Tariffs and Customs Terms BC.1.23

Question 1

a reference booth established in an international trade fair to give out catalogs for the promotion of export products

Answer 1

Business Facilitation Office

Question 2

an office created in an international trade exhibition where interested parties can obtain commercial information

Answer 2

Business Information Office

Question 3

a one-stop shop for American firms that want to do business in the Newly independent States of the former Soviet Union (e.g., Estonia, Latvia, Ukraine, Russia)

Answer 3

Business Information Service for the Newly Independent States

Question 4

a kind of consignment or shipment for business, office, or personal use

Answer 4

Business, Inter-Office, or Personal

Question 5

the entire process of planning, implementing, and controlling the efficient and effective flow and storage of goods, services, and related information from a source to the consumer. This includes inbound, outbound, internal, and external movement of cargoes

Answer 5

business logistics

Question 6

a law that mandates preferential treatment to U.S. products when awarding government procurement contracts

Answer 6

Buy American Act

Question 7

a scheme whereby the seller agrees to later buy the goods back at a lower price

Answer 7

buyback

Question 8

the importer, consignee, vendee, shipee, or his agent

Answer 8

buyer

Question 9

a person or firm that buys products for resale abroad

Answer 9

buyer for export

Question 10

a place where goods can be had easily under favorable economic conditions, such as low price

Answer 10

buyer’s market

Question 11

fees paid by the importer to his agent, for representing purchase operations abroad

Answer 11

buying commissions

Question 12

to acquire the assets of the firm

Answer 12

buy-out

Question 13

one who tenders fictitious bids in auction sales

Answer 13

by-bidder

Question 14

secondary articles produced at the time of production of the primary article or produced from a waste material

Answer 14

by products

Question 15

an order to pay a sum of money to a foreign beneficiary (say, an exporter) by means of cable, telephone, radio. Like telegraphic transfer of funds, it sets the highest rate because the transfer is immediate and does not entail risk

Answer 15

cable transfer

Question 16

a U.S. federal law that requires coastal and inter-coastal traffic to be carried by vessels built and registered in the U.S.

Answer 16

cabotage

Question 17

transport of goods between two ports or places in a country

Answer 17

cabotage

Question 18

road transport of cargo in a country other than the country where the vehicle is registered

Answer 18

cabotage

Question 19

a law that prohibits foreign cargo vessels from plying domestic routes and confines them to specific areas officially designated as international seaports

Answer 19

cabotage

Question 20

an enclosed area for storing highly valuable items

Answer 20

cage

Question 21

a pallet-sized platform hoisted by a fork lift, from which inventory of goods may be made

Answer 21

cage

Question 22

established in August, 1986 in Cairns, Australia, it is an informal grouping of agricultural exporting countries: Argentina, Australia, Brazil, Canada, Chile, Colombia, Fiji, Hungary, Indonesia, Malaysia, New Zealand, Philippines, Thailand and Uruguay. It seeks to reduce export subsidies and internal support measures, and to bring about reforms in trade. These countries account for 1/3 of the world’s farm exports

Answer 22

Caims Group

Question 23

the period of hire in a charter contract measured according to the number of days of a particular month

Answer 23

calendar month

Question 24

a vessel’s visit to a port

Answer 24

call

Question 25

a code published by the International Telecommunications Union in its annual List of Ships’ Stations, and used for information interchange among vessels, port authorities, and other participants to international trade

Answer 25

call sign