Carnet

Can be considered as a merchandise visa which is a customs document allow the holder to carry or send merchandise temporarily into certain foreign countries for display, trade show, demonstration or other purposes without paying import duties or posting bonds.

Certificate of origin

Some countries required a form as to certify the actual origination of the product so that the product can be capable to apply some special trade agreement for lower or free of import duties. Such certificates can be obtained through a local Chamber of commerce.

CF form 3461- Immediate Release

All import merchandise (except import into FTZ) must be released by US Customs before it’s delivered to the importer. The CF 3461, Immediate Release, is a form, used to obtain the proper conditional release from the Customs.

CFS

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

Clean Bill of Lading

A receipt for goods issued by a carrier with an indication that the goods were received in "apparent good order and condition," without damages or other irregularities.

Classification

Classification is the categorization of the merchandise according to the Harmonized Tariff Schedules of the US. Classification is affecting the duty status of import merchandise.

Commercial Invoice

The commercial invoice is a bill for the goods from the seller to the buyer. These invoices are often used by governments to determine the true value of goods for the assessment of customs duties and are also used to prepare consular documentation. Governments using the commercial invoice to control imports often specify its form, content, number of copies, language to be used, and other characteristics.

Consignee

The person or firm named in a freight contract to whom goods have been consigned or turned over. For export control purposes, the documentation differentiates between an "intermediate" consignee and an "ultimate" consignee.

Consignment

Delivery of merchandise from an exporter (the consignor) to an agent (the consignee) under agreement that the agent sell the merchandise for the account of the exporter. The consignor retains title to the goods until sold. The consignee sells the goods for commission and remits the net proceeds to the consignor.

Consumption Entry

Consumption entry is required by US Customs for Goods entering the US which means merchandise information need to transmit to Customs system and proper duty need to be paid to Customs within 10 working days after the shipment release.

Continuous Entry Bond

A one-year bond for all entries made in a single year with up to US$50,000 coverage. A Continuous Entry Bond is only required under special circumstances.

CSC

Container Service Charge (costs for a country-sided handling of FCL containers at a "free on board" delivery)

Customs

The government branch authorities designated to collect duties levied by a country on imports and exports.

Customs Broker

An individual or company licensed by the government to enter and clear goods through Customs. The U.S. Customs Service defines a Customs Broker, as any person who is licensed in accordance with Part III of Title 19 of the Code of Federal Regulations (Customs regulations) to transact Customs business on behalf of others. Customs business is limited to those activities involving transactions with Customs concerning the entry and admissibility of merchandise; its classification and valuation; the payment of duties, taxes, or other charges assessed or collected by Customs upon merchandise by reason of its importation, or the refund, rebate, or drawback thereof.

Customs Clearance

The procedures involved in getting cargo released by Customs through designated formalities such as presenting import license/permit, payment of import duties and other required documentation by the nature of the cargo such as FCC or FDA approval.

Customs Import Value

This is the U.S. Customs Service appraisal value of merchandise. Methodologically, the Customs value is similar to f.a.s. (free alongside ship) value since it is based on the value of the product in the foreign country of origin, and excludes charges incurred in bringing the merchandise to the United States (import duties, ocean freight, insurance, and so forth); but it differs in that the U.S. Customs Service, not the importer or exporter, has the final authority to determine the value of the good.

Customs Invoice

A document, required by some foreign countries' customs officials to verify the value, quantity, and nature of the shipment, describing the shipment of goods and showing information such as the consignor, consignee, and value of the shipment.

CVD

Countervailing Duty is a special duty (similar to Antidumping duty) imposed on certain import merchandise to offset the benefits of subsidies paid to producers or exporters in the foreign countries.

CY

Container Yard (a place where FCL shipments and empty containers will be assumed by the customer or be delivered by the ship owner to the customer)
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