Logistics

Key insights and market updates for logistics and trade.

 HTS Codes

HTS (Harmonized Tariff Schedule) codes are goods classification codes used by U.S. customs and members of the World Customs Organization to classify goods for customs clearance.

Demurrage

Demurrage is a fee charged by ports or ocean carriers on shippers whose containers remain in the port terminal beyond a container’s designated free time.

Detention

Detention is a fee charged by the ocean carriers when a container is kept outside of the port terminal and not returned during its free time.

Rolled Cargo

Rolled cargo describes shipments that were not loaded onto a vessel or cargo plane because of a variety of issues such as overbooking, lack of capacity or late customs clearance.

Customs Entry

A customs entry is a declaration made to a local customs authority by a licensed customs broker for the customs clearance of imports and exports.

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