Tariffs and Customs Terms JKL.1.77

Question 1

a directive jointly issued by the Philippine Department of Finance and the Bureau of Customs.

Answer 1

Joint Order

Question 2

a rate over a route that requires two or more carriers to transport a shipment.

Answer 2

joint rate

Question 3

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.

Answer 3

joint venture

Question 4

dividing a ship’s hold, or adding a new section, to accommodate more cargo.

Answer 4

jumboizing

Question 5

power to hear and determine a legal case

Answer 5

Jurisdiction

Question 6

a particular legal system or territory

Answer 6

Jurisdiction

Question 7

a system that simplifies inventory-taking by balancing demand and supply of goods so they arrive just in time for immediate use.

Answer 7

just-in-time inventory system

Question 8

a Japanese-style inventory system that keeps track of stocks as they are delivered just in time for immediate use.

Answer 8

Kanban system

Question 9

a measure of purity of gold. Pure gold is 24-karat.

Answer 9

karat

Question 10

longitudinal girder at the lowest point of a ship.

Answer 10

keel

Question 11

a secure way of bank-to-bank communication.

Answer 11

Key Tested Telex

Question 12

description of the packaging material for the transport of goods.

Answer 12

kind of packing

Question 13

the speed of a vessel equivalent to one nautical line (6,080 feet or 1,852 meters) per hour.

Answer 13

knot

Question 14

the 6th Asia Pacific Economic Cooperation

Answer 14

Kuala Lumpur Summit

Question 15

International Convention on the Simplification and Harmonization of Customs Procedures.

Answer 15

Kyoto Convention

Question 16

a piece of paper, plastic sheet, or metallic object attached to an article to indicate its nature, ownership, destination, contents, or her particulars.

Answer 16

label

Question 17

loaded or burdened with cargo

Answer 17

laden

Question 18

loaded with a loose, unboxed cargo

Answer 18

laden in bulk

Question 19

the cargo carried by a transport vehicle.

Answer 19

lading

Question 20

jettisoned goods attached to a floating object, and can still be recovered.

Answer 20

lagan

Question 21

an economic doctrine that encourages minimum government intervention in economic and political affairs, and unrestricted competition among individuals.

Answer 21

laissez faire

Question 22

a system wherein cargo is carried by sea, over land, and then loaded on board a ship again

Answer 22

land bridge

Question 23

overland transport that carries container vans from coast to coast.

Answer 23

land bridge train

Question 24

a mode of transport by land.

Answer 24

land carrier

Question 25

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.

Answer 25

Landed cost