Tariffs and Customs Terms F.1.57

Question 1

a U.S. regulatory agency that controls services, practices, and agreements of international water common carriers and non-contiguous domestic water carriers.

Answer 1

Federal Maritime Commission

Question 2

a consortium wherein firms with complementary products set up a joint marketing facility abroad, which will provide administrative, financial, and technical support.

Answer 2

federated marketing

Question 3

a berth that caters to smaller ships from regional ports.

Answer 3

feeder berth

Question 4

a cargo ship that connects ocean-going vessels to inter-island ports.

Answer 4

feeder ship

Question 5

a cushion made of rubber, wood, or rope, hung on a ship’s side to protect it during docking.

Answer 5

fender

Question 6

a Philippine agency that issues clearance for the importation of pesticides, including agricultural insecticides, fumigants, intermediate preparations for the manufacture of agricultural insecticides, fungicides, herbicides, anti-sprouting products, plant-growth regulators, and rat poisons.

Answer 6

Fertilizer and Pesticides Authority

Question 7

includes needledom felt and fabrics consisting of a wed of textile fabrics, the cohesion of which have been enhanced by a stick bonding process using fibers from the wed itself.

Answer 7

felt

Question 8

a non-existing consignee named in an import document.

Answer 8

fictitious consignee

Question 9

any name other than word or words used to distinguish or identify a particular person, which that person publicly applies himself without authority of law.

Answer 9

fictitious name

Question 10

a contractual of insured against lost from misconduct.

Answer 10

Fidelity bond

Question 11

the requirement that filing fees be paid before a court can acquire jurisdiction over the case does not apply to a compulsory counterclaim. It applies only to a complaint or permissive counterclaim.

Answer 11

filing fees

Question 12

may mean one on an issue of appealability, but it may mean another thing on the issue of conclusiveness or binding effect. For the purpose of appeal, final judgment is one which disposes of the case on the merits and leaves nothing more to be done by the trial court. A judgment will be deemed final or executory after the expiration of the time allowed by law for appeal therefrom, or, when appeal is perfected, after the judgment is rendered by the appellate court.

Answer 12

final

Question 13

the last port of destination after a series of stop-over, where goods or passengers will be unloaded.

Answer 13

final destination

Question 14

final computation or adjustment of duties

Answer 14

final liquidation

Question 15

the expiry period of one year from the date of final payment of duties, in the absence of fraud or protest case, when articles have been cleared from Customs

Answer 15

final liquidation

Question 16

a situation wherein a chartered vessel has passed the boundary of a port, and is ready to proceed with sea voyage

Answer 16

final sailing

Question 17

the electronic exchange of payments, payment data, or financial documents between trading partners.

Answer 17

financial electronic data interchange

Question 18

articles of personal adornment made of precious metals, stones, pearls or combinations thereof (e.g., rings, bracelets, necklaces, brooches, earrings, watch-chains, fobs, pendants, ties, pins, cuff links, combs, tiaras, dress-studs, or other medals or insignias). It also refers to articles made of precious metals, with or without stones for personal use of a kind normally carried in the pocket or handbag, (e.g., cigarette cases, powder boxes, chain purses, cache boxes).

Answer 18

fine jewelry

Question 19

products that are completely manufactured, packaged, stored, and ready for distribution.

Answer 19

finished goods inventory

Question 20

the carrier that performs the first part of air cargo transport.

Answer 20

first carrier

Question 21

American term for free on board (FOB).

Answer 21

first cost

Question 22

a warehousing method whereby the goods longest in stock (first in) are used, delivered, and/or consumed first (first out)

Answer 22

first in first out

Question 23

a warehousing method whereby the goods longest in stock (first in) are used, delivered, and/or consumed first (last out)

Answer 23

first in last out

Question 24

the first page of a draft or bill of exchange, if there is only one copy.

Answer 24

first of exchange

Question 25

the prior right of the ship-owner to negotiate with a charterer. This situation comes into play when the broker of the ship-owner also negotiates with a prospective charterer.

Answer 25

first of refusal