Terms used in export custom clearance such as Air Waybill,Amendmen,Automated Clearinghouse,Bill of Lading ,Bond System

 

Terms used in export custom clearance such as Air Waybill,Amendmen,Automated Clearinghouse,Bill of Lading ,Bond System etc.

 

This post explains about terms used in custom clearance such as Accepted Payment Method,Air Waybill,Amendmen,Automated Clearinghouse,Bill of Lading ,Bond System,CARRIAGE PAID TO ,Certificate of Origin,cost and freight etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.

 

Terms used in custom clearance

 

Accepted Payment Method: You must pay for GSP Items and applicable Program Fees using PayPal. Only item listings that offer PayPal as a payment method are eligible for GSP. Your use of the PayPal services is subject to the PayPal User Agreement and Privacy Policy between you and the PayPal entity that provides the PayPal services to you, including all applicable PayPal fees described in the PayPal User Agreement.

 

Air Waybill:An AWB is a bill of lading which covers both domestic and international flights transporting goods to a specified destination. Technically, it is a non-negotiable instrument of air transport which serves as a receipt for the shipper, indicating that the carrier has accepted the goods listed therein and obligates itself to carry the consignment to the airport of destination according to specified conditions. Normally AWB refers to the Air Waybill issued by carrying airlines and also called Master Air Waybill (MAWB) which comes with three digits of numeric airline identification codes issued by IATA to non-U.S. based airlines and Air Transport Association of America to U.S. based airlines. However, air freight forwarders also issue HAWB (House Air Waybill) to their customers for each of the shipments.

 

AirC:Abbreviation for Air Courier / express (for shipments that weigh usually less than 50 Lbs). See Mode Selection for more information.

 

AirF:Abbreviation for Air Freight (for shipments weighing usually greater than 50 Lbs or large awkward sized boxes, drums, pallets or other packaging configurations). Is least expensive air transportation method. See Mode Selection for more information.

 

Terms used in export  custom clearance such as Air Waybill,Amendmen,Automated Clearinghouse,Bill of Lading ,Bond System etcAmendment: eBay may amend these Terms, including applicable fees, at any time by posting the amended terms on the eBay site. Except as stated elsewhere, all amended terms shall take effect immediately and automatically when posted on the eBay site.

 

Applicability of eBay User Agreement: The eBay.com User Agreement, eBay's User Privacy Notice and all policies posted on our sites (collectively, and as the same may be amended from time to time, "eBay's Policies") apply in addition to these Terms. In the event of a conflict or inconsistency between these Terms and eBay's Policies, these Terms will control as to all matters that they explicitly address. For all matters not explicitly addressed by these Terms, eBay's Policies will control.

 

ATA:Actual Time of Arrival, or Airport-To-Airport, or Air Transport Association of America.

 

ATD:Actual Time of Departure.

 

Automated Broker Interface:ABI, a part of Customs' Automated Commercial System, permits transmission of data pertaining to merchandise being imported into the United States. Qualified participants include brokers, importers, carriers, port authorities, and independent data processing companies referred to as service centers.

 

Automated Clearinghouse:The Automated Clearinghouse (ACH) is a feature of the Automated Broker Interface which is a part of Customs' Automated Commercial System. The ACH combines elements of bank lock box arrangements with electronic funds transfer services to replace cash or check for payment of estimated duties, taxes, and fees on imported merchandise.

 

Available Remedies:Without limiting other remedies, included those described elsewhere within eBay's policies, eBay may at any time, in its sole discretion, with or without notice to you, limit, prohibit, refuse, cancel, block, suspend and/or terminate your sale of GSP Items if you violate any of these Terms, eBay's policies, or any applicable laws.

 

Bill of Lading (B/L):Bills of lading are contracts between the owner of the goods and the carrier. There are two types. 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 many types of financing transactions. The customer usually needs the original or a copy as proof of ownership to take possession of the goods.

 

Billing Invoice:Is the document used by an accounts payable department to pay for delivered goods. It is different from a Commercial Invoice which is used for US import Customs clearance. If a Billing Invoice is used in place of sending a Commercial Invoice for US Customs clearance, it will NOT be forwarded to the Accounts Payable department. The Billing Invoice must be sent directly to Accounts Payable to assure timely payment.

 

Bill-to:The party responsible for the payment of goods and to where a billing invoice is sent.

 

Bond System: The Bond System, a part of Customs' Automated Commercial System, provides information on bond coverage. A Customs bond is a contract between a principal, usually an importers, and a surety which is obtained to insure performance of an obligation imposed by law or regulation. The bond covers potential loss of duties, taxes, and penalties for specific types of transactions. Customs is the contract beneficiary.

 

Bonded Warehouse:The U.S. Customs Service authorizes bonded warehouses for storage or manufacture of goods on which payment of duties is deferred until the goods enter the Customs Territory. The goods are not subject to duties if reshipped to foreign points.

 

Broker:Same as Customs Broker or Imports Broker. See Imports Broker.

 

Buyer:The last known entity to which the goods are sold or agreed to be sold. If the goods are to be imported otherwise than in pursuance of a purchase, it should be the name and address of the owner of the goods. Refers in general to Kodak, but may refer specifically to an employee with purchasing responsibilities. Same as Sold-to.

 

CAF:Currency Adjustment Factor (compensation factor for the various currencies)

 

Carnet:A customs document permitting the holder to carry or send merchandise temporarily into certain foreign countries for display, demonstration or other purposes without paying import duties or posting bonds.

 

CARRIAGE AND INSURANCE PAID TO (CIP):This term means the Seller has all the obligations mentioned in CPT. In addition, the seller must purchase a cargo insurance against the risks of loss or damage during transportation of the goods. Seller draws up the insurance contract and pays the premium thereof.

 

CARRIAGE PAID TO (CPT):This term means that the seller paid the freight required for the goods delivered to the agreed destination point of delivery. Risks for loss and damage as well as additional costs arising as of the delivery date of goods to the carrier are transferred from seller to the buyer when the goods are delivered to the supervision of the carrier.

 

Carrier:Company that supplies actual freight carriage for shipments from one location to another, often referring primarily to the main leg of the transportation, e.g. ocean (steamship line), ground (trucking company), or air (airline) carriage.

 

CBP:Acronym for US Customs and Border Protection under the Homeland Security branch of the US Government. Also refers to Customs Border Patrol.

 

Certificate of Exportation A certificate issued by the Road and Transport Authority for vehicles intended to be exported.

 

Certificate of Origin:A specific document identifying the goods, in which the authority or body empowered to issue it, certifies that the goods to which the certificate relates originate in a specific country. A certificate issued and attested by a local Chamber of Commerce stating the country in which a commodity has been grown, milled, produced, manufactured or assembled used in foreign commerce.

 

CFR (COST AND FREIGHT): The seller must pay the costs and freight required in bringing the goods to the named port of destination. The risk of loss or damage is transferred from seller to buyer when the goods pass over the ship's rail in the port of shipment. The seller is required to clear the goods for export. This term should only be used for sea or inland waterway transport.

 

CFS:Container Freight Station (warehouse where the containers are loaded or unloaded)

 

The above details describes about terms called in custom clearance such as Accepted Payment Method,Air Waybill,Amendmen,Automated Clearinghouse,Bill of Lading ,Bond System,carriage paid to ,Certificate of Origin,cost and freight etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in custom clearance below this post.Terms used in export custom clearance such as as UPS FTZ Facilitator, Voluntary Tender,Wharfage,Your Seller's Role as Exporter

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