Tariffs and Customs Terms M.1.83

Question 1

freight calculated on measurements, such as in cubic meters or CBM,

Answer 1

M

Question 2

sea mile

Answer 2

M

Question 3

million

Answer 3

M

Question 4

monetary aggregate

Answer 4

M

Question 5

North African countries – Algeria, Morocco and Tunisia with which the European Community has preferential trade agreement.

Answer 5

Maghreb

Question 6

measurement of heaviness of a shipment loaded in trucks, trailers, and other similar vehicles

Answer 6

magna weighing

Question 7

the first voyage of a vessel or aircraft after its delivery to the owner.

Answer 7

maiden voyage

Question 8

an order by one person to a foreigner to pay a beneficiary through mail

Answer 8

mail transfer

Question 9

an organization’s central computer system

Answer 9

mainframe

Question 9

a berth that serves large ships carrying imported goods

Answer 9

main berth

Question 10

a term that broadly applies to huge, dominant, well-entrenched multinational oil companies

Answer 10

major

Question 11

European term for vendor or seller.

Answer 11

maker

Question 12

commission on a wrongful act.

Answer 12

malfeasance

Question 13

state of mind of a person who deliberately commits a wrongful act.

Answer 13

malice

Question 14

“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.

Answer 14

man made

Question 15

a document issued by a vessel itemizing all cargoes in her hold, their marks, numbers, quantity, description of packages, shippers, consignees, destination.

Answer 15

manifest

Question 16

an error inadvertently committed in an invoice or entry, and clearly visible or obvious to common understanding

Answer 16

manifest clerical error

Question 17

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

Answer 17

Manila Action Plan for APEC

Question 18

a regional trade arrangement among Guinea, Liberia and Sierra Leone, signed in 1973. Guinea, however, joined in 1980

Answer 18

Mano river Union

Question 19

the application of labor-power to create a finished article, which is different (in form and name) from the raw material used in production.

Answer 19

manufacture

Question 20

a plate that indicates the name and address of the maker of the maker and its particulars.

Answer 20

Manufacturer’s plate

Question 21

Mexico’s policy of allowing foreign firms to ship raw materials in to her ports, duty-free, for assembly and re-export.

Answer 21

Maquiladora

Question 22

the cost incurred to produce an additional output.

Answer 22

marginal cost

Question 23

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

Answer 23

Margin of Preference

Question 24

a kind of marine insurance that covers cargo damage or loss during sea voyage, like fire, shipwreck, piracy, and other risks.

Answer 24

marine cargo insurance