by Alex Pappas | May 31, 2019 | Compliance, Freight Forwarder, Logistics, Supply Chain Dictionary
Anatomy of an HTS Code HTS is the abbreviation for Harmonized Tariff Schedule. The HTS is a master list of 10-digit codes that classifies internationally traded goods. It was developed in 1988 by the World Customs Organization – not only to determine the duty...
by Corina Meoño | Apr 26, 2019 | Compliance, Logistics, Supply Chain Dictionary
Imagine for a moment your freight has arrived at the port. Five days have passed, and your cargo still has not left the terminal. What could have happened? Poor communication and coordination, disputes, and lack of contingencies could explain the delay. Other than the...
by Alex Pappas | Mar 25, 2019 | Air Freight Forwarding, Compliance, Supply Chain Dictionary
The Known Shipper Management System (KSMS) is a program the Transportation Security Administration (TSA) uses to qualify shippers to load cargo on passenger planes in the U.S. The purpose of the KSMS is to enhance international and domestic airline safety and...
by Alex Pappas | Feb 19, 2019 | Compliance, Freight Forwarder, Logistics, Supply Chain Dictionary
Boasting the 2nd largest economy and leading the world in exports, China has become the preferred source of supply for many US importers. So why do they flock to Asia? However, sourcing in China can be a challenging assignment. Language barriers and other cultural...
by Alex Pappas | Mar 9, 2018 | Supply Chain Dictionary
Definition The Harbor Maintenance Fee (HMF) is a fee imposed by U.S. Customs and Border Protection (CBP) for U.S. imports shipped via ocean freight. It is charged at 0.125% of the value of the commercial cargo shipped through identified ports. The HMF is deposited...
by Alex Pappas | Mar 9, 2018 | Supply Chain Dictionary
Definition The Merchandise Processing Fee (MPF) is a fee imposed by U.S. Customs and Border Protection (CBP) for most U.S. imports. The MPF is charged at 0.3456% of the value of the merchandise being imported. There is a minimum fee of $25 and a maximum of $485 for...
