Tariffs and Customs Terms B.1.22 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 copper strap that wraps articles loaded on a vessel
bundle
a ship’s fuel tank
bunker
a ship’s fuel
bunker
adjustment of freight rates, made by a shipping lines or a conference, to reflect fluctuating fuel costs
Bunker Adjustment Factor
fuel used by ships, generally referring to a No. 6 grade of residual fuel with an API (American Petroleum Institute scale) gravity about 10.50
Bunker C Fuel Oil D
a clause in a time charter wherein the charterer undertakes to accept and pay for all oil in the ship’s bunkers at the port of delivery. The ship owner pays for whatever oil remains at the port of re- delivery, at current price
bunker clause
expenses incurred by the ship-owner or charterer for the ship’s fuel
bunker cost
a surcharge imposed to offset drastic increases in bunker oil prices, taking into account the volume of total bunker consumption and the price of the bunker oil
bunker surcharge
a floating device for marking or mooring at the sea
buoy
the total weight of a ship’s cargo, which information appears on the topmost portion of a cargo manifest
burden
a Philippine government agency that issues commodity clearance and health certificate for the export of animal and animal by-products
Bureau of Animal Industry
a Philippine government agency tasked to collect duties and taxes on Imported goods, combat smuggling, and promote trade facilitation
Bureau of Customs
a Philippine government agency that issues commodity clearance and CITES (Convention on international Trade in Endangered Species) clearance for the export of fish, fishery, and other aquatic resources
Bureau of Fisheries and Aquatic Resources
a Philippine government agency that issues clearance for the importation of penicillin derivatives. It also provides Customs with laboratory examination result of certain foodstuff, drugs, and other products, for purposes of levying the proper duties and taxes
Bureau of Foods and Drugs
a Philippine government agency that monitors import quantities and prices of certain sensitive goods (especially those liberalized) to anticipate import surges and assist domestic industries against unfair trade practices: It also issues clearance for the importation of used motor vehicles
Bureau of Import Services
a Philippine government agency primarily tasked to collect taxes
Bureau of Internal Revenue
an organization established by the Paris Convention of 1928 to regulate the conduct of international expositions, where nations are invited to participate
Bureau of International Expositions
a Philippine government agency that issues the phytosanitary certificate and fumigation certificate for the export of plants, vegetable, live insects, seeds and nuts for planting and consumption, spices, and medicinal herbs. It also clearance for the importation of onion, garlic, potatoes, and cabbage, for seedling purposes
Bureau of Plant Industry
a government agency that issues license for the use of Philippine Standard Certification marks on certain goods
Bureau of Product Standards
a Philippine agency that formulates and monitors registrations of business names and licensing/accreditation of firms.
Bureau of Trade Regulation and Consumer Protection
a French ship classification society
Bureau Veritas
a situation wherein the goods and/or equipment could not be delivered/collected due to closure of business.
business closed
is restricted to activities or affairs where profit is the purpose or livelihood is the motive. When used without qualification, the term should be construed in its plain and ordinary meaning, restricted to activities for profit or livelihood. It is synonymous with occupation; it is the means by which a party habitually or regularly earns a livelihood or some gain
Business
a system devised to coordinate request for cooperation among small- and medium- size enterprises in the European Community.
Business Cooperation Network
provides a forum for discussion between the U.S. Bureau of Export Administration and the private sector on export control measures
Business Executive Enforcement Team
