Tariffs and Customs Terms A.1.10

Question 1

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.

Answer 1

arrastre charge

Question 2

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)

Answer 2

arrastre contractor/operator

Question 3

total unpaid obligations.

Answer 3

arrears

Question 4

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

Answer 4

arrest

Question 5

a situation wherein a ship or aircraft, loaded with passengers and/or cargoes, reached the port of destination

Answer 5

arrival

Question 6

a phrase that means all documents bearing on a cargo have been delivered to the consignee or his agent.

Answer 6

arrival documents delivered

Question 7

a notice sent by a carrier to a designated/named party, who is advised on the arrival of a shipment

Answer 7

arrival notice\

Question 8

calling of a vessel at the nearest or most convenient port due to lack of provisions, fear of seizure of pirates, or sea accident

Answer 8

arrival under stress

Question 9

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

Answer 9

arrived ship

Question 10

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

Answer 10

Accredited Standards Committee X12

Question 11

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

Answer 11

ASEAN Free Trade Area

Question 11

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

Answer 11

ASEAN Common Effective Preferential Tariff Certificate of Origin

Question 12

an agreement signed in 1996 to promote industrial cooperation among ASEAN countries. A 90% Margin of Preference is given to products under this scheme

Answer 12

ASEAN Industrial Cooperation [AICO Scheme]

Question 13

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

Answer 13

ASEAN Industrial Joint Venture [AIJV Scheme]

Question 14

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

Answer 14

ASEAN Preferential Trade Agreement

Question 15

a certificate of origin issued for exports qualified for preferential treatment under the ASEAN Preferential Trade Agreement

Answer 15

ASEAN Preferential Trade Agreement Certificate of Origin (Form C)

Question 16

a phrase that means the computation of duties and taxes, or penalty (if any), is based on the examination findings of a shipment.

Answer 16

as found

Question 17

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

Answer 17

Asia-Europe Meeting

Question 18

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.

Answer 18

Asia Clearing Union

Question 19

a conference for North America and Canada.

Answer 19

Asia-North America Eastbount Rate Agreement

Question 20

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

Answer 20

Asian Utility Vehicle

Question 21

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

Answer 21

Asia-Pacific Economic Cooperation

Question 22

a phrase that means the goods are bought in their present condition.

Answer 22

as is

Question 23

a phrase used to indicate that the goods are to be auctioned or sold-in, and at, their present condition and location

Answer 23

“as is-where is”

Question 24

a marine peril: involving forcible seizure of property by private individuals

Answer 24

assailing thieves