a corporation not…

A cargo consolidator of small shipments in ocean trade, generally soliciting business and arranging for or performing containerization functions at the port.

The term refers to the three basic types of rates charged for transportation services by common carriers class, commodity, and exemption rates.

Amount assessed by U.S. Customs & Border Protection & Border Protection for failure to comply with a requirement or regulation. Both the importer and the surety who issued the Customs…

A demand for payment made against both the principal and surety of a bond taken to insure compliance with any Customs law or regulation when there is a breach of…

The final computation of the duties or drawback accruing on an entry.