Tariffs and Customs Terms HI.1.69

Question 1

a central commercial transshipment point that serves a number of exports and importers

Answer 1

hub

Question 2

an airport that’s serves connecting flights, or as a focal point where long-distance flights begin or end.

Answer 2

hub airport

Question 3

the outer cover of a ship made of steel plates and other suitable materials that prevent water seepage

Answer 3

hull

Question 4

a marine policy that covers loss or damage to the vessel’s hull, machinery, and complete equipment, due to accidents in cargo, loading, discharge or shifting; explosions on the ship, bursting of boilers; shaft breakage; breakdown of reactors; negligence of officers and crew

Answer 4

hull insurance

Question 5

the safeguard of a ship’s non-cargo operations, as instructed by the captain or the ship-owner.

Answer 5

husbanding

Question 6

an airline that is a member of the International Air Transport Association

Answer 6

International Air, Transport Association member

Question 7

a standard clause in a charter contract that directs the ship’s route if it cannot enter a port because of huge blocks of ice, or if the vessel encounters an ice mass while in the port. The clause sets forth the rights and obligations of the ship-owner and the charterer in such situations

Answer 7

ice clause

Question 8

goods that are the same in all respects, like physical characteristics, quality, and reputation. They must have been exported to an importing country at about the same time; produced in the same country of origin; sold at the time level and quantity; must involve no assist in the importing country; and must have a transaction value.

Answer 8

identical goods

Question 9

the alternative Customs value of imported goods if their transaction value cannot be determined. It is the second method of valuation

Answer 9

identical goods value

Question 10

the time during which a transport equipment is not being used.

Answer 10

idle time

Question 11

a situation wherein the goods and/or equipment, previously on a wrong course, are on their way to a correct destination

Answer 11

ill-routed consignment reforwarder

Question 13

man-made reproduction, copy, imitation, likeness and semblance of any precious stones, processed, manufactured, or done in any method

Answer 13

imitation of gemstones

Question 14

non-precious metals electroplated to stimulate precious metals.

Answer 14

imitation of precious metals

Question 15

an order that must be filled immediately, otherwise it is cancelled

Answer 15

immediate or cancel

Question 16

the act of starting an electronic data interchange (EDI) system

Answer 16

implementation

Question 17

a set of guidelines given by an electronic data interchange partner, detailing the way transaction should be executed

Answer 17

implementation guide

Question 18

in Customs, a kind of abandonment that happens when the importer fails to file an entry within 30 days from the unloading of the very last cargo from the vessel or aircraft; this period cannot be extended. It also happens when the importer, after having filed an entry, fails to claim the shipment within 15 days, from notice to claim the same

Answer 18

implied abandonment

Question 19

a kind of warranty in a marine insurance policy which clearly signifies that the vessel is seaworthy to meet a marine peril, that it follow the agreed or customary route, and that every sea adventure is lawful

Answer 19

implied warranty

Question 20

a notice from a financial institution to an exporter or a supplier overseas once a letter of credit has been opened in behalf of an importer. This advices the supplier to arrange for pre-shipment inspection at its premises or at the port of loading immediately prior to shipment

Answer 20

import advice notice/note

Question 21

are cargoes coming from a foreign country brought to a pier, wharf or bulkhead by vessel coming from a foreign port

Answer 21

import cargoes

Question 22

a document issued by a government agency authorize importation of particular goods (e,g., rice or sugar) as a means to control their domestic channeling and protect local industry concerned

Answer 22

import certificate

Question 23

an economic policy that encourages monitoring and regulation of imports that compete with local products

Answer 23

import clearance regime

Question 24

all documents that bear on imported goods, such as invoice, bill of lading, packing list, phytosanitary or quarantine permits, preferential treatment certificate, etc.

Answer 24

import documents

Question 25

Customs duties, taxes, fees, or other charges, collected on imported goods, but excluding fees and charges for the cost of administrative services rendered at the port of destination

Answer 25

import duties and taxes