A bill of entry is a legal document submitted by the importer or exporter to customs, detailing the nature, quantity, and value of goods being imported or exported.
Goods brought into a country that are placed in a bonded warehouse until all duties are paid.
A detailed explanation and exploration of the term 'Duty,' including its application in taxation, fiduciary obligations, and additional contexts.
A Foreign Trade Zone (FTZ) is a designated, enclosed area near a port where goods can be stored, inspected, packaged, or undergo other processes without the assessment of duties or customs fees.
The term 'import' refers to the action of bringing in goods or services produced outside of a specific economy into that economy. It also signifies the process within computer applications of incorporating files created by another program.
A letter of credit, or documentary credit, is a fundamental financial tool in international trade, providing a promise of payment from a bank to a seller on behalf of a buyer under specified conditions.
A packing list is a detailed statement of the contents of a container, typically included within the container, used for counting and matching quantities of merchandise by the person who opens the container.
Pier to house shipping refers to the transportation of goods from the storage location at the shipping port directly to the consignee's specified location, typically their home or business.
A Trade War is a conflict involving two or more countries aimed at improving their own import/export positions by imposing tariffs or other trade barriers against each other.
