Tariffs and Customs Terms A.1.10 Flashcards
Terms and meaning from Dictionary of Tariff and Customs Terms with organization and functions of the various Offices of the Bureau of Customs.
a sum of money paid to the arrastre contractor by the owner consignee, or agent of a shipment for its receipt from a vessel, handling, and temporary storage at the piers or Custom premises.
arrastre charge
a private firm contracted by Customs to engage in receiving, handling, moving, stacking, or temporarily storing shipments at the piers and wharves or Custom premises. Classic examples are the Asian terminals, Inc. (at the Port of Manila) and the International Container, Terminal Services, Inc. (at the Manila International Container Port)
arrastre contractor/operator
total unpaid obligations.
arrears
the seizure of a ship by an authority of a court of law. By preventing the ship from sailing out, it is constituted as debt security pending settlement of a dispute to which it is a party
arrest
a situation wherein a ship or aircraft, loaded with passengers and/or cargoes, reached the port of destination
arrival
a phrase that means all documents bearing on a cargo have been delivered to the consignee or his agent.
arrival documents delivered
a notice sent by a carrier to a designated/named party, who is advised on the arrival of a shipment
arrival notice\
calling of a vessel at the nearest or most convenient port due to lack of provisions, fear of seizure of pirates, or sea accident
arrival under stress
a situation wherein a ship is commercially within the port to load or unload cargo, has entered the Customshouse, or where the notice of readiness has been given by the master of the vessel to the charterer. It is the reckoning period within which the number of the lay days is counted
arrived ship
standards Committee X12 accredited by the American National Standards Institute (ANSI, and consists of government and industry members who create national EDI (electronic data interchange) standards. Such standards are later submitted to ANSI, and then to the United Nations and the Economic Commission for Europe, for approval and dissemination
Accredited Standards Committee X12
formed in January 1992 as a regional trade arrangement among ASEAN members. It aims to abolish high tariffs on traded goods, and eliminate quantitative restrictions and other non-tariff barriers to trade
ASEAN Free Trade Area
a certificate of origin issued for exports qualified under the tariff reduction programs of the CEPT scheme, which is the basic instrument used to implement the ASEAN Free Trade Area (AFTA) Agreement
ASEAN Common Effective Preferential Tariff Certificate of Origin
an agreement signed in 1996 to promote industrial cooperation among ASEAN countries. A 90% Margin of Preference is given to products under this scheme
ASEAN Industrial Cooperation [AICO Scheme]
an agreement signed in 1993 to provide preferential treatment to industrial joint ventures among ASEAN countries. A 90% Margin of preference is given to products under this scheme
ASEAN Industrial Joint Venture [AIJV Scheme]
a regional trade agreement among Indonesia, Malaysia, Philippines, Singapore, Thailand, and Brunei (1987), concluded on February 24, 1977. Margins of Preference are granted on certain export products shipped to another ASEAN country. ‘An importer pays lower tariff if the products originates from another ASEAN country
ASEAN Preferential Trade Agreement
a certificate of origin issued for exports qualified for preferential treatment under the ASEAN Preferential Trade Agreement
ASEAN Preferential Trade Agreement Certificate of Origin (Form C)
a phrase that means the computation of duties and taxes, or penalty (if any), is based on the examination findings of a shipment.
as found
launched in 1996 to deepen economic ties between 15 European Union countries on one hand, and particular Asian nations, like China, Japan, South Korea, Brunei, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam, on the other
Asia-Europe Meeting
an Asian union that promotes trade and economic cooperation ( including systems to conserve foreign exchange and encourage domestic currencies in trade) among Bangladesh, India, Iran, Myanmar, Nepal, Pakistan, Sri Lanka, Bhutan, and Malaysia.
Asia Clearing Union
a conference for North America and Canada.
Asia-North America Eastbount Rate Agreement
a low-cost utility vehicle originally designed in the Philippines, with a higher local content than that of a light commercial vehicle, and with gross weight up to three tons
Asian Utility Vehicle
established in 1989, it is the primary vehicle for promoting open trade and economic cooperation among Asia-Pacific economies of Philippines, Peru, Russia, Singapore, Thailand, Taiwan, U.S., and Vietnam
Asia-Pacific Economic Cooperation
a phrase that means the goods are bought in their present condition.
as is
a phrase used to indicate that the goods are to be auctioned or sold-in, and at, their present condition and location
“as is-where is”
a marine peril: involving forcible seizure of property by private individuals
assailing thieves
