Tariffs and Customs Terms A.1.08

Question 1

at or towards the middle of a ship

Answer 1

amidships

Question 2

consist of all types of projectiles, cartridges, bombs, mines grenades, torpedoes; torpedo warheads, propellant powder charges, pyrotechnics, rockets, missiles, special weapons, chemical smoke or incendiary ammunition or other “made up” explosive devices that are utilized by the armed forces in the prosecution of war

Answer 2

ammunition

Question 3

periodic payment of debt

Answer 3

Amortization

Question 4

a heavy metal device thrown over-board to prevent a ship from moving

Answer 4

anchor

Question 5

portion of the sea deep enough for vessels to anchor, or ride at an anchor, within the harbor

Answer 5

anchorage

Question 6

a regional trade arrangement among Bolivia, Ecuador, Colombia, Peru, and Venezuela, signed in 1969. Chile withdrew in 1976

Answer 6

Andean Pact

Question 7

a unilateral trade benefit program that promotes economic development (through private sector initiative) among Andean countries, like Bolivia, Colombia, Ecuador, and Peru. It encourages alternatives coca cultivation and production.

Answer 7

Andean Trade Preference Act

Question 8

refers to Annex 9, 7th edition, of the Convention on International Civil Aviation, held a Chicago, Illinois, U.S., on December 7, 1944

Answer 8

Annex 9 to the International Civil Aviation Convention

Question 9

a situation wherein anomalies on the arrival of shipment have been checked and further details are being requested

Answer 9

anomaly on arrival

Question 10

to put an earlier date to a document

Answer 10

antedate

Question 11

refers to a government action or policy that impedes free business competition

Answer 11

anti-competitive

Question 12

a law that rationalizes and strengthens the provision on anti-dumping (Section 301 of the Tariff and Customs Code of the Philippines): it attempts to protect a domestic industry, which is injured, or about to be injured, by the dumping of imported goods

Answer 12

Anti-Dumping Act of 1999

Question 13

a kind of bond filed by an aggrieved industry, which protests against dumping of certain imported goods into the country

Answer 13

anti-dumping bond

Question 14

a notarized compliant filed by an affected domestic industry or sector against dumping of imported goods. However, conditionally-free importations, and those made by non-profit government agencies, are not subject to it.

Answer 14

anti-dumping protest

Question 15

laws enacted to combat restrictive practices, unfair competition, and monopolies

Answer 15

anti-trust legislation

Question 16

a freight rate imposed on any size of shipment, and does not give a discount even for large cargo

Answer 16

any-quantity rate

Question 17

the official voice of the private sector that advises leaders of the Asia-Pacific Economic Cooperation (APEC).

Answer 17

APEC Business Advisory Council

Question 18

the policy of opening up an economy to foreign investors and imported goods.

Answer 18

apertura economics

Question 19

a vessel’s outfit, such as rigging, anchor, and life boats

Answer 19

apparel

Question 20

a piece of clothing or garment

Answer 20

apparel

Question 21

a legal remedy of elevating a decision of the Collector of Customs to the Commissioner, and from the latter to the Department of Finance or the Court of Tax Appeals, as the case may be, or even up to the Court of Appeals, then to the Supreme Court, as the case warrants.

Answer 21

appeal

Question 22

a committee that had jurisdiction over disputes on valuation and classification, which are reported in the Clean Report of Findings

Answer 22

Appeals Committee (Customs-Societe General de Surveillance [SGS]

Question 23

also known as the opener, the person, usually the buyer or importer, who applies for, a letter of credit to finance his importation.

Answer 23

applicant

Question 24

computation of transaction value or published value of an imported item, in order to impose the duties and taxes thereon.

Answer 24

appraisal

Question 25

a customs official who computes the value of an important item and the duties. and the taxes due thereon.

Answer 25

appraiser