Logistics

Bunker Adjustment Factor (BAF) represents the adjusted price level of fuel in ocean freight shipping, and is updated on a quarterly basis.

Bonded goods refers to shipments with unpaid customs fees that are stored in customs-controlled warehouses until the shipments are cleared.

Yard storage refers to the storage of containers kept in a trucker’s fenced yard rather than a terminal.

The U.S. Customs and Border Protection (CBP) is an agency of the Department of Homeland Security that oversees foreign trade and travel into the U.S.

The U.S. Trade Representative (USTR) is a public official responsible for overseeing American international negotiations on foreign trade, commodities, and direct investment policy.

Customs exam may be applied to any import cargo based on a targeting system of the U.S. Customs and Border Protection (CBP) that marks which cargo will be subjected to additional inspection.

An intensive customs exam is a physical exam conducted in a centralized examination station (CES) by officers of the U.S. Customs and Border Protection (CBP).

A customs exam fee is a processing fee incurred when a shipment is detained for a customs examination process.

A bonded warehouse is a customs-controlled facility to store goods with unpaid duties until they are paid or until they can be legally released.

Customs Trade Partnership Against Terrorism (CTPAT) is a U.S. Customs and Border Protection program to improve the security of global supply chain networks.

A residential delivery fee may be charged by a trucker for delivery to a residential location.

A bobtail fee is incurred if a trucker drops the FCL container to the warehouse and returns later to pick up the empty container.

A liftgate fee is typically charged by a trucker for delivery to a location where a liftgate service is needed due to a lack of a loading dock.

A truck waiting fee is chargeable by a trucker if it takes longer than the typical free 1-2 hours waiting time to pick up or unload a full container.

A customs hold happens when the local customs authorities detain the goods imported into a country in order to check for compliance with the relevant shipping laws.