Tariffs and Customs Terms M.1.86 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 regional trade arrangement signed in 1991 to establish a free trade area between Mexico and Central American economies
Mexico Central America
a card used for the capture and authentication of data.
micro-circuit smart card
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.
micro-land bridge
an intermediary between a seller and a buyer, or between a manufacturer and a retailer.
middleman
a freight rate based on the number of miles covered to transport cargo
Mileage rate
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
Millennium Round
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.
minibridge
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.
mini-land bridge
a document issued by the Philippine Department of Agriculture to authorize importation of certain volume of specified agricultural products.
Minimum Access Volume Import Certificate
a limit to the volume or quantity of certain agricultural products that can be imported in to the country.
Minimum Access Volume
the least amount at which a bidder is allowed to tender his bid.
minimum bid price
it is the least amount of payment due from port users based on prescribed rates.
minimum charge
the minimum cargo weight required to avail of truck freight discount.
minimum weight
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.
miscellaneous manufacturing bonded
failure of an importer or agent to declare to an import entry the correct tariff heading and tariff duty of a particular import product.
misclassification
failure of a carrier, forwarder or agent to deliver an imported cargo to the consignee specified in a transport document
misdelivery
failure of an importer or agent to state in an import entry or invoice the correct nature, quality, or characteristics of an imported article.
misdeclaration
a false statement or conduct made by one person to another amounting to a false assertion.
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.
mission order
cargo varied cargoes carried aboard a ship.
mixed cargo
simultaneous carriage of regulated and exempt commodities in a vehicle.
mixed loads
a quota system which requires that in the manufacture of certain goods, a certain proportion of raw materials from local source should be used.
mixing and milling quota system
a general-purpose crane that can move around a port.
mobile crane
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.
models not adopted for practical use
exclusive control of a market or property by a person or firm.
monopoly
