Tariffs and Customs Terms O.1.91 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 container yard or Container Freight Station outside the docking area, wharf, or pier
off-dock CY/CFS
a request to buy certain goods or services at a specific price.
offer
a situation wherein a chartered ship is not in operation due to engine breakdown, repair drydocking, etc.
off-hire
a situation wherein a hired equipment has been returned to its owner.
off-hire
inspection of ships condition upon her re-delivery from a charter voyage.
of hire survey
outside a country’s jurisdiction or tax regime
offshore
an umbrella term for a broad range of industrial and commercial compensation practices required as a condition of purchase in commercial or government-to-government sales of either military or high-cost civilian hardware
offsets
manufacture of goods overseas by a domestic firm for its own use.
offshore manufacturing
a vessel designed to carry either dry or liquid bulk cargo.
oil bulk ore carrier
a port that mainly handles oil, it has deep water jetties for large oil tankers, and has storage tanks and refineries.
oil port
as defined by the U.S. Department of Commerce, it refers to large-scale manufacturing firms with export sales 15% greater than their total sales.
old-to-market
a bill of lading which indicates that cargo has been received on board a designated ship, and duly signed by her or master or agent.
on-board bill of lading
the carriage of containerized cargo from a vessel at the port of discharge to the place of delivery.
on carriage
inspection of a ship’s condition during her delivery for charter voyage.
on-hire survey
synonymous to terms like local charge, local rate, or online rate, it is the freight imposed on cargoes carried along the routes of a single carrier
on-line charge
a Customs that electronically issues and transmits cargo release instructions from a Customshouse to the arrastre firm, warehouse, and off-dock operators.
On-Line Release System
a trade arrangement wherein goods are shipped to a foreign buyer on credit. Since this is risky, the supplier must make sure the buyer’s integrity is beyond question.
open account
a bill of lading that does not indicate the consignee of the cargo.
open bill of lading
operation of a Customs bonded warehouse wherein the tracking, monitoring and accounting of conditionally-free shipments is done by means of computers, obviating the need to assign Customs personnel at the warehouse.
open bonded warehouse
a charter contract that does not specify both the nature of the cargo and the port of destination
open charter
a crate for flexible articles that require minimal packing
open crate
a cargo marine insurance that covers all shipments caried aboard vessel for a specified period.
open insurance
a freight rate negotiated by a shipper with a shipping line, for transport of cargo in excess of the minimum quantity allowed per vessel.
open rate
vessel the space between the first and the second decks of a vessel, and is not included in the computation of gross register ton or net register ton. It is the lowest set of tonnage.
open shelter
a container with collapsible side doors to facilitate cargo loading or discharge.
open side container
