Logistics English
Incoterms 2020

Ad Valorem la gi?

Ad Valorem A Latin term meaning 'according to value,' used for duties, taxes, or charges calculated as a percentage of the declared value of goods in customs, insurance, or freight contracts.

Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO

How is “Ad Valorem” Used in Practice?

Áp dụng thuế ad valorem 5% trên giá trị hóa đơn của hàng nhập khẩu.

Certification Exam Relevance

FIATA DiplomaCILT CertificationIATA DGR

Who Needs to Know This Term?

  • Freight Forwarders
  • Supply Chain Managers
  • Customs Brokers

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Frequently Asked Questions

Ad Valorem la gi?

A Latin term meaning 'according to value,' used for duties, taxes, or charges calculated as a percentage of the declared value of goods in customs, insurance, or freight contracts.

Where can I learn this term for free?

Termify is a 100% free professional English app that teaches Ad Valorem 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.

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