Issued by: Customs broker on behalf of importer. Purpose: Customs Form 7501 specifies all shipment particulars that allow U.S. Customs to assess and collect import duties. Highly standardized to allow computer processing. Includes Harmonized Code number, broker identification number, and auxiliary fees. Broker figures all assessments, then submits form with supporting documents and payment. Customs later either accepts or modifies entry and payment.

The prohibition of accepting freight at origin because of a crisis at the point of destination.

A tax imposed by a government on merchandise imported from another country. There are several types of duty, including: A) Ad valorem duty ("According to the value") - an assessment based on of the actual value of an article. B) Specific duty - an assessment based on the weight or quantity of an article without reference to its monetary value or market price.

A refund of duty paid on imported merchandise when it is later exported.

Those goods which are subject to duty as per each nation's Customs regulation.

Sometimes called a Bank Drafter Bill of Exchange, the Draft is a negotiable instrument which contains an order to pay. It must be signed by the drawer (seller) and be payable at sight or by a certain time. The Draft must contain an unconditional order to pay a certain sum of money to the drawee (buyer). Drafts are used in both collection and Letter of Credit methods of payment.

The Dock Receipt provides the exporter with a receipt indicating that the ocean terminal operator has taken custody of the shipment on behalf of the ocean carrier. It is basically a proof of delivery of the goods from the exporter to the pier.