What is Preference Claim?
Preference Claim A formal request by an importer or exporter to obtain preferential tariff treatment for goods under a trade agreement, typically supported by a certificate of origin or declaration.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Preference Claim” Used in Practice?
A preference claim must be substantiated by the appropriate certificate of origin or statement on the invoice to qualify for lower tariff rates.
Certification Exam Relevance
Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
Learn “Preference Claim” Free with Termify
Master Preference Claim and 4,071+ professional terms with native pronunciation, IPA transcriptions and career quizzes. 100% free, forever.
Download Free for iOSFrequently Asked Questions
What is Preference Claim?
A formal request by an importer or exporter to obtain preferential tariff treatment for goods under a trade agreement, typically supported by a certificate of origin or declaration.
Where can I learn this term for free?
Termify is a 100% free professional English app that teaches Preference Claim and 4,071+ other industry terms with native pronunciation, IPA transcriptions and career quizzes. Available on iOS in 23 languages. No subscription, no credit card required.
Last updated: