Entry Documents
The documents required to complete customs entry to secure the release of imported merchandise.
ETA
The expected date and time of arrival of a carrier.
ETD
The expected date and time of departure of a carrier.
Export Broker
A firm that specializes in bringing foreign buyers and domestic sellers together for a fee but usually does not participate in the actual business transaction.
Export Duty
A tax imposed by some nations on their exports.
FCA (Free Carrier-named place)
The seller fulfils his obligation to deliver when he has handed over the goods, cleared for export, into the charge of the carrier named by the buyer at the named place or point.
First Cost
On any product bought in a foreign country on a Direct Import program this is the cost the buyer pays the manufacturer prior to any consolidation costs, ocean freight costs, duty (if applicable) and any other costs associated with bringing that product into the U.S. for resale.
Five Dragons
Term used to describe the emerging economies of Hong Kong, Singapore, South Korea, Taiwan, and Thailand.
FOB (Free On Board-named port of shipmt)
The seller fulfils his obligation to deliver when the goods have passed over the ship's rail at the named port of shipment. The buyer has to bear all costs and risks of loss or damage to the goods from that point.
Force Majeure
A condition of superior or irresistible force such as Acts of God, including earthquakes and floods, which cannot be avoided by the exercise of due care and is included in contracts to excuse parties from performance when such events occur.
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