Trade Terms

The direct shipment of goods from a designated country to the U.S. without passing through the territory of any non-member country.

The person primarily liable for the payment of duties on imported merchandise, or an authorized agent working on his behalf. (19CFR101.1)

(U.S. CBP) Importer security filing (ISF) is what CBP calls the electronic transmission of data elements required by the SAFE Port Act for cargo shipped by vessel from foreign seaports…

Generally, a substantial transformation in a product other than a change incidental to an operation of assembly or other incidental action, including cleaning, lubricating, or painting, but does include any…

A shipment not showing any visible loss or damage.

A general Customs term referring to a variety of types of Customs entry procedures involving the storage, transportation and/or exportation of goods which are under Customs bond. Goods subject to…

The total labor costs associated with receiving, moving to storage, retrieving, preparing for shipping, and loading merchandise.

The transfer of materials that are to be forwarded

The portion of the logistics operations that involves the movement of materials and products into a company

Damages other than the physical loss or damage to goods. These include overhead, lost cash opportunity, employee time, and filing costs that are generally not recouped in the claims process.