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Customs Broker

The financial definition for Customs Broker:

An individual or firm licensed by customs authorities to enter and clear imported goods through customs. The broker represents the importer in dealings with the customs authorities.




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Customs union

Customs union
An agreement by two or more countries to erect a common external tariff and to abolish restrictions on trade among members.


Uniform Customs and Practices (Brochure 500)

Uniform Customs and Practices (Brochure 500)
International Chamber of Commerce rules (commonly referred to as UCP 500 or ICC 500), that are used for Letters of credit. These letters then become legally binding when written into the text of the letter.


United States Customs Service

United States Customs Service
An agency of the Treasury Department charged with enforcing laws relative to imports.




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