Customs
Common Terms in Customs
Export | Physically and legally transmitting goods from a the boundaries of a country or national territory. |
---|---|
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. |