Articles under Customs Terms

Customs term Container Yard(CY)

What do you mean by customs term Container Yard(CY)   The term Container Yard(CY) means the location designated by the Carrier in the port terminal area for receiving, assembling, holding, storing and delivering containers, and where containers may be picked up by shippers or re-delivered by consignees. Container Yard also called Marshalling yard. Container Yard shipment term the port at which the containers are getting delivered to, as well as the end destination of the containe

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What do you mean by the term Fraud, Customs?

Explain term Customs Fraud   Fraud, Customs  means any act which a man misleads, or endeavors to trick, the Customs and in this way avoids, or endeavors to sidestep, completely or somewhat, the installment of import or fare obligations and charges or the utilization of forbiddances or limitations set around the statutory or administrative arrangements authorized or regulated by the Customs organizations or acquires, or endeavors to get, any favourable position in opposition to

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What is customs union in customs

Explain Customs union in customs   Customs union is a trade agreement by which a group of countries charges a common set of tariffs to the rest of the world while granting free trade among themselves. It is a partial form of economic integration that offers an intermediate step between free-trade zones and common markets. It also states that impose a common external tariff on imports from non-members. By ensuring that customs union members have the same external tariff, any componen

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Explain cabotage in customs terms

  What is cabotage in customs terms   Cabotage means to the transport of goods or passengers between two ports or places within the same country by a foreign shipping or transport operator. This term was earlier applicable to only shipping industry along coastal routes, port to port, but is now applicable for road, rail as well as aviation transports. However, in aviation, still there are strict restrictions on Cabotage. Many countries have cabotage laws that require do

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Explain American Association of Port Authorities (AAPA)

What is American Association of Port Authorities (AAPA)   The American Association of Port Authorities (AAPA) is an exchange affiliation which speaks to in excess of 130 open port experts in the United States, Canada, the Caribbean and Latin America. AAPA gives administration on exchange, transportation, natural and different issues identified with port advancement and tasks.   AAPA enrollment has engaged port experts and their oceanic industry accomplices to serve worldw

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