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Shipping Glossary


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Ultimate Consignee

The ultimate consignee is the person located abroad who is the true party in interest, receiving the export for the designated end-use.

Value for Customs Purposes Only

The U.S. Customs Service defines "value for Customs purposes only" as the value submitted on the entry documentation by the importer which may or may not reflect information from the manufacturer but in no way reflects Customs appraisement of the merchandise.

War/Strike Clause

An insurance provision that covers loss due to war and/or strike.

Wharfage

A charge assessed by a pier or dock owner for handling incoming or outgoing cargo.

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