Country of Exportation
The country from which goods are shipped with intention to separate them from the mass of goods in that country.
Country of Origin
The country in which goods were produced, mined, grown or manufactured.
Date Draft
A draft which matures a specified number of days after the date it is issued.
Date of Issue
The arbitrary date on a contract or on a financial instrument fixed as the date from which the term runs. (Neither the actual date on the instrument, nor the date the instrument was actually signed, nor the date the instrument was executed, nor the date the instrument was delivered, are considered to be the "Date of issue" or the "issuance date".)
Declared Value for Customs
The value of a shipment according to the customs laws of the destination country required to be declared by the shipper on the shipping documents or by the importer when he presents the goods for customs clearance.
Direct Import
The process whereby an individual, or a company buys a product that is made in a foreign country. In stead of making the purchase and taking delivery in the U.S. the customer agrees to take title to the product in the foreign country where it is made, at a lower price than would have been paid had the purchase occurred in the U.S. The buyer is then responsible for arranging the shipment of the product to the U.S., any duty associated with the product and clearing the product through U.S. Customs upon arrival in the U.S.
Dutiable List
The list of Items in a country's tariff schedule on which it charges import duty.
Duty
A tax levied by a government on the import or export of goods. (Note: The U.S. Constitution forbids the levying of taxes by the U.S. on exports. However, most foreign governments do not have this restriction,)
Electronic Commerce
A system of integrated communications, data management, and security services that allow business applications within different organizations to automatically interchange information.
Electronic Data Interchange (EDI)
Electronic transmission of data and information according to particular protocols .
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