What is Cost Recovery?
Cost Recovery The process by which customs or service providers recoup expenses incurred during customs processing, enforcement actions, or provision of logistics services.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Cost Recovery” Used in Practice?
The logistics provider included cost recovery charges on the invoice to cover additional customs processing fees.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Cost Recovery?
The process by which customs or service providers recoup expenses incurred during customs processing, enforcement actions, or provision of logistics services.
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