An acceptable, written financial guarantee required to be given to Customs to secure a transaction by specifically binding the obligatory to certain covenants for certain amounts. (19CFR113)
Trade Terms
ACTUAL USE
When the classification of an article is dependent upon its actual use after importation. (19CFR10.137)
AD. VALOREM
(According to value) A tariff calculated as a percentage of the value of goods cleared through Customs.
ADDED VALUE
A term implying that at each production and distribution function, a product
ADJUSTER
An individual charged with the responsibility of determining if a particular loss is covered by the insurance policy and, if so, the amount which should be paid to the claimant.
ADVANCE
An agreed percentage applied against a total.
ADVICE SHIPMENT
A form provided by the shipper to a freight forwarder that contains shipping instructions.
AFFREIGHTMENT, CONTRACT OF
An agreement by the steamship line to provide cargo space on a vessel at a specified price to accommodate an exporter or importer, who then becomes liable for payment even…
AGENT
One who negotiates contracts, or acts in the legal capacity of another party.
AGGRAVATING FACTORS
Factors which when proven to exist, increase the severity of a penalty. (19CFR171)
