Glossary
There are currently 9 names in this directory beginning with the letter L.
L
Lacey Act
A U.S. law that regulates the trade of plants and plant products, including wood and wildlife, to prevent illegal logging and wildlife trafficking.
Land Border Crossings
Locations where goods cross from one country to another by land, often requiring customs clearance.
Landed Cost
The total cost of imported goods, including the purchase price, shipping, customs duties, and other expenses.
License Application
The process of applying for a license to engage in specific import or export activities, often required for controlled goods.
License Application Process
The steps involved in applying for a license to engage in specific import or export activities.
License Exception
A provision in the Export Administration Regulations (EAR) that allows the export of certain controlled goods without a license.
Liquidated Damages
A financial penalty imposed by CBP for violations of customs regulations or failure to meet customs requirements.
Liquidated Damages Assessment
The process of assessing financial penalties for violations of customs regulations or failure to meet customs requirements.