Shipping Glossary for Freight, Customs and Logistics

The Commerce Control List (CCL) is a U.S. export control list maintained by the Bureau of Industry and Security (BIS) under the Export Administration Regulations (EAR). It identifies certain goods,...

A Customs exam is an inspection conducted by U.S. Customs and Border Protection (CBP) to ensure imported goods comply with U.S. regulations. The most common types of exams include: X-ray...

A bill of exchange is a legally binding financial instrument widely used in international trade to facilitate secure payments between buyers and sellers.In this arrangement, the drawer (typically the exporter)...

A cargo manifest is an official document that lists all goods loaded onto a transport vehicle, ship, or aircraft. It includes details such as the description, quantity, weight, and destination...

Combined transport refers to the movement of cargo using two or more modes of transport under a single contract or bill of lading. This method streamlines international shipping by coordinating...

Customs valuation is the process of determining the declared value of imported goods for customs purposes. When ad valorem duties (calculated as a percentage of value) apply, customs authorities use...