Tariffs and Customs Terms M.1.83 Flashcards
Terms and meaning from Dictionary of Tariff and Customs Terms with organization and functions of the various Offices of the Bureau of Customs.
freight calculated on measurements, such as in cubic meters or CBM,
M
sea mile
M
million
M
monetary aggregate
M
North African countries – Algeria, Morocco and Tunisia with which the European Community has preferential trade agreement.
Maghreb
measurement of heaviness of a shipment loaded in trucks, trailers, and other similar vehicles
magna weighing
the first voyage of a vessel or aircraft after its delivery to the owner.
maiden voyage
an order by one person to a foreigner to pay a beneficiary through mail
mail transfer
an organization’s central computer system
mainframe
a berth that serves large ships carrying imported goods
main berth
a term that broadly applies to huge, dominant, well-entrenched multinational oil companies
major
European term for vendor or seller.
maker
commission on a wrongful act.
malfeasance
state of mind of a person who deliberately commits a wrongful act.
malice
“Synthetic and Artificial” shall filaments of organic polymers produced by manufacturing process, either; a.) by, polymerization of organic monomers, such as polyamides, polyesters, polyurethanes or polyvinyl derivatives or; (b) chemical transportation of natural organic polymers (for ex. Cellulose, case in, proteins of algas) such as viscose, cellulose, acetate, cupro or alginates.
man made
a document issued by a vessel itemizing all cargoes in her hold, their marks, numbers, quantity, description of packages, shippers, consignees, destination.
manifest
an error inadvertently committed in an invoice or entry, and clearly visible or obvious to common understanding
manifest clerical error
a document that compiled initial individual action plans of members of the Asia-Pacific Economic Cooperation APEC Council to achieve the objectives outlined in Bogor, Indonesia, viz., development of human capital; fostering safe and efficient capital markets; strengthening economic infrastructure; harnessing future technologies; promoting environmental sustainable growth; and encouraging the growth of small- and medium-size enterprises. It is the 4” APEC meeting
Manila Action Plan for APEC
a regional trade arrangement among Guinea, Liberia and Sierra Leone, signed in 1973. Guinea, however, joined in 1980
Mano river Union
the application of labor-power to create a finished article, which is different (in form and name) from the raw material used in production.
manufacture
a plate that indicates the name and address of the maker of the maker and its particulars.
Manufacturer’s plate
Mexico’s policy of allowing foreign firms to ship raw materials in to her ports, duty-free, for assembly and re-export.
Maquiladora
the cost incurred to produce an additional output.
marginal cost
the percentage tariff reduction or tariff discount on existing tariff granted under the ASEAN are preferential Trade Agreement (ASEAN-PTA) and the ASEAN Industrial Joint Ventures/Brand-to-Brand Complementation (Scheme). It is allowed if the product meets the criteria of the Rules of Origin under the ASEAN-PTA
Margin of Preference
a kind of marine insurance that covers cargo damage or loss during sea voyage, like fire, shipwreck, piracy, and other risks.
marine cargo insurance
