Tariffs and Customs Terms FG.1.64 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 trailer truck designated so that the weight of cargo rests on the wheels
full trailer
an acknowledgement made by the recipient of electronic data as per ASC X12 standards. This is not really used as an acknowledgement, but only to report to the sending party any problem encountered in the analysis of data syntax.
functional acknowledgement
products that can be substituted by other goods.
fungibles
moveable bridge for boarding or leaving vessel.
gangplank
opening in a ship or rail side
gangway
a crane on wheels
gantry crane
a Philippine government agency that facilitates export of garments and textiles, manages quota system therefore, negotiates with traders, approves export documents, and assist in the importation of raw materials to be made into export products
Garments and Textile Export Board
a common bonded manufacturing warehouse licensed by both Customs and the Garments and Textile Export Board, receive and store, without paying duties and taxes, imported garments and textiles, raw materials, including packing and labels, for processing into finished export products.
garments/textile manufacturing bonded warehouse
any material or mixture in a container having an absolute pressure exceeding 40 ps at 70 °F; or regardless of the pressure at 7°F; having absolute pressure exceeding 10 psi at 1300F or vapor pressure exceeding 10 psi absolute at 1000F; as determined by test for vapor pressure or petroleum products.
gases compressed, liquefied or dissolves under pressure
a guard stationed at the Customs exit gate and checks if a container, truck, van, or vehicle, laden with goods, has accompanying gatepass
gatekeeper
a Customs document authorizing the release of shipments from its premises.
gateway
includes diamond, ruby, emerald, sapphire, opal, amethyst, beryl, topaz, garnet, and all other gems and stones used in jewelry-making.
gemstone
a multilateral treaty that codifies rules in international trade and sets forth the rights and obligations of each signatory. It serves as. a forum of discussion on reduction of trade barriers and a center of trade dispute settlement.
General Agreement on Tariffs and Trade, 1947
the first multilateral agreement that provides legally enforceable rights with respect to trade in all services. It covers all modes of supplying a service, including establishment of commercial presence in the export market.
General Agreement on Tariffs in Services
a marine cargo insurance clause which provides that the general average and salvage charges are payable according to the law of the place where the sea voyage ends, or according to the York-Antwerp Rules if the affreightment contract so provides.
general average clause
a kind of average involving extraordinary sacrifice or expenditure, voluntarily and reasonably made to preserve the ship’s cargoes, which encounter marine perils during voyage. Such sacrifice and expenditure are apportioned among the owners of the cargoes. It involves a) throwing of cargo over-board during a storm or to lighten the vessel’s burden, b) burning cargo to call a port when the supply is exhausted, c) payment of expenses for the maintenance of the crew when the vessel is forced to lay over in a nearby port during a storm, d) cutting away the superstructure to lighten the vessel, e) other losses incurred voluntarily for the interest of all parties concerned
general average
the proportionate share of each cargo-owner in the general average. It is included in the value of marine cargo insurance
general average contribution
the amount of general average contribution deposited in a bank under the name of two trustees, who are nominated by the ship owner arid the depositors
General average deposit
expenses for the discharge of cargo, repair of the ship at the port of refuge, hiring of tugs to refloat a stranded ship, wages and provisions during delay, etc., brought about by general average
general average expenditure
a partial loss of cargo property caused by a general average.
general average loss
a sacrifice that includes jettisoning of cargo, slipping of anchor and cable to avert fire of peril, cutting off the ship’s masts, etc.
general average sacrifice
a bond, cash deposit, or guarantee given by a shipper to the general average adjuster to secure his proportionate share in the general average and thereby obtain the goods from the shipping line
general average security
a law that requires warehouses to be bonded as a protection to depositors goods. It also mandates that stored goods must be insured against fire for their full value.
General bonded Warehouse Act
means those that are listed in a number of bills of lading, each consisting of different commodities. These include cargoes but are not limited to baggage cargoes, crates, cylinders, cases, baskets, bales, rolls drums and such other like or similar types of packing, including vehicles, live animals, crated or uncrated fowls such as chicken, ducks and the like and other loose cargoes.
general break bulk cargo
a freight rate that applies even less container load cargoes, even if not specified in a published freight schedule.
general cargo rate
