Importing into the European Union? Here’s what you need to know about the EU single market import and customs clearance process.
Key insights and market updates for logistics and trade.
The Harbor Maintenance Fee (HMF) is a fee imposed by U.S. Customs and Border Protection (CBP) on freight shipments imported through U.S. ocean ports.
Wharfage is the cost incurred when using a wharf at a port terminal to unload freight cargo.
A general rate increase (GRI) is a market rate increase that carriers may adopt over a specific timeframe for all or certain ocean routes.
Emergency Bunker Surcharge (EBS) is introduced by ocean carriers to deal with energy price hikes that are beyond expectation.
A cargo ready date (CRD) is the date when a shipment is expected to be ready for pick up at a specified location.
A single customs bond is a type of one-off entry custom bond that acts as a legal contract to guarantee all import duties, taxes, and fees are paid.
A container yard (CY) cut-off date is the last day that the shippers must gate-in their loaded containers before any scheduled departure.