Tariffs and Customs Terms B.1.19

Question 1

the second meeting of Asia-Pacific Economic Cooperation, held in Bogor, Indonesia, in 1994.

Answer 1

Bogor Declaration

Question 2

an officer of a ship in charge of her rigging, anchorage, etc.

Answer 2

boatswain (bos’n)

Question 3

export shipment of persons or firms duly-registered with the Board of Investments (BOl), pursuant to the Philippine Export Incentives Act of 1970.

Answer 3

BOl-registered exports

Question 4

a post, fixed to a quay or a vessel, were ropes are tied.

Answer 4

bollard

Question 5

in good faith or legitimate.

Answer 5

bona fide

Question 6

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

Answer 6

Bond

Question 7

a warehouse authorized to manufacture raw materials into finished products, subject to filing of Customs bond and provided said products will be exported later

Answer 7

bonded manufacturing warehouse

Question 8

a warehouse authorized to smelt or refine ores and crude metals upon filing of a Custom bond

Answer 8

bonded smelting warehouse

Question 9

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.

Answer 9

bonded trading warehouse

Question 10

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.

Answer 10

bonded warehousing

Question 11

a firm that engages in the business of providing surety or indemnity for others

Answer 11

bonding company

Question 12

a person or firm who gives surety to another

Answer 12

bondsman

Question 13

the first volume of the Tariff and Custom Code of the Philippines, containing the Harmonized commodity Description and Coding System and Tariff Administrative Provisions

Answer 13

Book 1

Question 14

the second volume of the Tariff and Customs Code of the Philippines containing its legal provisions on customs laws

Answer 14

Book 2

Question 15

a situation wherein the goods, equipment, or means of transport have been booked for subsequent movements.

Answer 15

booked

Question 16

reservation made by a shipper or his agent with a carrier, for the transport of goods

Answer 16

booking

Question 17

a situation wherein the booking of goods, equipment, or previously booked means of transport, has been cancelled

Answer 17

booking cancelled

Question 18

transfer of title without actually delivering the property

Answer 18

book transfer

Question 19

number the number assigned to a certain booking by the carrier or his agent

Answer 19

booking reference

Question 20

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.

Answer 20

book value

Question 21

the value of assets, like stocks, bonds, real estate, as shown in the books of corporation.

Answer 21

book value

Question 22

smuggling of prohibited alcohol or cigarettes, or dealing in illegal musical records and tapes.

Answer 22

Bootlegging

Question 23

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

Answer 23

Border Cargo Selectivity

Question 24

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

Answer 24

bordereu

Question 25

a US-Mexican commission organized. to ensure cross-border environmental safeguards and support investment initiatives under the North American Free Trade Agreement.

Answer 25

Border Environment Cooperation Commission