Tariffs and Customs Terms F.1.60

Question 1

A person, or firm that serves as the representative of a supplier in forging sales abroad.

Answer 1

foreign sales agent

Question 2

Trade from the point of view of a country or group of countries trading as a unit

Answer 2

foreign trade

Question 3

Administrative and technical aspects of an export or import transaction

Answer 3

foreign trade techniques

Question 4

refers to any article arriving at the port from a foreign port or place destined for re-shipment to another foreign port

Answer 4

foreign transshipment cargo

Question 5

is an authority issued by the Collector of Customs or his duly authorized representative to affect transfer of cargo from the port of discharge orb a foreign port

Answer 5

foreign transshipment permit

Question 6

a system whereby banks and finance firms buy the obligations of importers without recourse to exporters

Answer 6

forfeiting

Question 7

of draft or bill of exchange payable at a future date, or two or more bills which dates of payments are spread out over a longer period. These bills can finance a credit required by a buyer

Answer 7

Forfeiting avalised bills of exchange

Question 8

a legal action taken by Customs to divest an owner of title over a shipment.

Answer 8

forfeiture

Question 9

a legal action by Customs against a bond of failure to fulfill the conditions specified therein. A penalty is also imposed.

Answer 9

Forfeiture of bond

Question 10

generally, with respect to purely procedural matters, forfeiture proceedings may be either civil or criminal, and may be in rem or in personam. If they are under a statute such that if an indictment is presented the forfeiture can be included in the criminal case they are criminal in nature, although they may be civil in form; and where it must be gathered from the statute that the, action is meant to be criminal in its nature, it cannot be considered as civil, if, however, the proceeding does not involve the conviction of the wrongdoer for the offense charged the proceeding is of a civil nature; and under statutes which specifically so provide, where the act or omission for which the forfeiture is imposed is not also a misdemeanor, such forfeiture may be sued for and recovered in a civil action.

Answer 10

forfeiture proceedings

Question 11

a motor vehicle with fork that can lift, lower, or move cargo.

Answer 11

fork lift

Question 12

openings on the side of a container designed for entry of a truck’s fork.

Answer 12

fork pockets

Question 13

a kind of Customs entry made directly by the importer, or broker, on all goods of commercial quantity and value. It excludes personal effects, diplomatic articles, household rems, postal parcels, and those made by returning residents of immigrants

Answer 13

formal entry

Question 14

the value created when an article is processed into another form

Answer 14

form of utility

Question 15

a system that details the usage of imported raw materials for production of export goods. It indicates the percentage of wastes and by-products, and the stage of production at which they will be generated.

Answer 15

formula of conversion

Question 16

an event which takes place by accident and could not have been foreseen, such as destruction of houses, unexpected fire, shipwreck and violence.

Answer 16

fortuitous event

Question 17

a unit of cargo measurement equivalent to one forty-foot container van.

Answer 17

forty-foot equivalent unit

Question 18

at, near, or towards the bow or front of a vessel or aircraft

Answer 18

forward

Question 19

a supply contract whereby the buyer is obliged to receive delivery from the seller, for a price on a future date. Payment in full is made at the time of, or following, delivery.

Answer 19

forward contract

Question 20

one who transport merchandise.

Answer 20

forwarder

Question 21

a bill of lading issued by a freight forwarder to cover a number of consignments

Answer 21

forwarder’s bill of lading

Question 22

a document issued by a freight forwarder certifying that the goods have been shipped on a designated vessel or transport service.

Answer 22

forwarder’s certificate of shipment

Question 23

a document issued by a freight forwarder, and serves as evidence of receipt of goods.

Answer 23

forwarder’s certificate receipt

Question 24

a document issued by a freight forwarder authorizing a person to deliver the goods to another, who is not the one indicated on the consignment note.

Answer 24

forwarder’s delivery order

Question 25

a charge paid by a forwarder for preliminary air cargo transport to the airport of departure.

Answer 25

forwarding charge