Tariffs and Customs Terms D.1.43 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 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.
Delivered Ex-Quay
wherein the cost of clearing imported goods should be shouldered by the buyer, not the seller.
Delivered Ex-Quay
the seller’s obligation includes payment of duties and taxes on the imported goods.
Delivered Ex-Quay
a carrier that delivers cargo to the consignee of his agent.
delivering carrier
the process of delivering the consignment to the consignee at the agreed place
delivery
the physical or symbolic transfer of property of goods from a seller to a buyer.
delivery
a guaranty given by a shipping line to the collector of Customs for any cargo mis delivery.
delivery goods
instructions given to the inland carrier (as arranged by the forwarder) to deliver the goods to a particular pier of shipping line.
Delivery instructions
a record of goods delivered to a consignee
delivery note
a document issued by, or on behalf of, the carrier to authorize release of imported cargo stated in a single bill of lading.
delivery order
the party to whom the goods are delivered.
delivery party
the required and/or agreed time for the delivery of goods or services.
delivery schedule
the carriage of consignments from an airport of destination to a consignee, or to the custody of the Customs.
delivery service
the time that elapses between order and delivery of goods.
delivery time
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.
Delivery Verification Certificate
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.
demand draft
a notice coming from the Bureau of Customs requiring an importer or any individual or firm to settle an outstanding financial obligation.
demand letter
a promissory note payable on demand
demand note
similar to a cable rate, it is a rate that applies to banker’s drafts, wherein the transfer of funds is made through mail.
demand rate
latin: minimal, insignificant, frivolous.
de minimis
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
de minimis dumping margin
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.
de minimis regime
to lease something for a fee.
demise
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.
demise charter
measurement of cargo mass per unit volume or pound per cubic foot.
density
