Tariffs and Customs Terms O.1.92

Question 1

a roofless container that allows cargo top loading. It may have a plastic or waterproof cover while in transit.

Answer 1

open top container

Question 2

payment made by the U.S. government to vessel that carry American flag, to offset the difference in operating costs between American and foreign carriers.

Answer 2

Operating differential Subsidy

Question 3

a program of the U.S. Customs Service, developed in 1981; to stem the flow of illegal export of arms and technology to the Soviet bloc and other banned destinations

Answer 3

operation exodus

Question 4

a cargo destined to one of the ship’s discharge ports, but which exact port is not yet known during cargo loading. It is stowed in a manner that it can be unloaded in any port without disturbing other cargoes.

Answer 4

optional cargo

Question 5

refers to the numbered United Nations (UN) Recommendations on the Transport of Dangerous Goods, which harmonizes information requirements on dangerous goods loaded on various modes of road transport. This book should be adopted as the text for all regulations and conventions governing different modes of transport. The UN categorizes dangerous goods into high hazard, medium hazard, and minor hazard, for purposes of prescribing appropriate packaging.

Answer 5

orange book

Question 6

a port that may or may not be called by a ship during her voyage

Answer 6

optional port

Question 7

a buyer’s request for goods and services to be delivered at the port of destination within a fixed period

Answer 7

order

Question 8

a bill of lading that effects delivery of goods to the order of a person or party named therein. It is negotiable through indorsement and surrender of its original.

Answer 8

order bill of lading

Question 9

the cost of placing an inventory order with a supplier.

Answer 9

ordering cost

Question 10

assemblage of a customer’s order from articles in a storage area.

Answer 10

ordering picking

Question 11

an agreement between two countries to reduce exports in an effort to protect their domestic industries.

Answer 11

Orderly Marketing Agreement

Question 12

arrangements of a vessel’s cargo according to the sequence of various ports to be called.

Answer 12

order of ports

Question 13

the unrestricted, usual, ordinary business transactions in the principal markets of the exporting country.

Answer 13

ordinary course of trade

Question 14

a traditional warehouse with a warehouseman, storekeeper, and guards to supervise its activities and transaction win customs.

Answer 14

Ordinary Customs bonded warehouse

Question 15

a duty imposed that collected mainly as a source of revenue, like specific or ad valorem duty.

Answer 15

ordinary customs duty

Question 16

the amount paid for packing, handling, loading of shipments.

Answer 16

ordinary expense

Question 17

a forum for discussion of economic and social issues affecting the U.S., Canada, Western Europe, Japan, Australia, and New Zealand

Answer 17

Organization for Economic Cooperation and Development

Question 18

an association of oil-producing countries, formed in 1960 to coordinate their petroleum policies: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.

Answer 18

Organization of Petroleum Exporting Countries

Question 19

in the natural or unprocessed state.

Answer 19

original state

Question 20

the output of the third meeting of the Asia-Pacific Economic Cooperation (APEC), held in Osaka, Japan, in 1995, which established the three pillars of APEC: trade and investment liberalization, business facilitation, and economic and technical cooperation

Answer 20

Osaka Action Agenda

Question 21

costs incurred for containers and packing charges, royalties/license fees, assists, commission, and brokerage fees.

Answer 21

other charges

Question 22

expenses incurred for a specific product or service, like royalties or sub-contract work.

Answer 22

other direct costs

Question 23

applies only to products of a kind used as fertilizers and containing, as an essential constituent, at least one of the fertilizing elements nitrogen, phosphorus or potassium.

Answer 23

other fertilizers

Question 24

a cargo that exceeds the capacity of a 20- or 40-foot container.

Answer 24

out of gauge cargo

Question 25

a minor port in a country.

Answer 25

outport