Ocean shipping

Ocean shipping

Relating to the transportation of goods across an ocean or sea.

Industry: Maritime; Transportation

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Ocean shipping

customs

Transportation; Ocean shipping

The government service which is responsible for the administration of Customs law and the collection of duties and taxes relating thereto, and which has responsibility for the application of other ...

customs bonded warehouse

Transportation; Ocean shipping

A warehouse authorized by Customs to receive duty–free merchandise.

customs entry

Transportation; Ocean shipping

All countries require that the importer make a declaration on incoming foreign goods. The importer then normally pays a duty on the imported merchandise. The importer’s statement is compared against ...

customhouse

Transportation; Ocean shipping

A government office where duties are paid, import documents filed, etc., on foreign shipments.

customhouse broker

Transportation; Ocean shipping

A person or firm, licensed by the treasury department of their country when required, engaged in entering and clearing goods through Customs for a client (importer).

countervailing duty

Transportation; Ocean shipping

An additional duty imposed to offset export grants, bounties or subsidies paid to foreign suppliers in certain countries by the government of that country for the purpose of promoting export.