Customs
Common Terms in Customs
| Export | Physically and legally transmitting goods from a the boundaries of a country or national territory. |
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| Import | Physically and legally transmitting goods into the boundary of a country or national territory. |
| Reexport | Exportation from a customs territory of goods previously imported into that territory |
| Bonded Storage/Transport | A method of storing or transporting goods that have either already been exported from an national territory, or have yet to be imported. The warehouse or truck are "international grounds." |
| Clearing | The act of lawfully importing goods through a recognised import authority. |
| Agent | Any third party who works on behalf of a contracting party. Most common in customs clearance are "clearing agents" and "forwarding agents." |
| Frustrated | Cargo that is held up and unable to be imported to a country or territory for whatever reason. |
| Demurrage | Fees that accrue from cargo behind held pre-customs. Frustrated cargo can greatly increase demurrage fees. |
| Boundary | The physical edge when entering or leaving a country or national territory. |
| Border | The actual physical crossing point of a boundary. |
| Port of Entry | Port through which goods are imported. |
| Import Fees/Duties/Tariffs | The legally required fees charged by governments to import goods. Each country has vastly different regulations. |
| Exemption | When part or all of the import fees and / or process are exempted for specific goods or organizations, usually in response to extraordinary circumstances. |