Tariffs and Customs Terms O.1.92 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 roofless container that allows cargo top loading. It may have a plastic or waterproof cover while in transit.
open top container
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.
Operating differential Subsidy
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
operation exodus
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.
optional cargo
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.
orange book
a port that may or may not be called by a ship during her voyage
optional port
a buyer’s request for goods and services to be delivered at the port of destination within a fixed period
order
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.
order bill of lading
the cost of placing an inventory order with a supplier.
ordering cost
assemblage of a customer’s order from articles in a storage area.
ordering picking
an agreement between two countries to reduce exports in an effort to protect their domestic industries.
Orderly Marketing Agreement
arrangements of a vessel’s cargo according to the sequence of various ports to be called.
order of ports
the unrestricted, usual, ordinary business transactions in the principal markets of the exporting country.
ordinary course of trade
a traditional warehouse with a warehouseman, storekeeper, and guards to supervise its activities and transaction win customs.
Ordinary Customs bonded warehouse
a duty imposed that collected mainly as a source of revenue, like specific or ad valorem duty.
ordinary customs duty
the amount paid for packing, handling, loading of shipments.
ordinary expense
a forum for discussion of economic and social issues affecting the U.S., Canada, Western Europe, Japan, Australia, and New Zealand
Organization for Economic Cooperation and Development
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.
Organization of Petroleum Exporting Countries
in the natural or unprocessed state.
original state
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
Osaka Action Agenda
costs incurred for containers and packing charges, royalties/license fees, assists, commission, and brokerage fees.
other charges
expenses incurred for a specific product or service, like royalties or sub-contract work.
other direct costs
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.
other fertilizers
a cargo that exceeds the capacity of a 20- or 40-foot container.
out of gauge cargo
a minor port in a country.
outport
