Glossary

Countervailing duties (CVDs) are special tariffs imposed on imported goods that benefit from subsidies provided by foreign governments. These duties help neutralize the unfair pricing advantage and protect domestic industries...

Customs clearance is the process of obtaining official permission from a country's customs authorities to import or export goods. To complete this process, importers and exporters must submit the necessary...

A Certificate of Origin (COO) is an official document that certifies the country where a product was manufactured or produced. Customs authorities often require this certificate to determine import duties,...

A Container Yard (CY) is a secured area at a port or terminal where ocean carriers receive and release shipping containers. Carriers use CYs to manage full container load (FCL)...

Consolidation is the process of combining multiple less-than-container load (LCL) shipments from different shippers into a single container. It typically occurs at a Container Freight Station (CFS) before export.By consolidating...

In international shipping, the consignee is the party listed on the bill of lading to whom the carrier delivers the goods. Once the shipment arrives and clears customs, this party...