What is a “brokerage fee”?

A brokerage fee specifically refers to the fee charged for the services provided by a customs broker. Customs brokers play a crucial role in facilitating international trade by assisting importers and exporters in navigating the complexities of customs regulations. They help ensure that all necessary documentation is in order and compliance with legal requirements is met, which can significantly streamline the process of moving goods across borders.

Recognizing the nature of a brokerage fee in the context of customs brokerage indicates an understanding of the services rendered, including advice on tariffs, valuation of goods, and submission of entry documents. This fee compensates the broker for their expertise and effort in managing the logistics and compliance required for customs clearance, making it a critical aspect of the trade process.