Tariffs and Customs Terms C.1.24

Question 1

a principle which holds that jurisdiction in international investment disputes lies in the country of investment. Named after Argentinian jurist, this doctrine has been applied throughout Latin America and other areas of the world

Answer 1

Calvo Doctrine

Question 2

slightly arced floor of a container

Answer 2

camber

Question 3

an artificial waterway for ships, like the Panama Canal and the Suez Canal

Answer 3

canal

Question 4

expenses that include canal tolls, for clearance (Customs, immigration, quarantine, etc.). This are imposed in the sues Canal and the Panama Canal

Answer 4

canal transit charges

Question 5

expenses paid by a ship when passing through a canal, which cost is determined by the canal transit charges, time spent in the canal, and bunker costs for passage

Answer 5

canal transit cost charges

Question 6

duration of a ship’s passage through a canal

Answer 6

canal transit time

Question 7

the date agreed upon by the ship-owner and the charterer, during which the vessel must be ready to load cargoes. If the vessel fails to meet the date, the charter contract is canceled

Answer 7

canceling date

Question 8

the sum of FOB (free on board) cost, ocean freight cost, plus destination delivery charge

Answer 8

C and F cost

Question 9

a price that includes FOB (free on board) cost, ocean freight, destination delivery charge, plus manufacturers profit

Answer 9

C and F price

Question 10

a rough value derived by conducting a domestic research of the value of a local product, which is comparable to an import item

Answer 10

canvassed value

Question 11

a supply contract wherein the buyer is assured that he will not pay more than the maximum price

Answer 11

cap

Question 12

A term also for capacity

Answer 12

cap

Question 13

the process of registering and steering a ship’s capacity

Answer 13

capacity control

Question 14

a system of giving quota allocation to garments exporters based on their size and track record. Firms with high free on board (FOB) price and high local value-added for products are given top priority

Answer 14

cap and rank method

Question 15

all money and property of a firm used in the business.

Answer 15

capital

Question 16

this refers to the plant itself and the equipment for production that can be imported tax- and duty-free

Answer 16

capital equipment

Question 17

the master, general agent of the ship-owner, or technical director, who navigates the vessel and is considered the representative of the government of the country’s flag under which he operates

Answer 17

captain

Question 18

a marine peril that involves seizure of a ship by force or stratagem

Answer 18

capture

Question 19

is characterized by entrance based on merit and fitness to be determined far as practicable by competitive examination, or based on highly technical qualifications; opportunity for advancement to higher career positions; and security of tenure

Answer 19

Career service

Question 20

articles, merchandise, commodities, shipments being transported by means of transport, aircraft, vessel. Refers to the entire lading of the ship which carries it and connection with the management or direction of the vessel and are intended for delivery at any port of call and except passengers and their baggage. Cargoes refer to such goods or commodities which are normally stored in a warehouse for safekeeping to prevent their loss or damage and to preserve their commercial value until withdrawn by the importer, owner or consignee

Answer 20

cargo goods

Question 21

the ship’s ability to hold cargoes, expressed in volumes or cubic capacity. It is determined by the volume of her holds and deadweight tonnage.

Answer 21

cargo carrying capacity

Question 22

a person or firm that consolidates small shipments for various consignees listed in the manifest. It procures container space from carriers and issues its own bills of lading. Then, its destination agent distributes the shipments.

Answer 22

cargo consolidator

Question 23

a document prepared by a ship’s master showing the bill of lading numbers, cargo marks and numbers, kinds of packages, their description, weight, and measurement

Answer 23

cargo declaration

Question 24

covers transportation of goods by water, air or sea safe guarding all risks and damages that may be suffered by goods

Answer 24

Cargo insurance

Question 25

a manual of procedures developed by member-airlines of the Air Transport Association of America and the International Air Transport Association

Answer 25

Cargo Interchange Message Procedures