Logistics

Anti-dumping duties are established to protect local industry from foreign manufacturers of goods in certain categories.

A customs tariff is a tax levied on imports and is typically imposed by the government of the importing country.

A customs entry is a declaration made to a local customs authority by a licensed customs broker for the customs clearance of imports and exports.

De minimis fee is the price threshold below which shipments are subject to either reduced or no taxes.

A preferential duty is a duty with a lower than normal tariff rate levied on imports originating from countries within a Free Trade Agreement (FTA) treaty network.

Peak Season Surcharge (PSS) is a short-term extra charge that carriers impose on top of base rates during periods of high demand.

Airline Terminal Fee (ATF) is a cargo handling fee for air cargo processing at the airline terminal bonded warehouse.

A pallet exchange fee is imposed in the case where a trucker does not bring pallets for exchange when picking up palletized freight.

The airline storage fee is incurred when an air freight shipment is not picked up within the allowed free time period.

A per diem fee is charged by the carrier for each additional day that a container remains away from port beyond the allowed “free” days.

Bunker Adjustment Factor (BAF) represents the adjusted price level of fuel in ocean freight shipping, and is updated on a quarterly basis.

Bonded goods refers to shipments with unpaid customs fees that are stored in customs-controlled warehouses until the shipments are cleared.

Yard storage refers to the storage of containers kept in a trucker’s fenced yard rather than a terminal.

The U.S. Customs and Border Protection (CBP) is an agency of the Department of Homeland Security that oversees foreign trade and travel into the U.S.

The U.S. Trade Representative (USTR) is a public official responsible for overseeing American international negotiations on foreign trade, commodities, and direct investment policy.