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Terminology
A Glossary and Definition of commonly-used import export
acronyms and terms
ACRONYM/TERM
DEFINITION
ABI
ACE
ACH
ACS
Ad Valorem Duty
ADD
Air Waybill
AMS
APEC
APHIS
Appraisement
Arrival Notice
This notice, which advises the consignee that cargoes have arrived, is
issued by steamship lines and can also serve as the freight bill.
ASEAN
Assist
ATPA
AWB
Air Waybill
BEET
BIS
BL
Bill of Lading - A contract between the owner of the goods and the
carrier. There are primarily two types of ladings. A straight bill of lading
is nonnegotiable. A negotiable or shipper's order bill of lading can be
bought, sold, or traded while goods are in transit and is used for letter
of credit transactions. The customer usually needs the original or a copy
as proof of ownership to take possession of the goods.
Bonded Warehouse
In relationship to imports, the DOC has two primary interests. The first
interest pertains to the Committee for Implementation of Textile
Agreements (CITA) which regulates certain textile imports under
Section 204 of the Agricultural Adjustment Act. The second area of
interest involves the collection of statistical data from import
shipments.
Buying Commission
CACM
Cargo Selectivity
System
CARICOM
Carnet
Cartage
CBERA
CBI
CCL
Certificate of Origin
CF 3461 -Immediate
Release
CFTA
Classification
CM
Contract Manufacturer
CMC
Compound Duty
Consignment
Consignor
Consolidation
Consumption Entry
Container
Container Freight
Station (CFS)
Country of Origin
Customs Broker
Customs Territory
CVD
Date of Exportation
The actual date the merchandise leaves the country of exportation for
the U.S.
DCS
Demurrage
Devanning
DOC
Department of Commerce
Dock Receipt
DOD
Department of Defense
DOE
Department of Energy
Domestic Status
DOS
Department of State
DPL
Drawback
DTRA
Dumping
Duty
EAA
EAR
EC/EU
ECCN
EFTA
EL
Entity List
EMS
EPCI
FACR
FDI
FMS
Foreign inland freight consists of the charges to move the freight from
the foreign factory to the place of loading. Foreign inland freight
Foreign Inland Freight
charges are dutiable unless the terms of sale are ex-factory or the
charges were incurred incident to the international shipment.
Freight Forwarder
FTAA
FTSR
GATS
GATT
GDP
GSP
Harmonized Tariff
System (HTS) *
IC
Import Certificate
IEEPA
Immediate Delivery
must arrive within the port limits for the release to take effect. The
entry summary with duties must be filed within 10 working days after
release.
Importer Number
In bond
Incoterms
Informal Entry
Insurance Certificate
Intensive Exam
IPR
ITA
IVL
L/C -
LCL
Liquidation System
Marine Cargo
Insurance
Broadly, insurance covering loss of, or damage to, goods at sea. Marine
insurance typically compensates the owner of merchandise for losses in
excess of those which can be legally recovered from the carrier. Losses
may include fire, shipwreck, piracy, inclement weather and various
other causes.
Marking (or Marks)
Marks of Origin
MERCOSUR
MLA
Mod Act
MOU
Memorandum of Understanding
MPF
NAFTA
NATO
NDA
Non-disclosure Agreement
Weight of the goods alone without any immediate wrappings (e.g., the
weight of the contents of a tin can without the weight of the can).
NIS
NVOCC
OAC
OFAC
Open Insurance
Packing Costs
Packing List
A list showing the number and kinds of items being shipped, as well as
other information needed for transportation purposes.
Paperless
PO
Purchase Order
Port of Entry
A port at which foreign goods are admitted into the receiving country;
port where the imported merchandise is entered for consumption.
Port of Import
Protest
Reasonable Care
Related Parties
SACU
SADC
SDN
SED
Shipping Weight
Ships Manifest
SLI
SO
Sales Order
Surety Bond
Tare Weight
Tariff
Tariff Shift
TDO
Textile Declaration
A single bill of lading covering receipt of the cargo at the point of origin
Through Bill of Lading for delivery to the ultimate consignee, using two or more modes of
transportation.
TIB
Trade Name
Trademark
Trailer
Transaction Value
Transaction Value is the price actually paid or payable for the imported
goods, with additions made for any dutiable items not included, or
deductions made for any non-dutiable items included.
Transfer Pricing
Transship
TSCA
TWEA
UCP 500
Ultimate Consignee
The ultimate consignee is the person located abroad who is the true
party in interest, receiving the export for the designated end-use.
Ultimate Purchaser
The ultimate purchaser is generally the last person in the United States
who will receive the article in the form in which it was imported.
URAA
USITC
USTR
This method of pricing offers a base entry fee with extra charges for
additional classifications, additional invoices, issuance of delivery
orders, freight tracking, phone and fax charges and other miscellaneous
services.
Visa **
War Risk
Insurance coverage for loss of goods resulting from any act of war.
Wharfage
WTO