Shipping and Logistics Glossary for Global Trade

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...

A CAIN is a unique number issued by U.S. Customs and Border Protection (CBP). It identifies foreign importers without an Employer Identification Number (EIN). This number allows non-U.S. businesses to...