feedback
Enter marine-related query and AI bot will look for best match in our DB.
 

The worth of an item or group of items expressed in a monetary amount, within a consignment declared to Customs for duty and statistical reasons.



Related Terms

HARMONIZED SYSTEM OF CODES (HS)

An international goods classification system for describing cargo in international trade under a single commoditycoding scheme. Developed under the auspices of the Customs Cooperations Council (CCC), an international Customs organization in Brussels, this code is a hierarchically structured product nomenclature containing approximately 5,000 headings and subheadings. It is organized into 99 chapters arranged in 22 sections. Sections encompass an industry (e.g., Section XI, Textiles and Textile Articles); chapters encompass the various materials and products of the industry (e.g., Chapter 50, Silk; Chapter 55, Manmade Staple Fibers; Chapter 57, Carpets). The basic code contains fourdigit headings and sixdigit subheadings. Many countries add digits for Customs tariff and statistical purposes. In the United States, duty rates will be the eightdigit level; statistical suf xes will be at the tendigit level. The Harmonized System (HS) is the current U.S. tariff schedule (TSUSA) for imports and is the basis for the tendigit Schedule B export code.

CUSTOMS

A duty or tax on imported goods. The U.S. Customs Department also works to prevent the importation of illegal drugs and contraband.

DUTIABLE VALUE

The amount on which an Ad Valorem or customs duty is calculated.

HS

Harmonized System of Codes - an international goods classification system for describing cargo in international trade under a single commoditycoding scheme. Developed under the auspices of the Customs Cooperations Council (CCC), an international Customs organization in Brussels, this code is a hierarchically structured product nomenclature containing approximately 5,000 headings and subheadings. It is organized into 99 chapters arranged in 22 sections. Sections encompass an industry (e.g., Section XI, Textiles and Textile Articles); chapters encompass the various materials and products of the industry (e.g., Chapter 50, Silk; Chapter 55, Manmade Staple Fibers; Chapter 57, Carpets). The basic code contains fourdigit headings and sixdigit subheadings. Many countries add digits for Customs tariff and statistical purposes. In the United States, duty rates will be the eightdigit level; statistical suf xes will be at the tendigit level. The Harmonized System (HS) is the current U.S. tariff schedule (TSUSA) for imports and is the basis for the tendigit Schedule B export code.

IN BOND

Cargo moving under customs control where duty has not yet been paid.

RESCUE TEAM

A group of crew members standing by in case of an emergency in order to assist other teams in action if necessary

IMO-Class

Group of dangerous or hazardous goods, harmful substances or marine pollutants in sea transport as classified in the International Dangerous Goods Code (IMDG Code)

CONVOY

A group of vessels which sail together, e.g. through a canal or ice

CIRCULATING LUBRICATION

A system of lubrication in which the lubricant, after having passed through a bearing or group of bearings, is recirculated by means of a pump.

FIRE PARTY

A group of crew members trained for fire fighting on board

Related questions

MarineProHelp 2018 - 2020

First time here? Check out the FAQ!

If you've arrived to new location and wonder how to dress comfortably according to weather, check Comfiesto

×