Glossary - Farrow | Customs Brokerage and Trade Consulting

A.T.A. Carnet

The A.T.A. (Admission Temporaire – Temporary Admission) Carnet is an international customs document customs document designed to simplify and streamline the transit of goods and the temporary importation procedures between signatory countries.

Abandon to the Crown

The act of relinquishing ownership of goods to CBSA for destruction or disposal, in lieu of payment of duty and taxes . Course of action that may be taken subsequent to seizure or similar CBSA action.

Account for

To provide a report of imported goods to CBSA under section 32 of the Customs Act.

ACROSS – Accelerated Customs Release Operations Support System

The computerized system that enables shipment release information to be transmitted electronically to CBSA.

Ad Valorem Rate of Duty

Duty calculated as a percentage of the value for duty of the goods being imported.

ADD – Anti-Dumping Duty

An additional duty levied under the Special Import Measures Act to protect domestic producers by offsetting the potentially damaging effects of goods being sold to importers in Canada or the United States at prices lower than the cost of production, below the selling price in the country of export or at unprofitable prices.

ADR

International and European contract for hazardous goods transports on the road.

Advance Ruling

Advance rulings are a written statement on the tariff classification of a product, issued by the CBSA under paragraph 43.1(1)( c) of the Customs Act

AIRPARS – Air Pre-Arrival Review System

A CBSA Line Release program in effect at international airports which allows for submission of release information to Customs prior to the actual arrival of the shipment.

Airway Bill (AWB)

A shipping document used by the airlines for air freight.

Amending Entry

Adjustment process to correct errors on a B3 Entry when additional duties and taxes are payable or when the correction is “revenue neutral” (no additional payment results). See also Refund. A properly completed form B2 Canada Customs Adjustment Request form must be submitted within specified time limits.

AMPS – Administrative Monetary Penalty System

A civil penalty regime that seeks to secure compliance with customs legislation through the application of monetary penalties.

AMS (Automated Manifest Systems)

An AMS controls imported merchandise from the time a carrier’s cargo manifest is electronically transmitted to Customs until control is relinquished to another segment of the Automated Commercial System (ACS).

Annex Code

A four digit code used under specific qualifying conditions. It is added to the H.S. Code. Annex Codes are also known as Tariff Codes and provide relief of duty under qualifying conditions.

Appeal

A fair redress and dispute resolution process provided to clients on tariff classification, value for duty, origin, advanced rulings, marking decisions and enforcement actions.

Assists

Y/N field to indicate if the vendor has received assistance in producing the items being exported to Canada (eg: Moulds or Design work provided by the importer at no cost).

B Rate

A class code indicating Basic Charge as used in the rate class box of the AWB.

B2 (B2A or B2R)-Canada Customs Adjustment Request Form

CBSA form used to make adjustments to B3 Entries (e.g., claim refunds of duties paid at the time of importation, file appeals under the Customs Act or other legislation and to amend B3 entry documents).

B3-Canada Customs Coding Form

The primary CBSA Import Entry Coding Form, also referred to as an “Accounting document” or more simply, “entry”. This form details all applicable information related to an import transaction (e.g., tariff classification, tariff treatment, country of origin, quantity, value, applicable duties, taxes, etc.). In reality we no longer submit a hard-copy B3 to CBSA, but instead, transmit all of the data electronically. A hard-copy may be printed for billing and client information purposes however.

BIS – Border Information Services

An automated, 24/7 telephone service operated by CBSA that answers incoming calls and provides general customs information.

BN – Business Number

In order to streamline the processing of import transactions, all businesses dealing with the Canada Revenue Agency (CRA) and Canada Border Services Agency (CBSA) are required to have a Business Number. To obtain a BN, call 1-800-959-5525 (or 613-941-0100 if calling from outside Canada).

Bonded Carrier

A carrier who has posted security with the CBSA and who is permitted to transport, under CBSA control, between points in Canada, dutiable goods upon which duty has not yet been paid.

Bonded Warehouse

A place licensed by the Minister where non-duty paid goods may be placed for storage.

BSO – Border Services Officer

A CBSA officer who is responsible for determining the admissibility of persons and/or goods into Canada.

C Rate

A class code indicating SCR as used in the rate class box of the AWB.

C-TPAT

The Customs-Trade Partnership Against Terrorism (C-TPAT) is a voluntary, joint effort between the United States government and businesses involved in importing goods into the United States. Companies who achieve C-TPAT certification must have a documented process for determining and alleviating risks throughout their international supply chain. This allows companies to be considered low risk, resulting in expedited processing of their cargo, including fewer Customs examinations. Learn more about CTPAT

CADEX – Customs Automated Data Exchange

A computer network that enables customs brokers and importers to transmit entry data including duty and tax information to CBSA electronically.

CAF (Currency Adjustment Factor)

A freight surcharge or adjustment factor imposed by an international carrier to offset foreign currency fluctuations.

Carrier

An individual, partnership, or corporation engaged in the business of transporting goods or persons.

Cash Discount

A discount frequently offered to purchasers in exchange for prompt payment of invoices. May be deducted from the Value for Duty when the discount is taken.

CBSA – Canada Border Services Agency

The Government Agency mandated to control the import and export of goods into and out of Canada and to protect the health and safety of Canadians. Often referred to as Canada Customs.

CCD – Cargo Control Document

This document is used to report cargo being imported to CBSA and, to some extent, replicates information found on the truck bill of lading, airway bill or ocean bill of lading. It is no longer mandatory in all situations.

CCI – Canada Customs Invoice

A form which details all shipment information pertinent to the CBSA. While use of the actual form is no longer mandatory, all data elements included in the CCI is mandatory for shipments valued at over $1,600 (Canadian Funds). You can obtain a copy of the form online from our Download Center.

Certificate of Origin

Form required when claiming a preferential tariff treatment. Must be completed by the exporter of the goods.

CFR (Cost and Freight)

The seller/exporter/manufacturer clears the goods for export and delivers them on board the ship at the port of shipment. This is where the risk passes from the seller to the buyer.

CI – Commercial Invoice

For shipments valued up to $1,600 (Canadian Funds), CBSA will accept the shipper’s own commercial invoice document. Also referred to sometimes as a “Pro Forma Invoice”. As long as it contains all the required data elements, the CI may also be used in place of or to supplement the CCI. Note: Depending on the context, the term “CI” may also refer to Customs Inspector.

CIF (Cost, Insurance, Freight)

The seller/exporter/manufacturer clears the goods for export and delivers them on board the ship at the port of shipment where the risk passes from the seller to the buyer.

CIP (Carriage and Insurance Paid)

The seller/exporter/manufacturer clears the goods for export and is responsible for delivering goods to the carrier at an agreed upon place of shipment (not the destination).

CITT – Canadian International Trade Tribunal

An independent administrative tribunal that holds hearings, and issues decisions, relating to appeals under section 67 of the Customs Act.

Classification Number

A 10-digit number, assigned to goods enumerated in the Customs Tariff that identifies imported goods. The first six digits represent the International Harmonized System (HS) Code, the seventh and eighth digits are subdivisions for customs purposes, and the remaining two digits represent a statistical suffix used by Statistics Canada. See also HS.

Commercial Goods

Goods imported into Canada for sale or for any commercial, industrial, occupational, institutional, or other similar use.

Compliance Verification

The term designated by CBSA for their compliance audit processes.

Container

A container is an ISO standardized utility designed especially for the transportation of goods with several means of transportation without transshipment.

Countervailing Duty

A duty levied under the Special Import Measures Act on subsidized goods where it has been determined that importing such subsidized goods has caused, is causing, or is likely to cause material injury to the production in Canada of like goods.

Courier

A commercial carrier that is engaged in the scheduled international transportation of shipments of goods other than goods imported by mail.

CPT (Carriage Paid To)

An international trade term of sale in which, for the quoted price, the seller/exporter/manufacturer clears the goods for export, delivers them to the carrier, and is responsible for paying for carriage to the named place of destination.

CRA – Canada Revenue Agency

The Government Agency mandated to collect taxes.

CSA – Customs Self-Assessment

CBSA streamlined accounting and payment program in which approved applicants who have made an investment in business systems and customs compliance, account for their goods using their own business systems to initiate trade data reports and self-assess duties and taxes owing.

Customs Duty

Duties imposed on goods at the rates specified in the Customs Tariff. See also Excise duty.

DAS – Detailed Adjustment Statement (B2-1)

A form generated by CBSA to adjust commodity information originally reported to CBSA (e.g., a change in tariff classification or valuation of imported goods). DAS’s may be “revenue” or “non-revenue” types depending on whether additional duties and/or taxes are determined to be owed to CBSA.

DAT (Delivered at Terminal)

The seller/exporter/manufacturer clears the goods for export and is responsible for their delivery to the named terminal port or place of destination.

DDP (Delivered Duty Paid)

An international trade term of sale in which for the quoted price, the seller/exporter/manufacturer clears the goods for export and is responsible for making them available to the buyer at the named place of destination.

DDU (Delivered Duty Unpaid)

An international trade term of sale in which, for the quoted price, the seller/exporter/manufacturer clears the goods for export and is responsible for making them available to the buyer at the named place of destination, not cleared for import.

Delivered Ex Ship

The seller/exporter/manufacturer is responsible for making their goods available to the buyer at the named port of destination, not cleared for import. The seller is thus responsible for all costs of getting the goods to the named port of destination prior to unloading.

DEQ (Delivered Ex Quay)

An international trade term of sale in which, for the quoted price, the seller/exporter/manufacturer clears the goods for export and is responsible for making it available to the buyer on the quay, not cleared for import.

DPV – Duty Paid Value

The value at which applicable GST (or HST) is calculated. DPV is the aggregate of the value of the goods in Canadian funds, plus applicable Canadian import duties and any anti-dumping or countervailing duty assessment.

Drawback

A special CBSA program to refund duties paid under certain conditions, most commonly subsequent to the export of goods. See also duty deferral.

Duties Relief Program

The Duties Relief Program allows for the relief of the payment of duties on imported goods that will eventually be re-exported. There is an application process and specific criteria must be met in order to qualify.

Duty Deferral

Relief from the payment of most duties paid on imported goods that are ultimately exported, whether or not further manufactured in Canada. Part of the Duties Relief Program.

E Rate

A class code indicating over pivot rates as used in the rate class box of the AWB.

E29B – Temporary Admission Permit

CBSA document used to report and control goods which enter Canada on a temporary basis and qualify under the Temporary Import Regulations. Also be referred to informally as a Temporary Entry.

ECO – Exporter’s Certificate of Origin (See Certificate of Origin)

Moved to Certificate of Origin. The document used to certify the origin of products under the North American Free Trade Agreement (NAFTA) and other Free Trade Agreements. A properly completed NAFTA or other FTA certificate verifies the country of manufacture of the goods being shipped, thereby allowing for preferential duty treatment. You can obtain a copy of the form online from our Download Center.

EDI – Electronic Data Interchange

The computer-to-computer transmission of information between shippers, importers, brokers, carriers and CBSA. The scope of EDI is broad and its application in the customs environment is continually expanding.

EFTA (European Free Trade Association)

A regional trade organization established in 1960 by the Stockholm Convention, as an alternative to the Common Market.

End Use Program

Allows for a reduction of the duty rate on goods imported for a specific use.

Excise Duty

A duty levied on spirits, wine, beer and tobacco products under the authority of the Excise Act and the Excise Act, 2001.

Excise Tax

A tax levied on certain petroleum products, heavy automobiles and air conditioners designed for automobiles.

Exporters Statement of Origin

A component of the GPT. This statement may be used in place of the Form A Certificate of Origin.

EXW (Ex Works)

Loading and carriage of the goods from the named place of delivery are arranged by the buyer.

FAK (Freight All Kinds)

A carrier’s rate classification that usually refers to a consolidated cargo shipment where items of different classes (weight, bulk or value) are shipped in a single container, but charged at a single rate.

FAS (Free Along Ship)

An international trade term of sale in which, for the quoted price, the seller/exporter/manufacturer clears the goods for export and then places them alongside the vessel at the named port of shipment.

FAST – Free & Secure Trade

A joint Canada-United States initiative that allows pre-approved importers, carriers, and registered drivers to move pre-approved eligible goods across the border quickly.

FCA (Free Carrier)

The seller/exporter/manufacturer clears the goods for export and delivers them to the carrier specified by the buyer at the named place of delivery.

FIRST – Frequent Importer Release System

An expedited CBSA Line Release system designed for use by importers with a high volume of low risk shipments (e.g., bulk commodities).

FOB (Free On Board)

The seller/exporter/manufacturer is responsible for the costs and risks of delivering the goods past the ship’s rail at the named port of shipment.

FTA – Free Trade Agreement

Canada has entered into several agreements that allow for the duty-free importation of certain goods imported from specific countries, including Canada-Chile Free Trade Agreement (CCFTA); Canada-Costa Rica Free Trade Agreement (CCRFTA); Canada-Israel Free Trade Agreement (CIFTA); North American Free Trade Agreement (NAFTA); Canada-Peru Free Trade Agreement (CPFTA) among others.

GAA – General Agency Agreement

A legal document provided by an importer to a Customs Broker authorizing the broker to represent the importer in matters relating to Customs and Excise. Also referred to as a Power of Attorney or “PA” form.

GATT (General Agreement on Tariffs and Trade)

Both a multilateral trade agreement aimed at expanding international trade and the organization which oversees the agreement.

GATT – General Agreement on Tariffs & Trade (See WCO)

See WCO

GBL (Government Bill of Lading)

A special bill of lading used for shipments made by the US government.

General Tariff

Goods imported from the few countries that are not members of the WCO, or from countries with which Canada has no other trade agreement, are subject to a 35% duty under the General Tariff.

GIP – General Import Permit

Authorization to import, controlled goods that are included in the Import Control List, without the requirement for an individual import permit from Foreign Affairs and International Trade Canada.

GIR – General Interpretative Rules for the Harmonized System

The rules governing the classification of all goods in the Harmonized System.

GPT – General Preferential Tariff

A special tariff provision where qualifying goods, exported to Canada from developing nations, may be subject to reduced rates of duty.

GST – Goods & Services Tax

Federal sales tax levied on a “value-added” basis on most goods and services, including goods imported into Canada. Also see HST and DPV.

HS – Harmonized Commodity Description and Coding System

The Harmonized System is an international customs classification system now used by most trading nations throughout the world including Canada, the United States and Japan. It is administered by the World Customs Organization (WCO). The first six digits of the HS number classify the goods internationally (e.g., 8471.50) and the remaining digits provide classification information within the importing country (i.e., for statistical or duty assessment purposes). Also referred to as the Tariff Item; HS; HS Code.

HST – Harmonized Sales Tax

The combination of Provincial and Federal Sales Taxes (PST and GST) in certain provinces. This tax does not apply to commercial goods at the time of importation but may apply to certain services when provided in participating Provinces (Ontario, British Columbia, Newfoundland & Labrador, Nova Scotia, New Brunswick). The rate of HST applicable varies by Province.

HVS – High Value Shipment

An import shipment valued at over $1,600 (Canadian Funds).

IATA (International Air Transport Association)

A trade association serving airlines, passengers, shippers, travel agents and governments.

Incoterms

Incoterms make international trade easier and helps traders in different countries to understand one another. These standard trade definitions that are most commonly used in international contracts are protected by ICC Copyright.

INPARS – Inland Pre-Arrival Review System

A CBSA Line Release program utilized at inland sufferance warehouse locations.

IT or ITB – In-Transit Bond

Security posted with U.S. Customs to cover the movement of cargo “in bond” from one location to another when the ultimate destination is other than the United States (e.g., goods moving under Customs control from Mexico to Canada through the U.S.A.).

ITC – Input Tax Credit

A tax rebate claimed by businesses that are GST registrants for the GST or HST paid or payable on goods and services. Administered by the CRA.

JIT – Just In Time (Manufacturing)

Management theory predicated on the reduction of stored inventory (i.e., “producing the required items, at the required quality and in the right quantities at the precise time as they are required.”). The prevalence of JIT manufacturing has highlighted the need for fast, increasingly efficient release and clearance processes (especially involving EDI).

K Rate

A class code indicating rate per kilogram as used in the rate class box of the AWB.

K14

CBSA form number for high-level appeals made to the President of the CBSA (i.e., requests for redetermination of tariff classification or reappraisal of value).

K84

The form number of the accounting statement issued by CBSA and used by customs brokers to reconcile their consolidated remittance of duties and taxes.

L/C (Letter of Credit)

A document issued by a bank stating its commitment to pay someone (supplier/exporter/seller) a stated amount of money on behalf of a buyer (importer).

LDCT – Least Developed Country Tariff

A tariff treatment accorded to countries identified by the United Nations as requiring special attention due to their economic status.

LTL – Less Than Truckload

Most road freight shipments transported by common carriers are LTL. The term LCL similarly applies to ocean freight shipments that are “Less than Container Load”.

LVS – Low Value Shipment

Also referred to as Courier Low Value Shipments. CBSA entry program that provides expedited processing of courier shipments valued at under $2,500 (Canadian Funds).

M Rate

A class code indicating minimum charges as used in the rate class box of the AWB.

Manifest

A manifest acts as the initial record of a shipment arrival into Canada and enables the CBSA to control the movement of goods being imported and exported. (see also Cargo Control Document)

Marking (of Imported Goods)

Certain goods, identified under section 19 of the Customs Tariff, must be marked indicating country of origin. Marking refers to country of origin and should not be confused with labelling that refers to consumer packaging and labelling.

MFN – Most Favoured Nations (Tariff)

Goods imported into Canada from all other countries are subject to the MFN tariff treatment (unless they also qualify for preferential tariff treatment under a free trade agreement such as NAFTA).

MPF – Merchandise Processing Fee

This is a user-fee levied by U.S. Customs on each shipment imported into the United States. Under NAFTA, the MPF does not apply however.

MT – Mexico Tariff

The preferential tariff treatment extended to goods originating in Mexico and that satisfy the North American Free Trade Agreement origin requirements.

MUST – Mexico-United States Tariff

The NAFTA preferential tariff treatment extended to commercial goods produced jointly in Mexico and the United States.

N Rate

A class code indicating the 1kg general cargo rate, as used in the rate class box of the AWB.

NAFTA – North American Free Trade Agreement

A trilateral Free Trade Agreement implemented on January 1, 1994 between Canada, the United States and Mexico to phase out duty on most goods within a 10 year period. In order for an importer to claim the benefits of NAFTA tariff preference, the exporter must provide a NAFTA Certificate of Origin for products that qualify under the particular “Rules of Origin” applicable to the good(s) in question. You can obtain a copy of the entire NAFTA online from our Download Center.

NES (Not elsewhere)

Not elsewhere specified indicates that certain types of that commodity have been specified under another item number.

OBL – Ocean Bill of Lading

See BOL – Bill of Lading

OGD – “Other Government Departments”

Term used to refer to government departments other than CBSA (e.g., CFIA – Canadian Food Inspection Agency) that impose import restrictions or documentation requirements that are administered by CBSA at the time of importation of certain goods.

OIC – Order In Council

A legal instrument made by the Governor in Council pursuant to a statutory authority or, less frequently, the royal prerogative.

PA – Power of Attorney

See GAA – General Agency Agreement

PARS – Pre-Arrival Release System

Customs Line Release system used to clear goods prior to their arrival in Canada.

Partners in Protection (P.I.P.)

Partners in Protection (PIP) is a Canada Border Services Agency (CBSA) voluntary program that enlists the cooperation of private industry to enhance border and trade chain security, combat organized crime and terrorism and help detect and prevent contraband smuggling. Member companies are recognized as being trusted traders, which allows the CBSA to focus its resources on areas of higher or unknown risk.

PIL – Primary Inspection Line

The point at which a person entering Canada makes a report of his or her person and goods.

POD (Port of Discharge)

The port at which a shipment is off-loaded by a transportation line, not to be confused with destination which may be a point further inland.

POL (Port of Loading)

The port where cargo is loaded on board a vessel.

Price Paid or Payable

The aggregate of all payments made or to be made, directly or indirectly, in respect of the goods by the purchaser to or for the benefit of the vendor.

Primary Officer

See BSO

Prohibited Goods

Goods that cannot be legally imported into Canada under any circumstances.

Provisional Duty

Duty levied under the Special Import Measures Act when a preliminary decision is issued by the CBSA on the dumping or subsidizing of imported goods.

Q Rate

A class code indicating the quantity 45kg (100lb) and over rate as used in the rate class box of the AWB.

R Rate

A class code indicating that a reduced class rate has been applied as used in the rate class box of the AWB.

Refund Claim

An importer may request a refund of duties and taxes on commercial goods including SIMA duties, GST and/or HST paid. A properly completed form B2 Canada Customs Adjustment Request form must be submitted within specified time limits. Although refunds of GST/HST are indicated on B2 Forms, tax rebates are excluded from the CBSA B2 Program.

Release

Authorization to remove goods from a CBSA office, a sufferance warehouse, a bonded warehouse, or a duty free shop for use within Canada.

Remission

Relief of all or a portion of duties under specified conditions under section 115 of the Customs Tariff or section 23 of the Financial Administration Act

RIV – Registrar of Imported Vehicles

The company contracted by Transport Canada to establish and operate a national program of vehicle inspection and certification.

RMD – Release on Minimum Documentation

Customs release which is obtained by importers or brokers with financial security on file with Revenue Canada, by initially submitting minimum documentation (i.e., a cargo manifest, commercial invoice and/or CCI, along with any permits or certificates required by other government departments)

Royalty

An amount often charged for the use of a trade name or brand.

Ruling

See Advance Ruling

S Rate

A class code indicating that a surcharged class rate has been applied as used in the rate class box of the AWB.

SDR (Special Drawing Rights)

Reserve assets of the member states of the International Monetary Fund, for which they can draw an amount of SDRs proportional to their predetermined quota in the IMF.

Security

An amount of money or bond posted to guarantee the payment of duties and taxes owing on imported goods.

SIMA–Special Import Measures Act

The legislative authority to take retaliatory action against goods which are determined to have been “dumped” or “subsidized” by levying anti-dumping or countervailing duties. See ADD–Anti-Dumping Duty

SLI (Shipper’s letter of instruction)

A form used by a shipper to authorize a carrier to issue a bill of lading or an air waybill on the shipper’s behalf.

Specific Duty

A rate of duty expressed in dollars or cents per unit of measure.

Statement of Origin

The Statement of Origin is used to claim NAFTA Preference on goods valued at less than CA$1600 when completion of a formal NAFTA Certificate of Origin is not required.

Sufferance Warehouse

A privately owned and operated facility licensed by the CBSA for the control, short-term storage, and examination of in-bond goods until they are released by CBSA or exported from Canada.

Surtax

An additional duty imposed as an emergency measure of a temporary nature, usually on imported goods causing or threatening serious injury to Canadian producers of like or directly competitive products.

Tariff Item

See HS

Tariff Treatment

The tariff or trade agreement code under which goods are entered into Canada is also used to determine which rate of duty is applied (e.g., MFN (Most Favoured Nation) – 02; NAFTA (USA) – 10; GPT (General Preferential Tariff) – 09).

THC (Terminal Handling Charges)

Fees charged by ocean carriers (shipping lines) and paid by shippers (manufacturers, importers, exporters) for moving containers between container terminals and ships (on loading and offloading).

TIB – Temporary Import Bond

U.S. Customs permits relieve of import duties for particular goods imported into the United States on a temporary basis. The goods must be exported under Customs supervision within a prescribed timeframe however, otherwise the full amount of applicable duties must be paid. This should not be confused with an IT entry however.

Transaction Number

A unique 14-digit number in bar-code format that is a mandatory data element on all B3 Entries.

Transshipment

Movement of goods exported from one country through another country to their ultimate destination.

TRQ – Tariff Rate Quota

An import quota which defines the application of different tariffs, the lower rate applying until the specified volume is reached, the higher rate thereafter.

U Rate

A class code indicating ULD Basic rate or charge as used in the rate class box in the AWB.

UNCTAD (United Nations Conference of Trade Development)

UNCTAD was set up in December 1964 as a permanent or gan of the UN General Assembly.

United States Tariff (UST)

A preferential tariff treatment extended to goods that originate in the United States and that satisfy the NAFTA rules of origin.

US-CBP – United States Customs & Border Protection

U.S. federal agency responsible for administration and enforcement of all U.S. regulatory requirements applicable to the import and export of goods to or from the United States.

Valuation

The appraisal of the value of imported goods by CBSA for the purpose of determining the amount of duty payable.

VFCC – Value for Currency Conversion

The value of imported products in the currency of sale (subject to any applicable additions or deductions) prior to conversion into Canadian funds.

VFD – Value for Duty

VFT – Value for Tax

VI – Value Included

Generally, a shipment of goods which arrives in Canada subsequent to the main consignment that was reported to Customs (e.g., a missing box which arrives after the shipment has cleared, but which has already been accounted for).

W Rate

A class code indicating an additional weight charge as used in the rate class box of the AWB.

WCO – World Customs Organization

Formerly referred to as GATT (General Agreement on Tariffs & Trade), the WCO administers a multilateral trade agreement designed to liberalize and, to a great extent, harmonize trade around the world by incrementally reducing tariff barriers and standardizing customs practices. The WCO also acts as an impartial judiciary body for the resolution and settlement of international trade disputes.

X Rate

A class code indicating ULD additional information as used in the rate class box of the AWB.

Y Rate

A class code indicating ULD discount as used in the rate class box of the AWB.