Tariffs and Customs Terms NO.1.90

Question 1

manufactured or processed export goods.

Answer 1

non-traditional exports

Question 2

a firm that publishes its own cargo freight tariff, issues its own bills of lading and assumes the responsibilities of a common carrier without operating its own vessel. It acts as a shipper in relation to the actual carrier, and as a carrier in relation to the shipper. it consolidates and distributes international containers to, and, from, inland ports.

Answer 2

Non-Vessel Operating Common Carrier

Question 3

the normal cargo rate imposed without discount.

Answer 3

normal charge

Question 4

similar to normal rate, it is the rate imposed on cargoes weighing under 45 kgs., or if no such rate exists, for those below 100 kgs.

Answer 4

normal general cargo rate

Question 5

entered into force in January 1994, it is a free trade agreement among Canada, U.S., and Mexico, and has five basic principles: a) non-discriminatory treatment, b) freedom from performance requirements, c) free transfer of investment funds, d) expropriation based on international law, and e) right to seek international arbitration.

Answer 5

North American Free Trade Agreement

Question 5

a scheme under the Common Effective Preferential Tariff which provides that products with tariff f, rates above 20% will be reduced to 0-5% by January 2003.

Answer 5

normal track tariff reduction

Question 6

the exporter’s domestic selling price, which is the comparable price in the ordinary course of trade for a like product intended for domestic consumption in the exporting country.

Answer 6

normal value

Question 7

refers to the ports of New York, Boston, Philadelphia, Baltimore, Norfolk, Newport, and Portland, all in the U.S.

Answer 7

Northern Range

Question 8

a situation wherein a transaction does not result in a sale, such as countertrade, donation, promotion, branch office transfer, lease, loan, or shipment on consignment.

Answer 8

no sale situation

Question 9

notice given by an importer to the Sugar Regulatory Administration (of the Philippines) on the expected arrival of a sugar shipment prior to filling or import clearance. It must specify the name of importer, type of sugar (whether raw or refined), volume of importation (in metric tons, kilograms or bags) country of origin, name of vessel, expected date of arrival, port of entry. Failure to give this notice automatically classifies sugar as “C” or Reserve sugar.

Answer 9

notice of arrival of sugar importation

Question 10

a document issued by the ship’s master to the charterers as soon as she is ready for cargo loading and unloading. It advices the charterers and the consignee (or his agent) of the arrival of goods. The ship is ready is she has arrived at the place of loading and unloading, and the handling equipment are put in place

Answer 10

notice of readiness

Question 11

a notice to an importer or consignee to claim his shipment within 15 days from the filing of entry, otherwise the goods will be abandoned in favor of the government.

Answer 11

notice to claim

Question 12

notice given to the government of an exporting country regarding an impending anti-dumping investigation.

Answer 12

notice of exporting country

Question 13

urgent notice to file entry

Answer 13

notice to file entry

Question 14

the address of a party other than a consignee, who is advised on the arrival of goods.

Answer 14

notify address

Question 15

a phrase found in most overseas transport contracts specifying the party to be advised on the arrival of goods. The party may be consignee himself or his agent, in which case the latter’s name and address appear on the document, usually a bill of lading. There is a box on the bill where the details of the “notify party” are shown

Answer 15

notify party

Question 16

a value of an imported good or merchandise not based on what actually happens in the market, or during the time of sale transaction, as reflected in actual prices, sales, and costs.

Answer 16

notional value

Question 17

a marine insurance clause which stipulates that the insurance firm will not undertake to insure in behalf of another carrier or bailee.

Answer 17

not to insure clause

Question 18

a principle of marine insurance wherein the ship-owner or agent may exempt himself from civil liability to third persons by abandoning the vessel, her equipment, and the freight collected during the voyage. The total loss or destruction of the vessel extinguishes all maritime liens.

Answer 18

No vessel, no liability

Question 19

a character set that contains digits, and may contain control characters and special characters, but not letter

Answer 19

numeric character set

Question 20

a bill of lading issued by a non-vessel operating common carriers.

Answer 20

Non-Vessel Operating Common carrier Bill of Lading

Question 21

also known as sporadic dumping or bargain basement counter, it is a king of dumping done when a country’s goods can no longer be sold at its domestic market after a selling season.

Answer 21

occasional dumping

Question 22

the difference between the freight for cargo aboard an American flag vessel, and that aboard a non-American flag vessel.

Answer 22

Ocean Freight Differential

Question 23

a major port served by a liner shipping company

Answer 23

ocean port

Question 24

outside the docking area, wharf, or pier.

Answer 24

off-dock