Tariffs and Customs Terms JKL.1.77 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 directive jointly issued by the Philippine Department of Finance and the Bureau of Customs.
Joint Order
a rate over a route that requires two or more carriers to transport a shipment.
joint rate
an arrangement whereby a local and a foreign company invest together in a new venture. They share ownership, control and decision-making in the business.
joint venture
dividing a ship’s hold, or adding a new section, to accommodate more cargo.
jumboizing
power to hear and determine a legal case
Jurisdiction
a particular legal system or territory
Jurisdiction
a system that simplifies inventory-taking by balancing demand and supply of goods so they arrive just in time for immediate use.
just-in-time inventory system
a Japanese-style inventory system that keeps track of stocks as they are delivered just in time for immediate use.
Kanban system
a measure of purity of gold. Pure gold is 24-karat.
karat
longitudinal girder at the lowest point of a ship.
keel
a secure way of bank-to-bank communication.
Key Tested Telex
description of the packaging material for the transport of goods.
kind of packing
the speed of a vessel equivalent to one nautical line (6,080 feet or 1,852 meters) per hour.
knot
the 6th Asia Pacific Economic Cooperation
Kuala Lumpur Summit
International Convention on the Simplification and Harmonization of Customs Procedures.
Kyoto Convention
a piece of paper, plastic sheet, or metallic object attached to an article to indicate its nature, ownership, destination, contents, or her particulars.
label
loaded or burdened with cargo
laden
loaded with a loose, unboxed cargo
laden in bulk
the cargo carried by a transport vehicle.
lading
jettisoned goods attached to a floating object, and can still be recovered.
lagan
an economic doctrine that encourages minimum government intervention in economic and political affairs, and unrestricted competition among individuals.
laissez faire
a system wherein cargo is carried by sea, over land, and then loaded on board a ship again
land bridge
overland transport that carries container vans from coast to coast.
land bridge train
a mode of transport by land.
land carrier
the total cost of a product delivered at a port of destination; the production cost plus transportation cost, broker fee, bank charges, arrastre payments, duties and taxes, processing fee, wharfage dues.
Landed cost
