| Customs Terms | Definitions |
|---|---|
| ISF Continuation Bond | A bond that extends ISF coverage for multiple shipments. |
| ISF No Bond | A type of ISF filing that doesn't require a bond. |
| ISF Importer Number | The unique identification number assigned to an importer by CBP. |
| 10+2 Rule | The original name for the ISF regulations, referring to the 10 data elements from the importer and 2 data elements from the carrier. |
| Bonded Warehouse | A secure facility for storing imported goods while customs duties are unpaid. |
| CBP Form 3461 | The Entry/Immediate Delivery form used to request customs clearance. |
| Entry Type 86 | An entry type used for the ISF-only filing. |
| Continuous Bond Rider | An extension of the ISF bond to cover additional continuous customs bonds. |
| ISF Non-Intrusive Inspection (NII) | An inspection of cargo by scanning or X-ray to ensure compliance with ISF data. |
| ISF Manufacturer (Supplier) Name and Address | Information about the entity that manufactured or supplied the goods. |
| ISF Notify Party | The party to be notified of any ISF discrepancies or issues. |
| Prohibited Goods | Items that are not allowed to be imported into a country. |
| Restricted Goods | Items that require special permits or meet certain conditions to be imported. |
| Valuation Methods | Approaches used to determine the customs value of goods, such as transaction value and deductive value. |
| Anti-Dumping Duty | A tariff imposed on imports sold below fair market value. |
| Countervailing Duty | A tariff imposed to offset subsidies provided to foreign producers. |
| Drawback | A refund of import duties for goods subsequently exported. |
| Informed Compliance | The expectation that importers will understand and follow customs regulations. |
| CBP Form 3461 | The Entry/Immediate Delivery form used to declare goods to customs. |
| Entry Type | A code indicating the purpose of the customs entry, e.g., consumption, warehouse, or temporary. |
| Customs Bond | A financial guarantee to ensure compliance with customs regulations. |
| Country of Origin Marking | The requirement to label products with their country of origin. |
| ISF Non-Intrusive Inspection (NII) | An inspection of cargo by scanning or X-ray to verify ISF data. |
| ISF 5-Day Rule | The requirement to submit ISF data at least 5 days before the cargo is loaded. |
| ISF Bill of Lading | Information about the vessel and the voyage. |
| ISF Container Stuffing Location | The place where the cargo was loaded into the container. |
| ISF Consolidator | The party responsible for submitting ISF data for consolidated shipments. |
| ISF House Bill of Lading (HBL) | A document issued for consolidated shipments by a freight forwarder or NVOCC. |
| ISF Master Bill of Lading (MBL) | A document issued by the carrier detailing cargo onboard. |
| ISF Shipment Reference Number | A unique reference for the ISF filing. |
| ISF Stow Plan | Details about the cargo's location and stowage on the vessel. |
| ISF Supplier's Reference Number | The supplier's reference for the shipment. |
| ISF Vessel Voyage Number | Identifies the specific vessel and voyage for the cargo. |
| Free Trade Agreement (FTA) | An agreement reducing or eliminating import duties on certain goods. |
| Prohibited Goods | Items not allowed to be imported into a country. |
| Restricted Goods | Items requiring special permits or conditions for import. |
| Valuation Methods | Approaches to determine the customs value of goods, such as transaction value and deductive value. |
| Anti-Dumping Duty | A tariff on imports sold below fair market value. |
| Countervailing Duty | A tariff to offset subsidies provided to foreign producers. |
| Drawback | A refund of import duties for goods later exported. |
| Informed Compliance | Importers' understanding and adherence to customs regulations. |
| Country of Origin Marking | Requirement to label products with their country of origin. |
| Customs Examination | Physical inspection of goods by customs authorities. |
| Freight Forwarding Agent | A representative of the freight forwarder responsible for coordinating shipments. |
| FCL (Full Container Load) | Shipping goods in a dedicated container. |
| LCL (Less than Container Load) | Shipping goods in a shared container with other shippers. |
| Freight Rate | The cost of transporting goods based on factors like weight, volume, and distance. |
| Customs Documentation | The paperwork required for customs clearance, including the commercial invoice and packing list. |
| Demurrage | Charges for delays in returning containers to the shipping line. |
| Drayage | Transport of goods over a short distance, typically from a port to a nearby warehouse. |
| Import License | A permit required for certain types of imported goods. |
| Import Permit | Authorization from relevant authorities for importing specific products. |
| Port of Entry | The location where goods enter a country for customs clearance. |
| Importer of Record | The entity responsible for ensuring customs compliance for imported goods. |
| Freight Forwarder | A company that arranges and manages the transportation of goods on behalf of importers and exporters. |
| Bill of Lading (B/L) | A document issued by the carrier as evidence of receipt and contract of carriage. |
| NVOCC (Non-Vessel Operating Common Carrier) | An entity that provides ocean transportation without owning vessels. |
| Ocean Freight | The cost of shipping goods via sea. |
| Air Freight | The cost of shipping goods via air. |
| Door-to-Door Service | Freight forwarding services from the point of origin to the final destination. |
| Customs Brokerage | Services to facilitate customs clearance and compliance. |
| Cargo Insurance | Coverage for potential loss or damage to goods during transportation. |
| Incoterms | International rules defining responsibilities and costs for buyers and sellers in international trade. |
| ISF (Importer Security Filing) | A mandatory electronic submission of import data to U.S. Customs and Border Protection (CBP) prior to vessel departure. |
| AMS (Automated Manifest System) | A system that receives and processes ISF data for CBP. |
| Late ISF Filing | Submitting the ISF after the prescribed deadline, potentially resulting in penalties and delays. |
| Importer of Record | The party responsible for ensuring ISF compliance and customs clearance. |
| Vessel Stow Plan | Information about the cargo's location and stowage on the vessel. |
| Container Status Messages (CSMs) | Notifications that convey container movements and changes in status. |
| Master Bill of Lading (MBL) | A document issued by the carrier detailing the cargo onboard. |
| House Bill of Lading (HBL) | A document issued by a freight forwarder or Non-Vessel Operating Common Carrier (NVOCC) for consolidated shipments. |
| ISF Bond | A financial guarantee to ensure compliance with ISF requirements. |
| Harmonized System (HS) Code | A standardized system for classifying goods for customs and trade purposes. |
| Dutiable Value | The customs-assessed value of imported goods, used for calculating import duties. |
| Tariff Classification | The process of assigning the correct HS code to goods for customs purposes. |
| Import Duty | Taxes imposed on imported goods by the customs authority. |
| Customs Broker | A licensed professional who assists in clearing goods through customs. |
| Certificate of Origin | A document that verifies the country of origin of the goods. |
| Free Trade Agreement (FTA) | An agreement between countries to reduce or eliminate import duties on certain goods. |
| Importer Security Filing (ISF) | Required submission of import data to CBP before vessel departure. |
| Customs Entry | The formal declaration of imported goods to customs authorities. |
| 10+2 Rule | The initial name for ISF requirements, including 10 data elements from the importer and 2 data elements from the carrier. |
| ISF Importer Number | A unique identifier assigned to importers for ISF compliance. |
| ISF Bond | A financial guarantee to cover ISF compliance obligations. |
| ISF Late Filing | Submitting the ISF after the deadline, leading to potential penalties. |
| ISF Continuation Bond | Extends ISF coverage to multiple shipments. |
| ISF Importer of Record | The responsible party for ensuring ISF compliance. |
| ISF Notify Party | The party to be notified of ISF discrepancies or issues. |
| Import Duty | Taxes imposed on imported goods by customs authorities. |
| Customs Broker | A licensed professional who facilitates the customs clearance process. |
| Customs Entry Summary (CBP Form 3461) | A form used to declare goods to customs. |
| Importer of Record | The party responsible for customs clearance. |
| Certificate of Origin | A document verifying the country of origin of the goods. |
| Customs Broker | A licensed professional who assists in customs clearance and ensures compliance with customs regulations. |
| Harmonized System (HS) Code | A standardized classification system used to identify and categorize goods for customs and trade purposes. |
| Tariff | A schedule of import duties and taxes imposed on various categories of goods. |
| Ad Valorem Duty | A duty calculated as a percentage of the customs-assessed value of the imported goods. |
| Specific Duty | A duty calculated based on a specific unit, such as weight, quantity, or volume, regardless of the value of the goods. |
| GSP (Generalized System of Preferences) | A program that allows duty-free entry for certain goods from developing countries. |
| Anti-Dumping Duty | A duty imposed on imported goods that are sold below their fair market value, harming domestic industries. |
| Countervailing Duty | A duty imposed to offset subsidies provided to foreign producers, putting domestic producers at a disadvantage. |
| Customs Bond | A financial guarantee required by customs authorities to ensure compliance with customs regulations. |
| Importer of Record Bond | A specific type of customs bond that covers an importer's obligations to customs. |
| Continuous Bond | A customs bond that covers multiple importations over a specified period, often used by frequent importers. |
| Single-Entry Bond | A customs bond that covers a single importation. |
| Principal | The party (importer or entity) required to obtain a customs bond. |
| Obligee | The party to whom the principal must provide the customs bond, typically customs authorities. |
| Surety | The company or entity that issues the customs bond and guarantees the principal's compliance. |
| Bonded Warehouse | A secure facility where goods can be stored without paying import duties until they are released for domestic consumption. |
| CBP Form 301 | The application form for a continuous bond, submitted to U.S. Customs and Border Protection (CBP). |
| Penalty | A punitive action or fine imposed by U.S. customs authorities for violations of import regulations. |
| Civil Penalty | A financial penalty levied for non-criminal violations of customs laws or regulations. |
| Criminal Penalty | Legal actions, including fines and imprisonment, for serious violations of customs laws or import regulations. |
| Monetary Penalty | A fine or financial sanction imposed on an importer for customs violations. |
| Forfeiture | The legal process of confiscating and taking ownership of goods due to import violations. |
| Bond Forfeiture | The loss of a customs bond due to non-compliance with import regulations. |
| Seizure | The action of confiscating and taking possession of goods by customs authorities due to violations. |
| Informed Compliance | A customs compliance approach in which importers are expected to understand and follow import regulations. |
| ISF Late Filing Penalty | Fines imposed for submitting the Importer Security Filing (ISF) after the specified deadline. |
| In-Transit Bond | A customs bond used for goods temporarily entering a country without customs duties, typically for re-export. |
| Airport Security Bond | A customs bond required for goods arriving at an airport for customs clearance. |
| ISF Bond | A specific customs bond required to cover obligations related to the Importer Security Filing (ISF) program. |
| Bond Rider | An extension of an existing customs bond to cover additional obligations or time periods. |
| Bonded Carrier | A transportation company authorized to transport goods in bond under customs supervision. |
| Entry Type 3 Bond | A specific customs bond for merchandise transported from the first point of arrival to the customs exam site. |
| T&E Bond (Transportation and Exportation Bond) | A customs bond used for goods transported through the U.S. without being entered for customs purposes. |
| ACE Secure Data Portal | The online platform used to manage customs bonds and related documents. |
| Customs Bonded Cartman | A bonded carrier specializing in the transport of goods under customs bond. |
| Duty Drawback Bond | A customs bond used to cover potential claims for duty drawback, a refund of import duties on goods subsequently exported. |
| Customs Broker Bond | A bond required for licensed customs brokers to ensure they comply with customs regulations. |
| Warehouse Entry Bond | A customs bond used when goods are placed in a bonded warehouse for an extended period. |
| Vessel Repair Bond | A bond for covering duties on imported vessel parts undergoing repair while in a U.S. port. |
| Entry Bond | A bond that allows imported goods to enter the commerce of the United States. |
| FROB Bond (Foreign-Trade Zone (FTZ) Removal of Goods Bond) | A bond for the removal of goods from an FTZ without paying duties. |
| Aircraft Operator Bond | A bond required for operators of international flights to guarantee compliance with customs and immigration laws. |
| IR Bond (Immediate Delivery Bond) | A bond used to obtain immediate release of goods upon arrival in a U.S. port. |
| Bonded Container Freight Station (CFS) | A facility where goods in bond can be consolidated and deconsolidated. |
| Import Specialist | A customs agent who reviews customs bonds and ensures compliance with regulations. |
| IPR Bond (Intellectual Property Rights Bond) | A bond used to protect against potential trademark or copyright violations. |
| Remote Location Filing Bond | A bond required when a customs entry is filed at a location other than the port of arrival. |
| Exemptions and Exclusions | Special conditions under which certain goods may be exempt from import duties or taxes. |
| Free Trade Agreement (FTA) | An agreement between the U.S. and other countries to reduce or eliminate import duties on specified goods. |
| Country of Origin Marking | A requirement to label products with their country of origin for customs purposes. |
| Duty Drawback | A refund of import duties for goods subsequently exported or used in manufacturing. |
| Binding Ruling | A formal decision by customs authorities on the classification, valuation, or origin of goods for import purposes. |
| Transaction Value | The customs value of goods based on the price paid or payable for the imported merchandise. |
| Valuation Methods | Approaches used to determine the customs value of goods, including transaction value, deductive value, computed value, etc. |
| Importer of Record | The party responsible for ensuring customs compliance and payment of duties. |
| Valuation Database | A database maintained by customs authorities to assist in determining the customs value of imported goods. |
| Exemption Threshold | The value below which goods may be exempt from import duties, such as the de minimis threshold for informal entries. |
| Bonded Warehouse | A secure facility for storing imported goods without paying import duties until they are released for domestic consumption. |
| Temporary Importation under Bond (TIB) | A customs procedure for temporarily importing goods for specific purposes without paying duties. |
| Customs-Trade Partnership Against Terrorism (C-TPAT) | A voluntary program for importers and carriers aimed at enhancing supply chain security and customs compliance. |
| Estimated Duties | An approximation of import duties owed, often required for bond purposes. |
| Duty Rate | The percentage or fixed amount imposed on imported goods based on their classification and origin. |
| Drawback Bond | A bond used to cover potential claims for duty drawback, which is a refund of import duties on goods subsequently exported. |
| Estimated Entry Summary | A document submitted to customs authorities to estimate the import duties and fees owed for a shipment. |
| Valuation Certificate | A document that provides detailed information about the value of the imported goods, often required for customs clearance. |
| Prohibited Goods | Items that are not allowed to be imported into the United States due to safety, health, or legal reasons. |
| False Entry Penalty | Penalties for providing false or inaccurate information in customs declarations. |
| Undervaluation Penalty | Penalties for intentionally undervaluing goods to reduce customs duties. |
| Smuggling Penalty | Severe penalties, including fines and potential imprisonment, for illegal importation of goods. |
| False Claims Act Violation | Committing fraud or making false statements in the customs context, resulting in legal actions. |
| Failure to Pay Import Duties Penalty | Penalties and interest charges for failing to pay required customs duties and taxes. |
| CDSOA Violation (Continued Dumping and Subsidy Offset Act) | Violating this law results in the forfeiture of anti-dumping and countervailing duties collected on imported goods. |
| Violations of FDA Regulations | Breaching regulations imposed by the U.S. Food and Drug Administration (FDA), leading to penalties and goods seizures. |
| Non-Compliance with Labeling Requirements | Violating requirements for product labeling, which can result in fines and corrective actions. |
| Failure to Comply with Anti-Dumping and Countervailing Duties | Violating duties imposed to counteract unfair trade practices, leading to additional penalties. |
| Import of Restricted or Prohibited Goods | Importing goods not permitted or subject to limitations, which can result in penalties and seizures. |
| Compliance Assessment Penalty | Penalties for failing to meet compliance assessments, such as Customs-Trade Partnership Against Terrorism (C-TPAT) requirements. |
| Bond Violation | Breaching the terms of a customs bond, leading to penalties and potential bond forfeiture. |
| Violation of Free Trade Agreements | Failing to meet the rules of origin or other terms of free trade agreements, which can lead to duty assessments and penalties. |
| Trademark Infringement | Importing counterfeit or unauthorized trademarked goods can result in penalties, seizures, and legal actions. |
| Violation of Export Control Regulations | Breaking export control laws can lead to penalties and restricted trading privileges. |
| Failure to Maintain Accurate Records | Penalties for failing to maintain accurate records related to import transactions. |
| Country of Origin Misrepresentation | Providing false information about the country of origin can result in penalties and loss of trade benefits. |
| Import Security Violations | Failing to meet the security requirements can lead to penalties and potential cargo holds. |
| Customs Entry Violation | A breach in the process of formally declaring imported goods to customs authorities. |
| Forced Labor Violation | Importing goods produced with forced or child labor can result in penalties and bans. |
| Penalty Mitigation | The process of reducing or negotiating penalties through various means, such as compliance improvements or settlements. |
| International Trade | The exchange of goods, services, and capital between countries. |
| Exports | Goods or services produced in one country and sold to foreign markets. |
| Imports | Goods or services bought from foreign markets and brought into a country. |
| Trade Balance | The difference between a country's exports and imports, leading to a surplus or deficit. |
| Trade Surplus | When a country exports more than it imports, resulting in a positive trade balance. |
| Trade Deficit | When a country imports more than it exports, resulting in a negative trade balance. |
| Trade Tariffs | Taxes imposed on imports or exports to raise revenue or protect domestic industries. |
| Trade Agreement | A formal agreement between countries to facilitate trade by reducing trade barriers. |
| Free Trade Agreement (FTA) | An agreement that reduces or eliminates trade barriers between participating countries. |
| Customs Duties | Taxes or tariffs imposed on imported or exported goods by customs authorities. |
| Trade Facilitation | Efforts to streamline and simplify international trade processes to reduce costs and delays. |
| Trade Liberalization | The process of reducing trade barriers to promote free trade. |
| Protectionism | Policies aimed at protecting domestic industries through trade barriers like tariffs and quotas. |
| World Trade Organization (WTO) | An international organization that deals with global trade rules among nations. |
| Dumping | Selling goods in foreign markets at prices below production costs or domestic market prices. |
| Countervailing Duties | Tariffs imposed to counteract subsidies given to foreign producers. |
| Anti-Dumping Duties | Tariffs imposed on imports sold at prices lower than fair market value. |
| Quota | A limit on the quantity of specific goods that can be imported or exported. |
| Rules of Origin | Criteria used to determine the origin of goods for customs and trade purposes. |
| Customs Broker | A licensed professional who facilitates customs clearance for importers and exporters. |
| Bill of Lading | A document that details the shipment of goods, their destination, and ownership. |
| Incoterms (International Commercial Terms) | A set of standardized terms used in international trade contracts. |
| Currency Exchange Rate | The value of one country's currency compared to another, affecting trade prices. |
| Balance of Payments | A record of a country's economic transactions with the rest of the world. |
| Trade Finance | Financial tools and services that support international trade, including letters of credit. |
| Export Credit Agency (ECA) | Government or private organizations that provide export financing and insurance. |
| Trade Dispute | A conflict between countries or trading partners regarding trade issues. |
| Sanctions | Restrictions imposed on a country for political or economic reasons, affecting trade. |
| Market Access | The ability to enter and participate in foreign markets. |
| Trade Compliance | Adherence to international trade laws and regulations. |
| Trade Promotion | Efforts to encourage and support companies in entering foreign markets. |
| Import License | A government-issued permit allowing the importation of specific goods. |
| Safeguard Measures | Temporary trade restrictions imposed to protect domestic industries. |
| Trade Agreement Negotiation | The process of reaching and formalizing trade agreements between countries. |
| Letter of Credit | A financial instrument used to guarantee payment in international trade. |
| Trade Finance Risk | Risks associated with international trade, including credit, currency, and political risks. |
| Economic Sanctions | Trade restrictions imposed for political or security reasons, targeting specific countries or entities. |
| Export Subsidy | Government support provided to domestic producers to enhance their competitiveness in foreign markets. |
| Export Credit Insurance | Insurance to protect exporters against non-payment by foreign buyers. |
| Trade Facilitation Agreement (TFA) | An agreement aimed at simplifying and expediting international trade procedures. |
| Market Access Barriers | Obstacles or restrictions that limit entry into foreign markets. |
| Trade Bloc | A group of countries that form a trading agreement, often reducing trade barriers within the bloc. |
| Trade Promotion Authority (TPA) | Legislation that grants the President of the United States authority to negotiate trade agreements. |
| Market Research | The process of gathering information about foreign markets to make informed trade decisions. |
| Foreign Direct Investment (FDI) | Investment in foreign businesses, often linked to international trade. |
| Trade Remedy | Legal actions, such as anti-dumping measures, taken in response to unfair trade practices. |
| Ex-Works (EXW) | An Incoterm indicating that the seller's responsibility ends when the goods are made available for pick-up at their premises. |
| Intrastate Trade | Trade that occurs within the borders of a single country. |
| Customs Valuation | The process of determining the customs value of imported goods for |
| General Examination | A routine inspection of goods to verify compliance with import regulations. |
| Intensive Examination | A more thorough inspection of goods, often including a physical inspection. |
| Non-Intrusive Inspection (NII) | Examination using scanning or X-ray technology to assess cargo without opening containers. |
| Physical Inspection | A hands-on examination of the cargo, often conducted in a bonded warehouse. |
| Radiation Detection Inspection | Scanning for radioactive materials in cargo. |
| Agricultural Inspection | Examination to prevent the introduction of harmful pests and diseases. |
| Environmental Inspection | Examination of goods to ensure compliance with environmental protection regulations. |
| Quarantine Inspection | Inspection to prevent the spread of diseases, particularly in agricultural or animal products. |
| Customs Broker Audit | An audit of a customs broker's records and practices to ensure compliance. |
| ISF Examination | Verification of the Importer Security Filing (ISF) data, including the stow plan. |
| ISF Non-Intrusive Inspection (NII) | Inspection using scanning or X-ray technology for ISF compliance. |
| Container Examination | Inspection of the container itself to ensure it meets safety and compliance standards. |
| Bonded Warehouse Examination | Inspection of goods stored in a bonded warehouse to ensure compliance with regulations. |
| Anti-Dumping Duty Examination | Examination of goods to assess if they are being sold below market value. |
| Countervailing Duty Examination | Examination to determine if goods benefit from unfair subsidies. |
| Trade Enforcement Examination | Inspection to enforce trade laws and agreements. |
| Quality Control Inspection | Examination of goods to verify they meet quality and safety standards. |
| Textile Examination | Inspection to ensure textiles meet textile labeling and fiber content requirements. |
| FDA Inspection | Examination of food, drugs, medical devices, and cosmetics to ensure compliance with FDA regulations. |
| USDA Inspection | Inspection of agricultural products, meat, and poultry for compliance with USDA regulations. |
| Fish and Wildlife Inspection | Examination to ensure compliance with regulations on endangered species and wildlife products. |
| Transportation Security Inspection | Examination to verify security and compliance with transportation security regulations. |
| Phytosanitary Inspection | Examination of plants and plant products to prevent the spread of plant pests and diseases. |
| Chemical Safety Inspection | Examination of chemical imports to ensure safety and compliance with environmental regulations. |
| Narcotics Inspection | Examination to prevent the illegal importation of narcotics and controlled substances. |
| Hazardous Materials Inspection | Examination of goods that may pose a danger to health, safety, and the environment. |
| Firearms and Explosives Inspection | Examination to prevent the illegal importation of firearms and explosives. |
| Customs Compliance Review | An overall review of customs compliance practices. |
| Security and Contraband Inspection | Examination to prevent smuggling and the importation of illegal items. |
| Valuation Verification Examination | Inspection to verify the accuracy of the customs value declared for goods. |
| Photosynthesis | this is just a test, and you got it right on how to use the search bar 😁 |
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