Custom Clearance Broker in Otay

Custom clearance broker in Otay facilitates the shipping of goods across the border. Importation and exportation involve complicated procedures and myriad rules and regulations. To get a handle on some of the terms used, here is a brief, and certainly not exhaustive, glossary of some of the most common terms used in the customs industry.

Cargo Insurance. This is a fee that covers the cost of insurance for the importer’s freight. This is also referred to as “property casualty insurance.” or sometimes, “marine cargo insurance” even though it covers cargo shipped by other modes of transportation.

Commercial Invoice. This is the detailed document from seller to buyer that contains all information regarding the shipment – price, description, terms of sale, delivery address, part numbers, and more. A customs clearance broker in Otay would have extensive experience with these documents.

Customs Bond. This type of bond guarantees to Customs that an importer will pay all taxes, duties, and fees associated with a shipment. A Continuous Bond is a type of customs bond that can be purchased annually and will cover all shipments for the importer of record.

Entry. This is the documentation required by the Customs and Border Protection (CBP) that secures the release of imported merchandise from CBP custody. “To make entry” means to file the correct documentation. This is one of the services that a custom clearance broker in Otay provides for their clients.

Free Zone. This is an area within a country, such as an airport, a seaport, or warehouses in a designated area, that are regarded as being outside the customs area. Goods may be brought into these areas without paying customs taxes and duties.

Landed Costs. These are the total costs of a shipment delivered to a specific location – it is the total of the cost of goods plus the cost of transportation.

Personal Effects Entry. This is a type of shipment where a customer is moving their personal effects to the United States. If this type of entry is claimed, the goods cannot be given away or sold for a period of one year subsequent to the date of importation.

Pro-forma Invoice. This is an invoice provided by a supplier of goods that is given prior to the shipment of the cargo. It provides the quantity, types, and value of goods to be shipped. A custom clearance broker in Otay would understand the importance and the value of this document.

Warehouse Entry. If cargo does not have to be used immediately after importation, it can be stored in a bonded warehouse for a period of time without paying taxes and fees.

The customs business is filled with regulations, rules, codes, and unfamiliar terminology – this list is only a very small sample of some of the common terms. Businesses should not try to import goods without the help of an expert. A custom clearance broker in Otay will understand these terms and help your business get through customs quickly and correctly.

Custom Clearance Broker in Otay