Tariff
A tax imposed on imported or exported goods by a government to regulate trade and generate revenue.
Definition
A tax imposed on imported or exported goods by a government to regulate trade and generate revenue. Tariffs are typically calculated as a percentage of the shipment's value and are determined based on HS Codes or NCM Codes. Tariff rates may vary depending on trade agreements country of origin or product category
Related Terms
Third-Party Logistics (3PL)
A company that provides outsourced logistics services including transportation warehousing order fulfillment and inventory management.
Through Bill of Lading
A Bill of Lading that covers multiple stages of a shipment's journey across various modes of transportation (e.g. sea rail and truck).
TIR Carnet
A customs transit document that allows goods to move across international borders under customs seal without requiring repeated inspections at each country's checkpoint.
Tonnage
A measurement of a vessel's cargo-carrying capacity.
Tracking Number
A unique identifier assigned to a shipment that allows shippers and consignees to track cargo movement.
Transit Time
The total time required for a shipment to move from its origin to its final destination.
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