Merchandise Processing Fee (MPF)
The Merchandise Processing Fee (MPF) is an ad-valorem fee at 0.3464% of imported goods’ value, imposed by U.S. Customs for processing of imports.
Key insights and market updates for logistics and trade.
The Merchandise Processing Fee (MPF) is an ad-valorem fee at 0.3464% of imported goods’ value, imposed by U.S. Customs for processing of imports.
A Centralized Examination Station (CES) is a private facility designated by CBP for efficient physical examination of imported or exported cargo.
Bulk cargo refers to loose and unpackaged items, including raw materials shipped in large quantities. It is categorized into liquid bulk and dry bulk.
High cube containers (HC) are 9.6‘ tall & come in 40’ or 45‘ lengths. They offer more cargo space than standard containers due to their extra height.
A Twenty-foot Equivalent Unit (TEU) is a standard metric for gauging container volume, measured in terms of 20-foot-long containers. 2 TEU = 1 FEU
Chargeable weight in freight shipping is calculated based on the greater of the shipment’s gross weight or volume, balancing space and weight costs.
The Commerce Control List (CCL) categorizes dual-use items (commercial and military-use goods) to confirm U.S. export license requirements.
Blank sailing is an ocean carrier’s intentional cancellation of a port call or voyage of a fixed rotation due to demand or operational efficiency.
Ocean freight spot rates trended up on both the China to US west coast and China to US east coast lanes in the last two weeks. Read on to learn more.
An Authorized Economic Operator (AEO) is an entity in global trade approved by Customs for meeting WCO security standards & granting customs benefits.
De Minimis exemption is a regulatory policy that exempts low-value imports from duty and tax. Check out how it works and its impact on eCommerce businesses.
An Export Control Classification Number (ECCN) classifies U.S. dual-use exports in the CCL with alpha-numeric codes, identifying licensing requirements.
Ocean freight spot rates from China to the US increased. Read on to know more about the latest freight market update.
Delivered Duty Paid (DDP) is an incoterm that outlines the seller’s obligation to cover all delivery costs, including import duties and customs taxes.
Incoterms ensure that buyers and sellers know where responsibility lies for international shipping. Read on for the latest breakdown of Incoterms 2023.