Tariffs and Customs Terms D.1.43

Question 1

a trade arrangement wherein the seller fulfills his obligation to deliver goods up to the quay (wharf) at the port of destination. He bears all costs and risks of ocean voyage. The one Who pays the duties, taxes, and charges on the cargo depends on the agreement between the seller and the buyer.

Answer 1

Delivered Ex-Quay

Question 2

wherein the cost of clearing imported goods should be shouldered by the buyer, not the seller.

Answer 2

Delivered Ex-Quay

Question 3

the seller’s obligation includes payment of duties and taxes on the imported goods.

Answer 3

Delivered Ex-Quay

Question 4

a carrier that delivers cargo to the consignee of his agent.

Answer 4

delivering carrier

Question 5

the process of delivering the consignment to the consignee at the agreed place

Answer 5

delivery

Question 6

the physical or symbolic transfer of property of goods from a seller to a buyer.

Answer 6

delivery

Question 7

a guaranty given by a shipping line to the collector of Customs for any cargo mis delivery.

Answer 7

delivery goods

Question 8

instructions given to the inland carrier (as arranged by the forwarder) to deliver the goods to a particular pier of shipping line.

Answer 8

Delivery instructions

Question 9

a record of goods delivered to a consignee

Answer 9

delivery note

Question 10

a document issued by, or on behalf of, the carrier to authorize release of imported cargo stated in a single bill of lading.

Answer 10

delivery order

Question 11

the party to whom the goods are delivered.

Answer 11

delivery party

Question 12

the required and/or agreed time for the delivery of goods or services.

Answer 12

delivery schedule

Question 13

the carriage of consignments from an airport of destination to a consignee, or to the custody of the Customs.

Answer 13

delivery service

Question 14

the time that elapses between order and delivery of goods.

Answer 14

delivery time

Question 15

a form used in the U.S. to track the movement of imported goods from the importer to the manufacturer in order to claim duty draw-back.

Answer 15

Delivery Verification Certificate

Question 16

it is a bill of exchange payable on demand. It is an open letter of request from, and an order by, one person n another to pay a sum of money therein mentioned to a third person, on demand or at a future time therein specified. In order that the drawee bank may be liable on the draft and become obligated to the payee, it is necessary that the drawee first accept the same.

Answer 16

demand draft

Question 17

a notice coming from the Bureau of Customs requiring an importer or any individual or firm to settle an outstanding financial obligation.

Answer 17

demand letter

Question 18

a promissory note payable on demand

Answer 18

demand note

Question 19

similar to a cable rate, it is a rate that applies to banker’s drafts, wherein the transfer of funds is made through mail.

Answer 19

demand rate

Question 20

latin: minimal, insignificant, frivolous.

Answer 20

de minimis

Question 21

a kind of margin where the estimated margin of dumping is less than two percent of the export price or the volume of dumped imports, or where injury is negligible

Answer 21

de minimis dumping margin

Question 22

a system wherein small and low-value shipments (e.g. samples or gifts) are exempted from payment of duties and taxes and from the Customs formalities.

Answer 22

de minimis regime

Question 23

to lease something for a fee.

Answer 23

demise

Question 24

a kind of charter whereby the ship-owner leases his vessel to the charterer for an agreed period. He bears all expenses for the vessel’s operations, and the hiring of officers and crew, who become his servants. This is synonymous with voyage charter.

Answer 24

demise charter

Question 25

measurement of cargo mass per unit volume or pound per cubic foot.

Answer 25

density