Tariffs and Customs Terms P.1.101 Flashcards

Terms and meaning from Dictionary of Tariff and Customs Terms with organization and functions of the various Offices of the Bureau of Customs.

1
Q
  1. installment payments of an insurance policy
A

premium

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2
Q

a mode of payment wherein the exporter gets paid before shipment is made.

A

pre-paid

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2
Q

high-quality goods or services

A

premium

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3
Q

the charge entered on a bill of lading or an air waybill for payment in advance by the shipper of cargo.

A

pre-paid charge

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4
Q

the time when a negotiable instrument, say a check, is given to the drawer or paying bank for encashment.

A

presentment

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5
Q

examination of export goods by a surveying firm to determine their quantity, nature; value, tariff heading, rate of duty, and other particulars. It may also be done for phytosanitary and veterinary requirements prior to shipment.

A

pre-shipment inspection

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6
Q

the placement of cargo on a vessel’s slings to facilitate cargo loading or unloading.

A

Pre-slinging

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7
Q

compressing articles (like textiles and garments) in sacks or bales

A

pressing

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7
Q

a loss that may be deduced from circumstances, as when a ship cannot be located after a lapse of time.

A

presumed total loss

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8
Q

an interference as to existence of a fact not actually known arising from its usual connection with another, which is known.

A

Presumption

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9
Q

inspection of reefer containers prior to positioning or loading of cargo.

A

pre trip inspection

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10
Q

a sum paid for an article subject of sale.

A

price

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11
Q

total payment made or to be made by the buyer to the exporter of goods, through money, letter of credit, negotiable instrument.

A

price actually paid or payable

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11
Q

price ceiling imposed by government or cartel for a particular commodity.

A

price control

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12
Q

an element of dumpling that means the difference between the price prevailing in the export country and the selling price to an importer in the affected economy

A

price deference

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13
Q

the system by which the price of goods is fixed.

A

pricing

13
Q

is the quantum of evidence required sufficient enough to overcome any doubt or innocence for purposes of filing a case

A

prima facie

13
Q

compensation paid by a shipper to the captain for the protection of goods

A

primage

13
Q

a test used by the International Chamber of Commerce to determine if a trucking operation is legitimate and incidental to, and in furtherance of, a firm’s primary business

A

primary-business test

14
Q

a fact presumed true unless proven otherwise or rebutted in court.

A

prima facie evidence

15
Q

a product in an unprocessed, original, or natural state (e.g., an agricultural, mineral, or fishery product)

A

primary product

15
Q

a specially-built truck that carries containers lowered by a quay crane

A

prime mover

15
Q

applies only to the following: a. liquids and pastes (including latex, whether or not prevulcanized, and other dispersions and solutions); b. blocks of irregular shapes, lamps bales, powders, granules, crumbs, and similar bulk forms.

A

primary forms

16
Q

the cost of production for materials, labor, and other direct expenses

A

prime cost

17
Q

a person who hires an agent

A

principal