HS Code (Harmonized System Code)
A standardized numerical code used to classify goods in international trade.
Definition
A standardized numerical code used to classify goods in international trade. HS Codes are crucial for determining tariffs customs duties and import/export regulations. Each product is assigned a unique code to ensure consistent global trade practices.
Related Terms
Harbor Maintenance Fee (HMF)
A fee imposed by U.S. Customs on cargo imports arriving at U.S. coastal ports.
Haulage
The inland transportation of cargo between ports terminals or customer facilities.
Hazardous Materials (HazMat)
Substances that pose a risk to health property or the environment during transportation.
HAWB (House Air Waybill)
A document issued by a freight forwarder that covers the transport of cargo under a master air waybill.
Heavy Lift
Cargo that exceeds standard size or weight limits requiring specialized equipment for handling.
House Bill of Lading (HBL)
A document issued by a freight forwarder that functions as a contract of carriage for consolidated shipments.
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