Customs Glossary
Términos técnicos de aduanas y comercio exterior
Tariff Preference
Tariff reduction or elimination granted under a specific agreement or special regime.
Tariff Classification
Process of assigning the correct tariff code to a commodity.
Customs Transit
Movement of goods under customs control between two points without definitive nationalization.
Terminal Handling Charge
Charge for the handling of containers at the terminal.
Twenty-foot Equivalent Unit
Standard unit of measurement equivalent to one 20-foot container.
Trade Facilitation Agreement
WTO agreement to streamline customs clearance, transparency, and border cooperation.
Trading Company
Company that buys, sells, or intermediates international trade operations.
Tariff
Duty applied to imports or exports, usually based on tariff classification.
Temporary Admission
Temporary entry of goods with total or partial suspension of duties under specific conditions.
Tarif Intégré de la Communauté (TARIC)
Integrated tariff database of the European Union.
Tariff Rate Quota (TRQ)
Import volume eligible for a preferential tariff rate; quantities outside the quota are subject to a different rate.
Carrier
Actual or contractual carrier responsible for the movement of cargo.
Transshipment
Transfer of cargo from one vessel or mode of transport to another during transit.
Trade-Related Aspects of Intellectual Property Rights (TRIPS)
WTO agreement on intellectual property rights in the context of international trade.
Telegraphic transfer
International payment made via bank wire transfer.
Telex Release
Electronic release of the B/L authorized at origin, allowing cargo delivery without physical originals.
Carriage Paid To
The seller pays freight to the agreed destination; risk transfers upon delivery to the first carrier.
Carriage and Insurance Paid To
The seller pays freight and insurance to the agreed destination; risk transfers upon delivery to the first carrier.