Tariffs and Customs Terms B.1.17

Question 1

an agreement forged in Beirut, Lebanon (December 10, 1948) to facilitate international circulation of audiovisual materials for educational, scientific, and cultural purposes. It took effect on August 12, 1954

Answer 1

Beirut Agreement

Question 2

established in July 1921, it introduced, a system of monetary association between Belgium and Luxembourg

Answer 2

Belge/Belgium-Luxembourg Economic Union

Question 3

a regional trade-arrangement among Belgium, Netherlands, and Luxembourg, established in January 1948 and revised in January 1960

Answer 3

Belgium-Netherlands-Luxembourg Economic Union

Question 4

the cargo space under an aircraft’s floor.

Answer 4

belly

Question 5

the ship’s bending moment while on voyage, due to the vertical forces created by the tension between her weight and the buoyancy of water

Answer 5

bending moment

Question 6

in a letter of credit transaction, the exporter who sells goods on credit and in whose favor the document is drawn

Answer 6

beneficiary

Question 7

The person in whose favor the draft is issued, or a letter of credit opened

Answer 7

beneficiary

Question 7

the person, company, trust or estate named by the trustor, grantor or settlor to receive the benefits of a trust subject to conditions set forth in a trusteeship contract

Answer 7

beneficiary

Question 8

part of the prier or wharf where a vessel is tied up when loading cargoes into and unloading from a ship

Answer 8

berth

Question 9

a contract of affreightment wherein a vessel is chartered for loading of cargoes on the berth

Answer 9

berth charter

Question 10

the maneuvering of a vessel from the anchorage to a berth

Answer 10

berthing

Question 11

a document that specifies the terms and conditions of loading cargoes into, and unloading from a ship

Answer 11

berth note

Question 12

under the rules of the General Agreement on Tariffs and Trade, when a respondent in an anti-dumping or countervailing duty case either declines to provide information or gives inadequate information, the investigating authority may refer to other available sources

Answer 12

best information available

Question 13

for a conviction to occur, absolute certainty of guilt is not demanded. Only moral certainty as to the presence of the elements constituting the offense, as well as to the identity of the offender, is required, or that degree of proof which produces conviction in an unprejudiced mind.

Answer 13

beyond reasonable doubt

Question 14

an offer to buy In an invitation to bid, where there is a condition that the bidding is subject to the right.

Answer 14

bid

Question 15

a private person or entity offering a bid during auction sales

Answer 15

bidder

Question 16

offering a bid. A reservation “to reject the bid of any bidders” gives a bidder whose bid is rejected no cause for complaint nor a right to dispute the award to another bidder.

Answer 16

bidding

Question 17

amount offered by a bidder with respect to an article sold at auction

Answer 17

bid price

Question 18

auction slips filed up by bidders to indicate the particular lot and amount subject to a bid offer

Answer 18

bid tender forms

Question 19

big volume of orders for goods

Answer 19

big basket

Question 20

a contract where both parties are bound to fulfill reciprocal obligations

Answer 20

bilateral contract

Question 21

a treaty ensuring U.S. investments overseas of national or Most-favored Nation (MFN) Treatment without having to comply first with any performance requirements

Answer 21

Bilateral Investment Treaty

Question 22

agreements forged between the U.S. and her major steel trading partners to reduce or eliminate state intervention in the industry, such as imposition of domestic subsidies and market barriers

Answer 22

Bilateral Steel Agreements

Question 23

an exchange of goods and services between two countries

Answer 23

bilateral trade

Question 24

an agreement that binds the relations between two trading countries

Answer 24

bilateral trade agreement