Export/Import Management Glossary

A customs duty calculated as a percentage of the value of the imported goods.

A tariff imposed on imports sold below their normal value to protect domestic industry from unfair price competition.

An international customs document permitting temporary duty-free import of goods for up to one year.

A carrier-issued document serving as receipt, carriage contract, and document of title for shipped goods.

A customs-authorized storage facility where imported goods are held without payment of duties until released or re-exported.

A document certifying the country in which goods were manufactured or substantially transformed.

An Incoterm where the seller pays goods cost, insurance, and freight to the destination port.

A document from the exporter to the buyer detailing goods, value, and sale terms; used for customs valuation.

A tariff imposed to offset the benefit of foreign government subsidies on exported goods.

A licensed agent who facilitates the clearance of goods through customs on behalf of importers.

The process of determining the monetary value of imported goods for calculating duties.

A trade finance method where banks act as intermediaries to exchange payment for shipping documents.

A refund of duties, taxes, or fees paid on imported goods that are subsequently exported or used in manufacturing exported products.

A tax levied by a government on goods imported into or exported from a country.

A government authorization required to export certain controlled goods, technology, or services.

An Incoterm where the seller delivers goods on board the vessel at the port of shipment; risk then transfers to the buyer.

A pact between two or more countries to reduce or eliminate tariffs, quotas, and other trade barriers on goods and services.

A designated area where goods may be imported, stored, and re-exported without standard customs duties.

An intermediary that arranges the transportation and logistics of goods on behalf of shippers.

An international product classification system used by customs authorities worldwide to apply tariffs and collect trade statistics.

International Commercial Terms published by the ICC defining cost, risk, and responsibility allocation between buyers and sellers.

A bank guarantee of payment to the seller conditioned on presentation of compliant shipping documents.

Any trade restriction other than a tariff, such as quotas, embargoes, licensing requirements, or technical standards.

Criteria used to determine the national source of a product for tariff and trade agreement purposes.

A government-imposed tax on goods entering or leaving a country, used to regulate trade and generate revenue.