In-Bond Shipment
A type of shipment that moves under customs bond before the import duties and taxes are paid.
Definition
A type of shipment that moves under customs bond before the import duties and taxes are paid. In-bond shipments are commonly used to transport goods through the United States to another country or to move cargo from the port to an inland bonded warehouse for customs clearance. This process allows importers to defer duty payments until the shipment reaches its final destination
Related Terms
IATA (International Air Transport Association)
A global trade association for airlines that sets industry standards for air transportation.
IBC (Intermediate Bulk Container)
A durable reusable container designed to transport or store bulk liquids chemicals or powders.
Import Declaration
A document filed with customs authorities that provides detailed information about imported goods.
Import Duty
A tax imposed on goods imported into a country.
Importer Security Filing (ISF)
The Importer Security Filing (ISF) commonly referred to as \10+2\" is a mandatory filing required by U.S. Customs and Border Protection (CBP) for shipments entering the United States by ocean freight."
Incoterms (International Commercial Terms)
A standardized set of trade terms published by the International Chamber of Commerce (ICC) that define the responsibilities of buyers and sellers in international trade.
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