|Exporting forwarder as the shipper and the forwarder's import counterpart as the consignee. This is the shipping agreement between the
forwarder and the ocean carrier. A master bill may have more than one house bill consolidated under it. A MBL can also be consigned
direct from a shipper to a consignee on a bill of lading. Companies can arrange transportation directly with carriers and are not required to
use a forwarder.
Master Air Waybill (MAWB)
-this air bill is issued by the carrier and typically will show the exporting forwarder as the shipper and the forwarder's import counterpart as
the consignee. This is the shipping agreement between the forwarder and the air carrier. A master bill may have more than one house bill
consolidated under it. A MAWB can also be consigned from a shipper to a consignee on an airline bill. Companies can arrange
transportation directly with carriers and are not required to use a forwarder.
HOUSE AIR WAYBILL
-House Air Waybill (HAWB)- this air bill is issued by the forwarder and will typically show the supplier (ex: ABC Manufacturing) as the
shipper and the import customer (ex: XYZ Company) as the consignee. This is the shipping agreement between the customer and the
freight forwarder. The House bill covers just one shipping agreement and will still require an air carrier's master bill to move the freight.
House Bill Of Lading (HBL)
-This bill of lading is issued by the forwarder and will typically show the supplier (ex: ABC Manufacturing) as the shipper and the import
customer (ex: XYZ Company) as the consignee. This is the shipping agreement between the customer and the forwarder. The house bill
covers just one shipping agreement and will still require an ocean carrier's master bill to move the freight.
-AMS stands for Automated Manifest System and is another part of Customs ACS. AMS allows Customs to get information contained on
ocean bills of lading and airway bills electronically. It is a cargo inventory control and release notification system for the use of air, ocean,
and rail carriers and speeds the flow of cargo and entry processing. While most ocean carriers are on the AMS system, not all carriers are
using the electronic system. Additionally, while some air carriers in some ports use AMS, their counterparts in different ports may not.
ARRIVAL NOTICE-This is a document which advises consignees that freight has arrived or is arriving from overseas. They are usually
sent by carriers or forwarders before the freight arrives to give the importer or broker a heads up for incoming freight. (6 or 7 days be
shipment is in US Port)
BACK TO BACK-A back to back consolidation of a MAWB or consolidation with only one HAWB in it.
BILL OF LADING-The document issued on behalf of the carrier describing the kind and quantity of goods being shipped, the shipper, the
consignee, the ports of loading and discharge and the carrying vessel. It serves as document of title, a contract of carriage, and receipt for
goods. if it is straight B/L, the foreign can obtain the shipment from the carrier by simply showing proof of identity. If a negotiable B/L is
used, the buyer must first pay for the goods, post a bond, or meet other conditions agreeable to the seller.
BOND-The term bond is used in several different ways in importing. There are surety bonds, in-bond, posting bond, and bonded
warehouses. Each is very different. Normally, when Customs requires a bond, they mean that a surety bond is needed for the import of the
shipment. A surety company allows the broker to prepare a bond which covers U.S. Customs should additional duties or penalties come
due on an entry. It insures that Customs will receive their revenue from the surety company if the importer refuses or is unable to pay. The
second most common usage for a bond is for shipments which are sent in-bond from one U.S. port to another U.S. port without clearing
CONSOL-Consolidation. When the cargo from two or more shippers is loaded into the same container or on the same pallet and
tendered together to the carrier as one shipment on one MAWB or MBL.
COUNTERVAILING DUTY (CVD)-An additional duty imposed to counter unfairly subsidized products paid to foreign suppliers in certain
countries, by the government of that country for the purpose of promoting export.
computer language designed for the transmission of common business data, such as invoices and purchase orders.
ENTRY-Paperwork submitted to U.S. Customs by a broker or importer to obtain release of imported merchandise. the entry package
typically consists of a CF-3461, commercial invoice, packing list, air waybill or ocean bill of lading, and CBP form CF7501.
FCL-Full Container Load referring to the maximum amount of cargo that can be carried on a container, either by weight or volume. A FCL
shipment will be tendered to the steamship line already loaded in the steamship lines container.
HMF-Harbor Maintenance Fee. This is a port user fee associated with all ocean import shipments and is collected to help maintain U.S.
HIGH CUBE-Denoted HC or HQ. A 40' ocean container being 9'6" in height as opposed to the standard 40' container freight of 8'6". This
container has 26.6% more space and the rates are generally higher at the same percentage.
INLAND BILL OF LADING-A bill of lading used in transporting goods overland to the exporter's international carrier.
INTERMODULE-Transportation utilizing more than one transport mode or form of carriage, i.e.; Motor, Rail, Ocean.
I.T.-I.T. stands for Immediate Transportation. This is the Customs document that permits freight to transfer from one port to another prior to
clearance. Also see IN-BOND.
LETTER OF CREDIT (COMMERCIAL (L/C))-A letter addressed by a bank, at the insurance and responsibility of a buyer of merchandise, to
seller, authorizing him to draw drafts to a stipulated amount under specified terms and undertaking conditionally or unconditionally to
provide eventual payment for drafts.
LCL-A Less than Container Load shipment is one that is not large enough on volume or weight to fill a container.
MANUFACTURER ID (MID)-A term used by Customs for a unique alpha numeric code that identifies manufacturers and shippers of goods
in to the U.S..
MASTER AIR WAYBILL-see AIR WAYBILL.
MASTER BILL OF LADING-see BILL OF LADING.
MPF-Merchandise Processing Fee. The MPF is a user fee paid by the importer on each formal entry of merchandise for consumption. It is
a fee collected to cover the expense of Customs commercial operations. MPF is assessed on both air and ocean shipments.
NVOCC-Non-Vessel Operating Common Carrier. These type of companies do not own vessels or aircraft but they buy and sell space
provided by carriers.
PRE ALERT-This form is sent out by the forwarding office to the destination office prior to freight arrival at the destination port. It serves to
notify the destination office of the shipping details, such as consignee, master and house bill numbers, flight information, and pieces and
weight, of an incoming shipment.
QUOTA-The quantity of goods of a specific quantity of merchandise to be entered or withdrawn for consumption during a specific period.
Absolute: Permits a limited number of units of specified merchandise to be entered or withdrawn for consumption during specified
Tariff Rate: Permits a specified quantity of merchandise to be entered or withdrawn for consumption at a reduced duty rate during a
QUOTA CHARGE STATEMENT-Statement from supplier/importer regarding any monies charged to purchase Quota.
SURETY-An obligor on a surety bond, specifically, an entry providing a guarantee for the payment of all government debts, secured by a
bond as evidenced by the sureties name and authorized signature in the bond.
T&E-Transportation and Exportation. similar to an I.T. and submitted on the same form. This type of entry is used for goods that will not
enter in to the commerce of the U.S. but will be immediately exported. No formal entry or duty will be submitted to U.S. Customs for this
type of entry.
TEXTILE DECLARATION-Documents supplied by the manufacturer or the importer to indicate origin of textiles used in making the product.
The actual label in the garment should match the origin of the textile declaration.
TRANS-SHIPMENT-To transfer from one ship or conveyance to another for further transit.
VISA-A textile visa is an endorsement in the form of a stamp or an invoice or export control license which is executed by a foreign
government. It is used to control the exportation of textiles and textile products to the United States and to prohibit the unauthorized entry of
such merchandise into this country.
|Entry@ISFCustomsBroker.com / 800-710-1559.
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