Terms used in export custom clearance such as Shipper's Export Declaration,Shipping point,Stuffing Location,Tariff,Terms of Sale,Transportation Handling Fee

 

Terms used in export custom clearance such as Shipper's Export Declaration,Shipping point,Stuffing Location,Tariff,Terms of Sale,Transportation Handling Fee etc.

 

 

This post explains about terms used in custom clearance such as Seller,Shipper's Export Declaration,Shipping point,Stuffing Location,Tariff,Terms of Sale,Transportation Handling Fee,Ultimate Consignee,Third Party Bill 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

 

Self-filer:Company with licensed brokerage rights to submit an entry or FTZ admission to US Customs for clearance/admission on behalf of it's own corporate interests. Is not able to clear shipments or offer submissions for other than self.

 

Seller:Last known entity by which the goods are sold or agreed to be sold. If the goods are to be imported otherwise than in pursuance of a purchase, then would be the owner of the goods. May not be the same location as where the goods are shipped from. Ship-from locations may be referred to as shipper, shipping point or supply point. Seller is same as Supplier or Vendor. See also Manufacturer.

 

Ship-from:Same as Shipping Point, Supply point or Shipper. See Shipper.

 

Shipper:Seller's foreign warehouse, factory location or 3rd Party Logistics location where goods will ship from. May NOT be the same location as the Seller. May also be referred to as Ship-from, Shipping point or Supply point.

 

Terms used in export  custom clearance such as Power Of Attorney,Shipper's Export Declaration: The SED includes complete particulars on individual shipments and is used to control exports and act as a source document for the official U.S. export statistics. SEDs must be prepared for shipments through the U.S. Postal Service when the shipment is valued over $500. SEDs are required for shipments, other than by the U.S. Postal Service, where the value of commodities classified under each individual Schedule B number is over $2,500. SEDs must be prepared, regardless of value, for all shipments requiring a validated export license or destined for countries prohibited by the Export Administration Regulations. SEDs are prepared by the exporter and the exporter's agent and delivered to the exporting carrier (such as: post office, airline, or vessel line). The exporting carrier presents the required number of copies to the U.S. Customs Service at the port of export. The Foreign Trade Statistical Regulations (15 CFR, Part 30) provide the statistical requirements for use by exporters, freight forwarders, and ocean carriers concerning preparation and filing of SEDs.

 

Shipping Instruction Specialist:A Kodak employee to whom the Kodak contact goes for Supplier Mode-Specific Shipping Instructions. See Contacts for more information.

 

Shipping Mark: The letters, numbers or other symbols placed on the outside of cargo to facilitate identification.

 

Shipping point:Same as Ship-from, Supply point or Shipper. See Shipper.

 

Shipping Weight: Shipping weight represents the gross weight in kilograms of shipments, including the weight of moisture content, wrappings, crates, boxes, and containers (other than cargo vans and similar substantial outer containers).

 

Ship-to:Defined as the first known location or deliver-to party scheduled to physically receive the goods after the goods have been released from US CBP. May also be referred to as delivery destination, consignee delivery location, delivery address, final destination or destination address, etc.

 

Single Entry Bond (SEB): A one-time bond that is issued to ensure compliance with U.S. laws and regulations.

 

SOC:Shipper's Own Container

 

Sold-to:The US company (importer) responsible for the payment of goods (normally Kodak), and to where a billing invoice is sent. Same as Buyer.

 

Stuffing Location:See Container Stuffing Location.

 

Supplier Mode-Specific Shipping Instructions:These are unique shipping instructions created for an individual supplier/seller and are specific to a mode of transportation. They provide a network of contacts and other specific details necessary to move shipments from the supplier's shipping point to any US destination directly to or on behalf of Kodak. Note: Seller should request these from the Kodak contact for whom the shipment is being prepared, or whose name and phone number appear on the purchase order (PO).

 

Supplier:Company the purchase/sale is made from. May not be the same location as the Shipping Point. Same as Vendor or Seller.

 

Supply point:Same as Ship-from, Shipping point or Shipper. See Shipper.

 

Tariff: A tax assessed by a government in accordance with its tariff schedule on goods as they enter (or leave) a country. May be imposed to protect domestic industries from imported goods and/or to generate revenue. Types include ad valorem, specific, variable, or some combination.

 

Temporary Import Entry/Bond: A special customs entry for merchandise to be brought into the country exempt of duty, providing the merchandise exits the country within a certain amount of time and under U.S. Customs and Border Protection supervision.

 

Temporary Importation under Bond: When an importer makes entry of articles brought into the United States temporarily and claimed to be exempt from duty under Chapter 98, Subchapter XIII, Harmonized Tariff Schedule of the United States, a bond is posted with Customs which guarantees that these items will be exported within a specified time frame (usually within one year from the date of importation). Failure to export these items makes the importer liable for the payment of liquidated damages for breach of the bond conditions. (See 19 CFR 10.31.). The Temporary Importation under Bond (TIB) is usually twice the amount of duties and other payments the importer would otherwise be required to pay. Merchandise imported under TIB is usually for sales demonstration, testing, or repair.

 

Term: These Terms, as may be amended from time to time, will remain in effect for a period of sixty (60) days following the delivery of the GSP Item to the delivery address designated by you.

 

Terms of Delivery and Payment:Same as Incoterms and Freight Payment terms, combined.

 

Terms of Sale:Refers to the overall conditions to which the freight costs are paid, by whom and where risk transfers between buyer and seller. See Incoterms® rules.

 

THC:Terminal Handling Charge (container handling costs)

 

Third Party Bill (drop-ship):When Kodak asks it's supplier to ship directly to a non-Kodak location on it's behalf, Kodak may pay for the freight costs from a given shipping point to the ship-to destination. In order for Kodak to be billed correctly for the freight charges, the freight forwarder/carrier will be advised in the Terms of Sale/Freight Payment terms portion of the Purchase Order that the shipment is a 3rd Party Bill (freight collect) and should send the freight bill to Kodak's freight payment agent. See Third Party Drop-Shipments for more information.

 

Transfer of Title: Title to a GSP Item remains with your Seller until such time as the GSP Item is successfully delivered to you or your consignee, at which time title to the GSP Item shall transfer to you or your consignee. At no time do eBay (or its affiliates), Pitney Bowes (or its affiliates), or the third party logistics providers, shipping carriers, customs brokers, freight forwarders, or other subcontractors under contract with Pitney Bowes take title to a GSP Item.

 

Transportation Handling Fee: Assessed when shipments are removed from the UPS system, at the request of the importer, to be forwarded to another broker for clearance. The shipments are transferred from the UPS-bonded facility to the designated bonded agent's facility. A bonded carrier or cartman must be used to transfer goods in-bond from UPS to another carrier based on approval to move the goods from U.S. Customs and Border Protection. The transfer may be denied by UPS Supply Chain Solutions.

 

Transshipment: Transshipment refers to the act of sending an exported product through an intermediate country before routing it to the country intended to be its final destination.

 

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.

 

Unpaid Items and Payment Failure: Your purchase of a GSP Item is subject to eBay's unpaid item policy. eBay reserves the right to collect, using any collection methods at its disposal, any unpaid amounts that eBay pays to your Seller and/or Pitney Bowes because of your non-payment or failed payment.

 

UPS Broker of Choice: With UPS Broker of ChoiceSM, importers select UPS or their own customs broker for customs clearance of their UPS international shipments. This service is available for shipments using all variations of UPS Worldwide ExpressSM and UPS Worldwide ExpeditedSM. This contractual, fee-based service ensures that the established relationship with a Customs Broker remains in place while the importer works with UPS to save time and increase efficiencies in shipping and customs processes. Using UPS Broker of Choice enables importers to reduce fees and errors incurred while using multiple customs clearance processes.

 

The above details describes about terms called in custom clearance such as Seller,Shipper's Export Declaration,Shipping point,Stuffing Location,Tariff,Terms of Sale,Transportation Handling Fee,Ultimate Consignee,Third Party Bill 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 Power Of Attorney,Port of Departure, Program Fees,Prohibited Goods, Representative Card

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