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What is a ‘Customs Bond’ and when it is required?
A customs bond is a financial guaranty between the surety company who issues the bond, importer of record, and Customs & Border Protection (CBP). The bond simply guarantees that CBP will collect...
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What is GRI?
GRI stands for ‘General Rate Increase’. It occurs when a carrier announces an increase in base ocean freight rates within a given trade lane. The post What is GRI? appeared first on More Than Shipping.
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What is a Bill of Lading?
A bill of lading is a contract between the owner of the goods and the carrier. For vessels, there are two types: a straight bill of lading, which is non-negotiable, and a negotiable or shipper’s order...
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What is an Electronic Export Information Filing (formerly known as the...
Electronic Export Information (EEI) is the most common of all export control documents. It is required for shipments above $2,500* and for shipments of any value requiring an export license. It has to...
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What is a CERTIFICATE OF ORIGIN?
The Certificate of Origin (CO) is required by some countries for all or only certain products. In many cases, a statement of origin printed on company letterhead will suffice. The exporter should...
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What is IATA?
The International Air Transport Association – works with its airline members and the air transport industry as a whole to promote safe, reliable, secure and economical air travel for the benefit of the...
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What is a Flexitank?
A Flexitank is a bladder or bag that can be fit into a standard ISO container and used for the transport and/or storage of a non-regulated liquid inside a cargo transport unit (container). The post...
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What does Genset refer to?
Genset may refer to: Diesel generator, a combination of diesel engine and electric generator. Engine-generator, a machine used to generate electricity. Genset locomotive, a railway locomotive using...
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What is an Importer Security Filing?
Under the new rule, before merchandise arriving by vessel can be imported into the United States, the “Importer Security Filing (ISF) Importer,” or their agent (e.g., licensed customs broker), must...
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Who is authorized to make custom entry on your behalf?
Learn who is authorized to make US customs entries on your behalf. Merchandise arriving in the United States by commercial carrier must be entered by the owner, purchaser, his or her authorized regular...
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