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Glossary Term

In Bond/A container

In Bond/A container Definition:

An in-bond container is a cargo or a shipment process where the carrier is allowed or authorized to ship through a country's entry and exit points without paying taxes and duties or being processed by customs authorities.

This process is common or mainly associated with containers in international trade. It authorizes a shipment destined for another country to go through a country's port without undergoing the customs process. However, the transporter should post a customs bond to access or use the In-Bond process. The bond guarantees the responsible party will pay the cargo taxes and duties at the final destination or after leaving the customs territory.

Container on a Trailer.

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ACEP (Approved Continuous Examination Program)  Aggregate Shipment API (Application Programming Interface) Backhaul BAF (Bunker Adjustment Factor) Beneficial Cargo Owner BIC (Bureau International des Containers) Bill of Lading BPD (Barrels Per Day) Cabotage Cabotage Containers Carrier Carrier Owned Container (COC) CBM Chassis Check Digit Clear Height Combo Chassis Compound Annual Growth Rate (CARG) Consignee Consignor Container Freight Station Container Imbalance Damage Protection Plan (DPP) Damage Replacement Value (DRV) Electronic Data Interchange (EDI) Electronic Logging Device (ELD) Fifth Wheel Flat Rack Container Flatbed Garments on Hanger (GOH) Gateway HazMat High cube Container In Bond/A container Ingate Joint Rate Kingpin Known Loss Landed Cost Master Bill of Lading (MBL) MGM Non-Vessel Operating Common Carrier (NVOCC) O/H (Overheight) O/S (Open Sided Shipping Container) Payload