Tariffs and Customs Terms B.1.22

Question 1

a copper strap that wraps articles loaded on a vessel

Answer 1

bundle

Question 2

a ship’s fuel tank

Answer 2

bunker

Question 3

a ship’s fuel

Answer 3

bunker

Question 4

adjustment of freight rates, made by a shipping lines or a conference, to reflect fluctuating fuel costs

Answer 4

Bunker Adjustment Factor

Question 5

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

Answer 5

Bunker C Fuel Oil D

Question 6

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

Answer 6

bunker clause

Question 7

expenses incurred by the ship-owner or charterer for the ship’s fuel

Answer 7

bunker cost

Question 8

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

Answer 8

bunker surcharge

Question 9

a floating device for marking or mooring at the sea

Answer 9

buoy

Question 10

the total weight of a ship’s cargo, which information appears on the topmost portion of a cargo manifest

Answer 10

burden

Question 11

a Philippine government agency that issues commodity clearance and health certificate for the export of animal and animal by-products

Answer 11

Bureau of Animal Industry

Question 12

a Philippine government agency tasked to collect duties and taxes on Imported goods, combat smuggling, and promote trade facilitation

Answer 12

Bureau of Customs

Question 13

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

Answer 13

Bureau of Fisheries and Aquatic Resources

Question 14

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

Answer 14

Bureau of Foods and Drugs

Question 15

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

Answer 15

Bureau of Import Services

Question 16

a Philippine government agency primarily tasked to collect taxes

Answer 16

Bureau of Internal Revenue

Question 17

an organization established by the Paris Convention of 1928 to regulate the conduct of international expositions, where nations are invited to participate

Answer 17

Bureau of International Expositions

Question 18

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

Answer 18

Bureau of Plant Industry

Question 19

a government agency that issues license for the use of Philippine Standard Certification marks on certain goods

Answer 19

Bureau of Product Standards

Question 20

a Philippine agency that formulates and monitors registrations of business names and licensing/accreditation of firms.

Answer 20

Bureau of Trade Regulation and Consumer Protection

Question 21

a French ship classification society

Answer 21

Bureau Veritas

Question 22

a situation wherein the goods and/or equipment could not be delivered/collected due to closure of business.

Answer 22

business closed

Question 23

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

Answer 23

Business

Question 24

a system devised to coordinate request for cooperation among small- and medium- size enterprises in the European Community.

Answer 24

Business Cooperation Network

Question 25

provides a forum for discussion between the U.S. Bureau of Export Administration and the private sector on export control measures

Answer 25

Business Executive Enforcement Team