CAO 2 2021 Flashcards
shall refer to a transport document for airfreight used by airlines and international freight forwarders which specify the holder or consignee of the bill who has the right to claim delivery of the goods when they arrive at the port of destination. It is a contract of carriage that includes carrier conditions, such as limits of liability and claims procedures. In addition, it contains transport instructions to airlines and carriers, a description of the goods, and applicable transportation charges
Air Waybill (AWB)
shall refer to a transport document issued by shipping lines, carriers and international freight forwarders or non-vessel operating common carrier for water-borne freight. The holder or consignee of the bill has the right to claim delivery of the goods at the port of destination. It is a contract of carriage that includes carrier conditions, such as limits of liability and claims procedures. In addition, it contains transport instructions to shipping lines and carriers, a description of the goods, and applicable transportation charges
Bill of Lading (BL)
shall refer to the Bureau of Customs
Bureau
shall refer to the completion of customs and other government formalities necessary to allow goods to enter for consumption, warehousing, transit or transshipment, or to be exported or placed under another customs procedure
Clearance
shall refer to the quantity for a given kind or class of articles, which are in excess of what is compatible with and commensurate to the person’s normal requirements for personal use.
Commercial Quantity
shall refer to goods exempt from the payment of import duties and/or taxes upon compliance with certain formalities prescribed under pertinent customs issuances.
Conditionally Tax and/or Duty-Exempt Importation
shall refer to the cargo clearance process for imported shipments considered to be of commercial nature which are those in excess of FOB or FCA value limitation for informal entry and those for which the informal entry process may not be used, subject to the exceptions provided under the CMTA.
Formal Entry Process
shall mean that the seller delivers the goods to the carrier or another person nominated by the buyer at the seller’s premises or another named place. The parties are well advised to specify clearly as possible the point within the named place of delivery, as the risk passes to the buyer at that point.
Free Carrier (FCA)
shall mean that the seller delivers the goods on board the vessel nominated by the buyer at the named port of shipments or procures the goods already delivered. The risk of loss of or damage to the goods passes when the goods are on board the vessel, and the buyer bears all costs from that moment onwards
Free on Board (FOB)
shall refer to articles, wares, merchandise and any other items which are subject of importation or exportation.
Goods
shall refer to a statement made in a manner prescribed by customs laws, rules and regulations for the entry or admission of imported goods.
Goods Declaration
shall refer to goods that are intended to be used solely for commercial purpose, including but not limited to, sale, lease, hire or barter.
Goods of Commercial Nature
shall refer to furniture, dishes, linens, libraries and similar household furnishing for personal or family use
Household Effects
shall refer to an airway bill covering a single, individual shipment or consignment issued by the freight forwarder or consolidator to the consignor or sender containing the names and addresses, respectively, of both the consignor or sender and the consignee or receiver and the detailed, specific description of the goods shipped through air.
House Airway Bill (HAWB)
shall refer to a bill of lading covering a single, individual shipment or consignment issued by the freight forwarder to the consignor or containing the names and addresses, respectively, of both the consignor or sender and the consignee or receiver and the detailed, specific description of the goods shipped through sea
House Bill of Lading (HBL)
shall refer to the clearance process for imported goods with FOB or FCA value of less than Fifty Thousand Pesos (P50,000.00) and personal and household effects or goods, not in commercial quantity, not for sale, lease, hire or barter and other shipments covered under Section 4 of this CAO
Informal Entry Process
shall refer to the electronic registration of a goods declaration with the Bureau, in a manner prescribed under customs laws, rules and regulations.
Lodgement
shall refer to goods, not otherwise falling under the definition of personal and household effects that are not intended to be used for any commercial purposes, including sale, lease, hire or barter.
Non-Commercial Goods
shall refer to a customs facility located outside the airport or seaport established for temporary storage of goods. It is considered part of customs premises under the exclusive control, direction and management of the Bureau.
Off-dock Customs Facilities and Warehouses (CFW)
shall refer to commodities whether new or used, for personal use or consumption and not for commercial purposes, such as wearing apparel, personal adornments, electronic gadgets, toiletries, or similar items.
Personal Effects
shall refer to the following goods, the importation and exportation of which are prohibited:
Prohibited Goods
shall refer to a goods declaration made in a manner prescribed by customs laws, rules and regulations for the entry or admission of imported goods pending submission of information or supporting documents, clearances or permits required by the Bureau or other regulatory agencies.
Provisional Goods Declaration
shall refer to goods, the importation and exportation of which are subject to regulation and shall only be allowed after securing the necessary clearances, licenses, and any other requirements prior to importation or exportation. In case of importation, submission of requirements after arrival of the goods but prior to release from customs custody shall be allowed but only in cases provided for by governing laws or regulations.
Regulated Goods
shall refer to the following goods, the importation and exportation of which are prohibited, except when authorized by law or regulation
Restricted Goods
