Tariffs and Customs Terms B.1.19 Flashcards
Terms and meaning from Dictionary of Tariff and Customs Terms with organization and functions of the various Offices of the Bureau of Customs.
the second meeting of Asia-Pacific Economic Cooperation, held in Bogor, Indonesia, in 1994.
Bogor Declaration
an officer of a ship in charge of her rigging, anchorage, etc.
boatswain (bos’n)
export shipment of persons or firms duly-registered with the Board of Investments (BOl), pursuant to the Philippine Export Incentives Act of 1970.
BOl-registered exports
a post, fixed to a quay or a vessel, were ropes are tied.
bollard
in good faith or legitimate.
bona fide
a document by which a party undertakes to pay a certain sum, or fulfills certain obligations (like payment of duties and taxes for imported raw materials, or submission of pertinent import documents), on a certain date or time, to another party indicated in said document
Bond
a warehouse authorized to manufacture raw materials into finished products, subject to filing of Customs bond and provided said products will be exported later
bonded manufacturing warehouse
a warehouse authorized to smelt or refine ores and crude metals upon filing of a Custom bond
bonded smelting warehouse
a warehouse operated by a registered export trading company, duly registered with the Board of Investments, and licensed by Customs to receive imported cargoes for storage and sale to an exporter (which operates a Customs bonded manufacturing warehouse), or for transfer to a duly accredited export producer.
bonded trading warehouse
a Customs procedure whereby importers of raw materials do not pay immediately duties and taxes, provided they are stored in a warehouse and manufactures into export products. The importers must have, however, file a bond with Customs.
bonded warehousing
a firm that engages in the business of providing surety or indemnity for others
bonding company
a person or firm who gives surety to another
bondsman
the first volume of the Tariff and Custom Code of the Philippines, containing the Harmonized commodity Description and Coding System and Tariff Administrative Provisions
Book 1
the second volume of the Tariff and Customs Code of the Philippines containing its legal provisions on customs laws
Book 2
a situation wherein the goods, equipment, or means of transport have been booked for subsequent movements.
booked
reservation made by a shipper or his agent with a carrier, for the transport of goods
booking
a situation wherein the booking of goods, equipment, or previously booked means of transport, has been cancelled
booking cancelled
transfer of title without actually delivering the property
book transfer
number the number assigned to a certain booking by the carrier or his agent
booking reference
the value of imported vehicles that’s serves as their tax base. This spring from the universally accepted reference books on motor vehicles, such as the Japanese Red, U.S. Blue, and World Books, and depends on the origin of the vehicle.
book value
the value of assets, like stocks, bonds, real estate, as shown in the books of corporation.
book value
smuggling of prohibited alcohol or cigarettes, or dealing in illegal musical records and tapes.
Bootlegging
an automated system in the U.S. designed to facilitate cargo-processing and improve Customs enforcement by providing background information and border location of cargoes
Border Cargo Selectivity
document used in the European road transport, listing the cargo carried on a road vehicle, often referring to appended copies of the road consignment note. It is a form used for insurance transactions
bordereu
a US-Mexican commission organized. to ensure cross-border environmental safeguards and support investment initiatives under the North American Free Trade Agreement.
Border Environment Cooperation Commission
