MPS (Merchandise Processing Fee)
A fee charged by U.S. Customs for processing imported goods.
Definition
A fee charged by U.S. Customs for processing imported goods. The MPS is calculated as a percentage of the shipment's value and applies to both formal and informal entries. This fee helps fund customs inspection security and processing services
Related Terms
Marine Cargo Insurance
Insurance coverage that protects goods transported via ocean or inland waterways against loss or damage.
Marine Surveyor
A professional inspector who evaluates ships cargo and port facilities to ensure they meet safety and regulatory standards.
Master Air Waybill (MAWB)
A document issued by the airline that functions as a contract of carriage for air shipments.
Measurement Ton
A unit of volume used to calculate shipping rates for light yet bulky cargo.
Merchant Haulage
A freight service where the shipper arranges and pays for inland transportation independently rather than using the carrier's inland services.
Multimodal Transport
A logistics strategy that involves multiple modes of transportation (e.g. sea air road or rail) under a single contract.
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