Tariffs and Customs Terms D.1.44 Flashcards
Terms and meaning from Dictionary of Tariff and Customs Terms with organization and functions of the various Offices of the Bureau of Customs.
penalty paid by the shipper or consignee to the ship-owner, for a vessel’s stay in the pier beyond the period within which cargo loading and unloading must be made
demurrage
a situation wherein the imported cargo has not been picked up within the prescribed time
demurrage
a fee imposed on carriers and /or customers for the use of unit load devices beyond an agreed period
demurrage
the mass of a commodity in relation to volume.
density of commodity
a rate based on the density and weight of shipment.
density rate
a Philippine agency that issues clearance for the importation of agricultural products, like corn (and its substitutes, including wheat used for feeds), poultry and poultry products, hogs and pork products, meat and meat products produced locally in sufficient quantity. It issues the Minimum Access Volume Certificate for said products.
department of Agriculture
a Philippine government agency that issues clearance for the importation of motor vehicles, parts and components; truck and automobile tires and tubes, used such articles of all sizes, and no-dollar imports of used motor vehicles, passenger cars, station wagons, jeeps, racing cars, components, parts and/or accessories for assembly of Asian utility vehicles and light commercial vehicles by participants in the vehicle development program; used ambulance, hearses, crane lorries, mobile drilling derricks, fire fighting vehicles, mobile radiological units, completely knocked-down vehicles, buses, used road tractors for semi-trailers, other chassis fitted with engines, bodies (including cabs), motorcycles, components, parts and/or accessories for motorcycle manufacturing program for assembly of motorcycles; scooters, saddles of motorcycles, parts, and parts of sidecars.
Department of Trade and Industry
a situation wherein the means of transport departed late.
departure delay
it is the return of an alien to his country who has broken the conditions upon which he could continue to reside in the Philippines. Proceedings for deportation are not criminal but administrative proceedings and are summary in nature.
deportation
the term “deposit in bank is a sum of money deposited by a depositor by virtue of which the relationship created between the depositor and the bank is that of creditor and debtor.
deposit
duties that must be deposited upon entry of imported goods, which are subject of an action for anti-dumping
deposit of estimated duties
a document issued by a bank or a warehouse to evidence ownership of a property deposited therein.
depository receipt
a facility or warehouse where empty containers are kept, received, or delivered.
depot
the expense incurred for the wear and tear, obsolescence, and salvage value of a plant, machinery, or equipment
depreciation
in motor vehicles, it is computed at 10% per year, counted downwards from the current year, which has a zero ___________rate. Those with piston displacement of 2000 cc and above may be given a maximum of 50%, while those below, up to 70%.
depreciation
