Tariffs and Customs Terms M.1.86

Question 1

a regional trade arrangement signed in 1991 to establish a free trade area between Mexico and Central American economies

Answer 1

Mexico Central America

Question 2

a card used for the capture and authentication of data.

Answer 2

micro-circuit smart card

Question 3

an international transport system in large countries (e.g., Russia and U.S.) wherein the shipment is moved from one country to another by water, then by railroad to an interior non-port city, or vice-versa.

Answer 3

micro-land bridge

Question 4

an intermediary between a seller and a buyer, or between a manufacturer and a retailer.

Answer 4

middleman

Question 5

a freight rate based on the number of miles covered to transport cargo

Answer 5

Mileage rate

Question 6

the last round of multilateral trade negotiation in 1999., under the World Trade Organization, with the end in view of further opening markets of member-economies to globalization

Answer 6

Millennium Round

Question 7

carriage of containerized cargo from a port of loading to a transit port, before ultimately reaching the port of destination Stop-over to a transit port are common in the U.S. for purposes of convenience.

Answer 7

minibridge

Question 8

an intermodal transport system in large countries (e.g. Russia and U.S.0 wherein the shipment is moved by water, then by railroad, to a port city, or vice versa.

Answer 8

mini-land bridge

Question 9

a document issued by the Philippine Department of Agriculture to authorize importation of certain volume of specified agricultural products.

Answer 9

Minimum Access Volume Import Certificate

Question 10

a limit to the volume or quantity of certain agricultural products that can be imported in to the country.

Answer 10

Minimum Access Volume

Question 11

the least amount at which a bidder is allowed to tender his bid.

Answer 11

minimum bid price

Question 12

it is the least amount of payment due from port users based on prescribed rates.

Answer 12

minimum charge

Question 13

the minimum cargo weight required to avail of truck freight discount.

Answer 13

minimum weight

Question 14

warehouse a warehouse licensed by Customs to receive and store, s, without payment of duties and taxes, imported materials, except garments and textiles, but including packing and labels, for the purpose of processing them into finished import products.

Answer 14

miscellaneous manufacturing bonded

Question 15

failure of an importer or agent to declare to an import entry the correct tariff heading and tariff duty of a particular import product.

Answer 15

misclassification

Question 16

failure of a carrier, forwarder or agent to deliver an imported cargo to the consignee specified in a transport document

Answer 16

misdelivery

Question 16

failure of an importer or agent to state in an import entry or invoice the correct nature, quality, or characteristics of an imported article.

Answer 16

misdeclaration

Question 17

a false statement or conduct made by one person to another amounting to a false assertion.

Question 18

order an authority to inspect; observe, or audit a warehouse or premises, where imported raw materials are being stored for eventual export. It also empowers bearer to confiscate contraband found therein.

Answer 18

mission order

Question 19

cargo varied cargoes carried aboard a ship.

Answer 19

mixed cargo

Question 20

simultaneous carriage of regulated and exempt commodities in a vehicle.

Answer 20

mixed loads

Question 21

a quota system which requires that in the manufacture of certain goods, a certain proportion of raw materials from local source should be used.

Answer 21

mixing and milling quota system

Question 22

a general-purpose crane that can move around a port.

Answer 22

mobile crane

Question 23

miniature replicas of hotels, airplanes, boats, etc., displayed in show windows of travel agency offices. Also refers to models of women’s wearing apparel imported not for sale, but for use of a manufacturing firm.

Answer 23

models not adopted for practical use

Question 24

exclusive control of a market or property by a person or firm.

Answer 24

monopoly