What is Cost Recovery?
In this glossary, Cost Recovery refers to: The process by which customs or service providers recoup expenses incurred during customs processing, enforcement actions, or provision of logistics services.
How is Cost Recovery used in logistics?
In logistics communication, this term appears in contexts such as: "The logistics provider included cost recovery charges on the invoice to cover additional customs processing fees."
Why does Cost Recovery matter in logistics?
Cost Recovery matters because it supports clear communication in Customs contexts for Freight Forwarders, Supply Chain Managers, and Customs Brokers. It also connects to aviation training and exam language such as FIATA Diploma, CILT Certification, and IATA DGR.
Who uses Cost Recovery?
Cost Recovery is mainly used by Freight Forwarders, Supply Chain Managers, and Customs Brokers.
What category does Cost Recovery belong to?
In this glossary, Cost Recovery is grouped under Customs. Related pages in this category explain adjacent procedures, commands and operational concepts.
Where does this definition come from?
This definition is sourced from Incoterms 2020 (ICC), FIATA, IATA DGR, WCO and published by Protermify Logistics as a static logistics reference page.