Tariffs and Customs Terms D.1.46

Question 1

includes crude oil, heavy diesel oil, fuel and furnace oils, and some grades of gas

Answer 1

dirty oil

Question 2

amount of money by a ship’s agent and recovered from the carrier.

Answer 2

disbursement

Question 3

a clause in a cargo marine insurance policy that enumerates the additional insurance allowed over and above the agreed value of hull and machinery

Answer 3

disbursement clause

Question 4

a marine insurance that covers disbursements (to make the ship fit for sea voyage) not exceeding 10% of the insured value of the ship’s hull and machinery.

Answer 4

disbursements insurance

Question 5

sequence the sequence of unloading containers from a vessel.

Answer 5

discharge

Question 6

the purchase by a bank or finance house of a draft or bill of exchange, at face value less interest

Answer 6

discount

Question 7

a certain percentage deducted from the original floor price of an article sold at auctions

Answer 7

discount

Question 8

a percentage deducted from the value of merchandise that has deteriorated or lost commercial value

Answer 8

discount

Question 9

a market where draft and bills of exchange are bought and sold.

Answer 9

discount market

Question 10

the difference between the declared and actual contents of a shipment.

Answer 10

discrepancy

Question 11

the report submitted by the examiner, spot-checker, or apprehending officer showing the difference between the declared and the actual contents of a shipment. The report is the basis of re-assessment of correct duties and taxes, or forfeiture of a shipment

Answer 11

discrepancy report

Question 12

often referred to as a managed account, an arrangement in which the holder of an account gives power of attorney to someone else, often a broker, to buy and sell goods without prior approval of the account holder.

Answer 12

discretionary account

Question 13

also referred to as reliatory duty, it is imposed on imported goods (even up to 100% ad valorem) that discriminate against Philippine commerce.

Answer 13

discriminatory duty

Question 14

to schedule and send a means of transport off, like a vessel or aircraft.

Answer 14

dispatch

Question 15

similar to dispatch note, it advises the consignee on the details of the shipment and the fact of its delivery.

Answer 15

dispatch advise

Question 16

a situation wherein the goods and/or equipment have been transported

Answer 16

dispatched

Question 17

activities of a carrier, like control of equipment, procurement of terminal space, and provision of fuel, drivers and crew.

Answer 17

dispatching

Question 18

a document that accompanies post parcels.

Answer 18

dispatch note

Question 19

the measure of volume of water displaced by a floating object, like a vessel, and expressed either in cubic feet or in tons. One ton (2,240 pounds) is equal to 35 cubic feet.

Answer 19

displacement

Question 20

also called a one-way or expendable pallet, it is one made to be discarded after use.

Answer 20

disposable pallet

Question 21

disposal of goods (often abandoned or forfeited) through condemnation, donation, or any legal means of release from Customs custody.

Answer 21

disposal of goods

Question 22

the activities related to inland movement of empty and full containers.

Answer 22

dispositioning

Question 23

resolution of opposing claims through an intermediary

Answer 23

dispute settlement

Question 24

under the World Trade Organization, it is a system used to resolve trade problems of member-countries through negotiation or with the help of a panel of experts.

Answer 24

dispute settlement

Question 25

a freight paid on cargo unloaded at a port other than the original port of destination. This happens when a vessel encounters marine perils and calls an alternative safe port.

Answer 25

distance freight