CAO 3-2020 (TERMS)

Question 1

shall refer to a condition of sale where no warranty is given as to the quality, state and condition of the goods.

Answer 1

“As is Where Is”

Question 2

shall refer to the Bureau of Customs

Answer 2

Bureau

Question 3

as distinguished from a clerk or employee, shall refer to a person whose duty, not being clerical or manual in nature, involves the exercise of discretion in performing the function of the Bureau. It may also refer to an employee authorized to perform a specific function of the Bureau as provided in the CMTA

Answer 3

Customs Officer

Question 4

shall refer to the posting of the notice of public auction in the official website of the Bureau.

Answer 4

Electronic Publication

Question 5

shall refer to the account where all proceeds from public auction after deduction of charges as provided in Section 1143 of the CMTA and subject to the claim of the owner or importer of an impliedly abandoned goods, are deposited

Answer 5

Forfeiture Fund

Question 6

shall refer to the sale of goods that have not been sold through public auction the value of which does not exceed Php50,000.

Answer 6

Garage Sale

Question 7

shall refer to articles, wares, merchandise or any other items which are subject of importation or exportation. For purposes of this CAO, the term goods shall include other properties including, but not limited to, cargoes, vehicles, vessels or aircrafts seized and forfeited in favor of the government in accordance with the provisions of the CMTA

Answer 7

Goods

Question 8

shall refer to the total cost of a product delivered at a port of destination, including the production cost plus transportation cost, insurance, brokerage fee, bank charge, duties and taxes and other charges, processing fee, arrastre charges and wharfage dues, if applicable.

Answer 8

Landed Cost

Question 9

shall refer to posting at a conspicuous place in the customshouse where the goods are located, and to the publication either electronically or in a newspaper of general circulation

Answer 9

Notice

Question 10

shall refer to persons or entities tendering bids for the purchase of goods through Negotiated Sale.

Answer 10

Offeror

Question 11

shall refer to any contractual arrangement between the Bureau and a qualified and competent private entity for the latter to perform designated non-sovereign and/or ancillary functions on behalf of the Bureau.”

Answer 11

Outsourcing

Question 12

shall refer to goods liable to perish or goods that depreciate greatly in value while stored or which cannot be kept without great disproportionate expense.

Answer 12

Perishable Goods

Question 13

shall refer to private entities duly contracted/authorized by the Bureau to provide services and/or facilities that will be used by the Bureau in the performance of its function.

Answer 13

Private Service Providers

Question 14

shall refer to goods subject of the floor price the value of which does not exceed Php50,000.00.

Answer 14

Small Value Items