Tariffs and Customs Terms I.1.71

Question 1

a contract by which one party undertakes to make good any loss or damage another party has incurred while acting at his request.

Answer 1

indemnity

Question 2

one who places an order for imported goods

Answer 2

indentor

Question 3

for imported goods often made by a foreign buyer to an export merchant or confirming house.

Answer 3

indent an order

Question 4

an agent who rely represents clients in a similar capacity

Answer 4

Independent agent

Question 5

a carrier allowed to publish its own freight rate different from what a bureau member. A classic example is the International Air Transport Association.

Answer 5

independent action

Question 6

a kind of layday provided for in a charter contract, which allows loading or unloading of cargoes without a definite time-frame. Such operations may be done “as customary,” “according to the custom of the port,” “with all despatch,” or “as fast as the streamer can receive/deliver.

Answer 6

indeterminate layday

Question 7

a regional trade arrangement among Comoros, France, Madagascar Mauritius, and Seychelles signed in 1992

Answer 7

Indian Ocean Commission

Question 8

sale of goods by the exporter through a domestic intermediary. It involves the use of independent export representatives who act as export managers for a number of firms. The Philippine International Trading Corporation is a classic example

Answer 8

indirect exporting

Question 9

a kind of importation made through a middlemen, such as an indentor, manufacturer’s representative, broker, agent, or jobber.

Answer 9

indirect importation

Question 10

a tax levied on sales and purchases, e.g., sales, excise, or value-added tax.

Answer 10

indirect tax

Question 11

a kind of marine insurance policy executed for a single shipment.

Answer 11

individual policy

Question 12

the person to whom an order has been indorsed and thus becomes payable to him.

Answer 12

indorsee

Question 13

signature in a document (a negotiable instrument) signifying approval of transfer of property ownership from one person to another.

Answer 13

indorsement

Question 14

the person who indorses a document to another.

Answer 14

indorser

Question 15

refers to a tract of land subdivided and developed according to a comprehensive plan under a unified continuous management and with provisions for basic infrastructure and utilities, with or without pre-built standard factory buildings and community facilities for the use of a community of industries.

Answer 15

industrial estate

Question 16

trademarks, inventions, industrial designs, and trade secrets protected by patent laws

Answer 16

industrial property

Question 17

1. ability of an electronic data interchange (EDI) standard to be used by only one industry

Answer 17

industry specific

Question 18

2. of use only to a group of firms with a common area of endeavor.

Answer 18

industry specific

Question 19

a kind of specificity wherein the government provides subsidy to a particular economic sector.

Answer 19

industry-specific

Question 20

a system used by the U.S. Department of Commerce to provide information on the size, competition, demand, and access as regards a foreign market

Answer 20

Industry Sub-sector Analysis

Question 21

substances which are spontaneously combustible or substances emitting inflammable gases when wet; or any solid material other than one classificated as explosive, which, under conditions incident to transportation is liable to cause fire through friction, absorption of the moisture spontaneous chemical changes, retained heat free manufacturing and processing or which can be ignited burns so vigorously and persistently hazard

Answer 21

Inflammable

Question 22

any liquid which gives off inflammable (flammable) vapors at or below at temperature of 80°F

Answer 22

inflammable liquids

Question 23

a survey administered to passengers who depart from the U.S. This is a means of gathering data on passenger profile, travel patterns, spending habits, travel dollar accounts

Answer 23

in-flight survey

Question 24

an import entry declaration made by a Customs examiner or appraiser in behalf of an importer or consignee. It generally covers personal effects or articles not in commercial quantity, importations of diplomatic officers, and household goods of returning residents (balikbayan else as contract workers, and those setting in the country as immigrants. These also refers to articles that are considered not of commercial value, and includes parcels landed through the postal route

Answer 24

informal entry

Question 25

one who provides intelligence information on any violation of Customs laws, like smuggling.

Answer 25

informant