Trademo secures $12.5 million Seed round to expand its Global Supply Chain Intelligence PlatformRead More

Glossary

Arrival Date: Date shipment arrived on US Port


Automated Broker Interface: The Automated Broker Interface(ABI) is an integral part of the Automated Commercial System (ACS) that permits qualified participants to file import data electronically with CBP. ABI is a voluntary program available to brokers, importers, carriers, port authorities, and independent service centers. Currently, over 96% of all entries are filed through ABI.


Automated Commercial System(ACS): The Automated Commercial System (ACS) is used by CBP to track, control, and process all goods imported into the United States.


Automated Manifest System(AMS): The Automated Manifest System (AMS) is an electronic information transmission system operated by U.S. Customs and Border Protection (CBP). Air and ocean shipments into the U.S. require an AMS filing with detailed information about the cargo, as a security measure.


Bill of Lading Number: The alpha/numeric code issued by a carrier that references an individual shipment in a manifest.


Carrier Code: A four-letter code representing the importing Carrier.


Country of Origin: Name of the country from which the product originally dispatched to the US


C-TPAT: The Customs-Trade Partnership Against Terrorism is a voluntary supply-chain security program led by U.S. Customs and Border Protection focused on improving the security of private companies' supply chains with respect to terrorism.


Denied Party Screening: Denied trade screening is the process of screening parties involved in an export transaction for the purpose of complying with the safety standards of the U.S. Government. Denied Party Screening trade lists are created and compiled by government authorities/agencies and/or organizations that warn its members/citizens/business to either beware or refrain from interacting with those individuals or entities on the lists.


Freight Forwarder: A freight forwarder, forwarder, or forwarding agent is a person or company that organizes shipments for individuals or corporations to get goods from the manufacturer or producer to a market, customer, or final point of distribution.


FROB:Foreign remaining on board ("FROB"). "FROB" means which is laden in a foreign port, is intended for discharge in a foreign port and remains aboard a vessel during either direct or indirect stops at one or more intervening United States ports.


Hazmat: HAZMAT is an abbreviation for "hazardous materials"—substances in quantities or forms that may pose a reasonable risk to health, property, or the environment. HAZMATs include such substances as toxic chemicals, fuels, nuclear waste products, and biological, chemical, and radiological agents.


House Bill of Lading: A House Bill of Lading (HBL) is issued by NVOCC operator or Freight Forwarder to their customer. After receiving the cargo from the shipper and necessary customs formalities, the NVOCC operator or Freight Forwarder releases HBL to the shipper. In the HBL, the shipper will usually be the actual shipper/exporter of the cargo. The Consignee will usually be the actual receiver/importer of the cargo and the Notify could be the same as Consignee or any other party.


HS Codes: Harmonized System Codes, also called as HS numbers, are an international nomenclature for the classification of products. It allows participating countries to classify traded goods on a common basis for customs purposes. At the international level, the Harmonized System (HS) for classifying goods is a six-digit code system. They are also used by customs authorities around the world to identify the duty and tax rates for specific types of products.


Incoterms: Incoterms, a widely-used term of sale, are a set of 11 internationally recognized rules which define the responsibilities of exporters and importers. Incoterms specifies who is responsible for paying for and managing the shipment, insurance, documentation, customs clearance, and other logistical activities.


ISF: An Importer Security Filing (ISF), also known as "10+2" is a filing required by the CBP that documents importing information and details, as shipments pass from point to point.


Master Bill of Lading: A Master Bill of Lading (MBL) is issued by the Shipping Line (Carrier) to the NVOCC Operator or Freight Forwarder. An MBL summarizes the contents of a cargo, vessel/voyage information, underlying product description, number of containers, seal numbers, weight, and measurements of cargo etc. In the MBL, the Shipper will usually be the NVOCC operator, or their agent or the Freight Forwarder. The Consignee will usually be the destination agent or counterpart or office of the NVOCC operator, or the Freight Forwarder and the Notify could be the same as Consignee or any other party.


NCBFAA: National Customs Brokers & Forwarders Association of America, Inc.


Non-Vessel Operating Common Carrier (NVOCC):A NVOCC is an ocean carrier that transports goods under its own House Bill of Lading, or equivalent documentation, without operating ocean transportation vessels. Rather, an NVOCC leases space from another ocean carrier, or Vessel Operating Common Carrier (VOCC), that they sell to their own customers. An NVOCC can be described as a shipper to carriers and a carrier to shippers.


Notify Party: Party suppose to receive the notification upon arrival of the shipment on US port.


Place of Receipt: City or Country name in which carrier first took possession of the shipment.


Product Description: Description of the underlying traded product as mentioned on Bill of lading.


Schedule B Codes: A Schedule B number is a 10-digit code used in the U.S. to classify physical goods for export to another country


TEU: TEU stands for the Twenty-Foot Equivalent Unit which can be used to measure a ship’s -carrying capacity.


US CBP: United States Customs and Border Protection (CBP) is the US primary border control organization. It is charged with regulating and facilitating international trade, collecting import duties, and enforcing U.S. regulations, including trade, customs, and immigration.


US Port of Arrival: Name of US port where shipment gets cleared


Zip Code: A 5 or 9 numbers used in the US to denote location code