Tariff
Logistics Term
What’s Tariff?
An embargo is when shipping companies stop accepting transport requests for a specific product type or geographic area. During an embargo, you can’t schedule a pick-up for days, weeks, or months. Embargoes increase transport rates because many shippers fight for the few available spots. They occur when carriers are overwhelmed and don’t have enough resources to meet all the shipping requests at the time.
Tariff - In The Field
There are three main tariffs. First, they include ad valorem tariff, a Latin word meaning “according to value.” This type of tariff is charged as a fixed percentage of the value of a commodity. The specific tariff which is charged as a fixed dollar amount per section of imported goods. Finally, preferential duties are lowered or eliminated depending on the country of origin.
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