Customs Clearance
The process of submitting documentation paying duties and meeting regulatory requirements to gain approval for goods to enter or leave a country.
Definition
The process of submitting documentation paying duties and meeting regulatory requirements to gain approval for goods to enter or leave a country. Customs clearance may involve filing forms inspection procedures and obtaining permits
Related Terms
CFS (Container Freight Station)
A designated warehouse or facility where LCL (Less than Container Load) shipments are consolidated or deconsolidated before being moved to their final destination.
CAF (Currency Adjustment Factor)
A surcharge applied by carriers to account for currency fluctuations between the origin and destination countries.
Carnet
A document that allows for the temporary importation of goods without the need to pay duties or taxes.
Cargo Insurance
A form of protection that covers loss or damage to cargo during transit.
Cargo Manifest
A detailed list of all cargo loaded onto a ship aircraft or truck.
Carrier
A company or individual responsible for transporting goods from one location to another.
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