Mastering Customs Compliance
Glossary of Terms
Clear definitions for complex customs and logistics regulations to ensure your supply chain remains fluid. This glossary provides legal clarity on essential terminology used in international trade and regulatory compliance.
ACE (Automated Commercial Environment)
The primary system through which the trade community reports import and export data and the Government determines admissibility.
Ad Valorem Duty
A customs duty calculated as a percentage of the value of the goods being imported, rather than on their weight or quantity.
Bill of Lading (BOL)
A legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried.
CBP (Customs and Border Protection)
The unified border agency within the Department of Homeland Security (DHS) responsible for management, control, and protection of U.S. borders.
HTSUS (Harmonized Tariff Schedule)
The primary resource for determining tariff classifications for goods imported into the United States.
Incoterms
Standardized international commercial terms that define the responsibilities of buyers and sellers for the delivery of goods.
ISF (Importer Security Filing)
A CBP regulation requiring importers to provide specific data elements to CBP before cargo is loaded on an ocean vessel.
Confused by Regulations?
Navigating complex international trade laws requires expert eyes. Our licensed brokerage team is standing by to provide personalized guidance for your specific compliance challenges.