Tuesday, August 11, 2009

Trade Terms Tuesday

Welcome to Trade Terms Tuesday! Each Tuesday, we will share three trade-related terms. In order to reach out to our diverse readership, we will try to provide one for exports, one for imports and one for logistics/transportation. This week, we continue with the P’s.

Proof of Delivery (P.O.D.)
Issued by the carrier, the proof of delivery confirms the time of delivery, full delivery address, and the name and signature of the person who accepted a shipment.

Post Entry Amendment (PEA)
The Post Entry Amendment is a program designed by CBP to allow importers to make corrections to entries (other than informal entries) prior to liquidation by filing a quarterly tracking report (QTR) for certain errors or an individual amendment letter if the error is excluded from filing on the QTR.


Proliferation is defined as “a rapid increase in number.” For purposes of export control it refers specifically to a rapid increase in the number of deadly weapons known as weapons of mass destruction (WMD). Weapons of mass destruction are weapons that can produce devastating results when delivered in a single strike. They include nuclear, chemical, and biological weapons.

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