Trade Terms

A physical seal placed on an intermodal container or other conveyance and/or compartment by Customs authorities. Breaking this seal other than with the approval of Customs is a violation of…

A schedule of charges assessed by the federal government on imported and/or exported goods.

A penny or pence.

Document of receipt issued by the carrier when the goods are received in good order.

A draft to which there are no attachments.

An error made by a clerical level employee which does not involve knowledge of Customs matters. An error by a classifier would not fall into this area. An example would…

A bill of lading calling for charges to be paid by the consignee.

Item received by a bank subject to collection of proceeds before being credited to the depositors

The representative of the U.S. Treasury Department acting in connection with foreign traffic.

An invoice required to be presented to Customs representing one shipment of merchandise by one consignor to one consignee by one vessel or conveyance which clearly identifies the product for…