Tariffs and Customs Terms MN.1.87

Question 1

to secure a ship by means of a cable or anchor at a berthing area or pier.

Answer 1

moor

Question 2

a system of trade liberalization whereby a member of the General Agreement on Tariffs and Trade (GATT) commits itself to impose lowest tariff rates on imported items from another GATT. member. This treatment may also be given if specified in a bilateral agreement.

Answer 2

Most-Favored Nation Treatment

Question 3

the predecessor of the Agreement on Textiles and Clothing, it allowed imposition of quantitative restrictions in the importation of fiber, textiles and clothing, if they caused, or threatened to cause, serious damage to the domestic industry.

Answer 3

Multi-Fibre Arrangement

Question 4

an agreement involving three or more countries.

Answer 4

multilateral agreement

Question 5

a trade agreement among countries to address global and trans-boundary environment concerns, particularly on public health and safety, in the light of liberalized global trade encouraged by the World Trade Organization.

Answer 5

multilateral environment agreement

Question 6

trading system among three or more countries

Answer 6

multilateral trade

Question 7

a document that caters specifically to the requirements of regional and intercontinental multimodal transport, in North America or Europe, for instance.

Answer 7

Multimodal TIR (Transport International Routier) Camet

Question 8

carriage of merchandise by at least two different modes of transport

Answer 8

multimodal transport

Question 9

a negotiable or non-negotiable bill of lading for cargoes carried by different means of transport. Synonymous to a combined transport document, its terms cab be changed through electronic data interchange

Answer 9

multimodal transport bill of lading

Question 10

means a contract whereby a multimodal transport operator undertakes against payment of freight, to perform or to procure the performance of international multimodal transport

Answer 10

Multimodal transport contract

Question 11

means a document which evidences a multimodal transport contract the taking in charge of the goods by the multimodal transport operator, and an undertaking by him to deliver the goods in accordance with the terms of that contract.

Answer 11

Multimodal transport document

Question 12

the principal multimodal transport contract who provides different modes of cargo transport and services.

Answer 12

multimodal transport operator

Question 13

a business entity that owns or controls products or service facilities outside the country where it is based.

Answer 13

multinational company/corporation

Question 14

a warehouse operated by a multinational company holding office in the Philippines. It is licensed by the Board of Investments and by Customs to serve as a supply depot for the storage, deposit, and safekeeping of spare parts, manufactured components, and raw materials, including any packages, coverings, brands and labels, and warehouse equipment for use exclusively on the stored goods, which will be exported to Asia-Pacific markets.

Answer 14

multinational regional bonded warehouse

Question 15

a consignment made up of two or more shipments.

Answer 15

multiple package system

Question 16

otherwise known as multi-linear or three-line tariff, it is known as a tariff system that provides different tariff rates applicable in different countries

Answer 16

Multiple-schedule tariff system

Question 17

synonymous to a multi-purpose carrier, it is designed to transport varied cargoes, like general, bulk, heavy, containerized or special cargoes

Answer 17

Multi-purpose vessel

Question 18

a practice whereby a Customs inspector summons the entire complement of officers and seamen to find out if they are all aboard a ship.

Answer 18

master the crew

Question 19

notify party

Answer 19

N

Question 20

a code put at the Import Advise Note (Notice) number of the Clean Report of Findings indicating that the importer/consignee is new

Answer 20

N

Question 21

a marine insurance policy that covers only perils specified in the policy

Answer 21

named perils policy

Question 22

a Philippine government agency that issues clearance for the importation of color reproduction machines.

Answer 22

National Bureau of Investigation

Question 23

a Philippine government agency that drafts export strategies and targets, end coordinates export policies of the private sector and the government.

Answer 23

National Economic Development Authority

Question 24

a Philippine government agency that issues clearance for the importation of rice and corn

Answer 24

National Food Authority

Question 25

a Philippine government agency that approves private importation of rice in accordance with the Minimum Access Volume. The National Food Authority grants prior import permit for rice.

Answer 25

National Food Authority Council (NFA Council)