Customs Glossary
Términos técnicos de aduanas y comercio exterior
Landed Cost
Total delivered cost at destination, including product, freight, insurance, duties, taxes, and related expenses.
Packing List
Detailed breakdown of packages, weights, dimensions, and cargo contents.
Less than Container Load
Cargo that shares a container with goods from other clients.
Lead Time
Total time spanning order placement, production, shipment, and final delivery.
Import License
Prior authorization required to import certain goods.
Non-Automatic License
License subject to administrative review before import authorization is granted.
Letter of Credit
Bank commitment to make payment contingent on the compliant presentation of documents.
Extensible Markup Language
Structured format used in documents, APIs, and electronic messages.
Letter of Indemnity
Indemnity letter used to cover certain documentary or operational risks.
Free Alongside Ship
The seller delivers the goods alongside the vessel at the port of shipment.
Logistics Hub
Node for the concentration and redistribution of cargo.
Latin American Integration Association
Latin American regional body for trade agreements and trade preferences.
Laytime
Agreed time allowed for loading or unloading a vessel before demurrage is incurred.