Customs Duty
A tax imposed on imported or exported goods by a country's customs authorities.
Definition
A tax imposed on imported or exported goods by a country's customs authorities. Customs duties are calculated based on the product's value classification code and country of origin. Duty rates may vary under trade agreements or exemptions.
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.
Ready to unblock your supply chain?
Join the fastest growing businesses shipping with Cubic.