A procedure whereby the customs authorities visit the premises of an importer or exporter and inspect documents and records and interview personnel.
A person who makes, creates, or issues a draft and instructs a purchaser to make payment to the that person or another person (‘‘pay to the order of’’).
An office of a foreign government in the exporter (seller’s) country.
The date on which a time draft must be paid.
A bill of lading issued by a carrier bearing a notation that the outward containers or the goods have been damaged.
A person (usually the purchaser of goods) ordered in a draft to make payment.
A payment, usually from one collecting bank to another.
A document issued by the transportation carrier which thereby agrees to effect delivery to the required destination by utilizing various means of transportation, such as truck, railroad, and/or steamship line.
A limitation or restriction on the quantity or duty rate payable on imported goods.
A duty (or tax) levied upon goods transported from one customs area to another.
An international customs document that may be used in lieu of national customs entry documents and as security for import duties and taxes to cover the temporary admission and transit of goods.
The cost of unloading a vessel that is borne by the charterer.
An official document issued by a country authorizing one of its citizens or legal residents to leave the country and to be readmitted to the country upon return.
The agreement of the twelve European common market countries entered into in 1992 in Maastricht, Netherlands, to create a monetary and political union.
An ocean port and its adjacent area where imported goods may be temporarily stored and sometimes repackaged; manipulated;
The placing of cargo into a vessel.