Tariffs and Customs Terms P.1.96 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 clause in an ordinary charter contract that penalizes the charterer in case of non-fulfillment of contract. The penalty, however, does not exceed the amount of freight
Penalty clause
a clause in an ordinary, charter contract, which stipulates that expenses for the ship’s fuel oil must be paid by the ship-owner
per diem basis clause
a Customs bond filed by an importer, or concerned party, to guarantee performance of certain duties, like submission of documentary requirements for clearance of goods. It has no collateral.
performance bond
cosmetics or toilet preparations in heading no, 33.07 applies inter alia, to the following products scented sachets, odoriferous preparations which operates by burning; perfumed papers impregnated, coated with cosmetics, contacts lens or artificial eye solution, wedding felt and nonwovens, impregnated, coated or covered with perfume or cosmetics; animal toilet preparations.
perfumery
a clause that specifies the nature and extent of perils being insured by the owner of cargo.
perils clause
the importer/claimant shall have a period of one (1) year from the date the totally or partially unutilized L/C is canceled by the AAB.
period of file claim refund
articles that easily deteriorate, or likely to deteriorate, during transport or storage.
Perishable goods
under the expanded Value-Added Tax (VAT) law of the Philippines, a taxable person includes an importer, who may be an individual, trust, estate, partnership. corporation, joint venture, cooperative, or association liable to pay VAT upon filing of entry.
person
a diplomatic representative acceptable to the government of a country where he/she is assigned.
persona grata
imposition of varying freight rates on shippers with similar transportation characteristics, or imposition of similar rates on shipper’s with dissimilar transportation characteristics.
personal discrimination
embraces all articles that are personal and not considered as merchandise like Books, furniture, carpets, paintings, tableware, wearing apparels (except luxury items), articles of personal adornment, toiletries, portable appliances, instruments, household furnishings, wearing apparels, but excluding vehicles, watercraft and animal. Embraces all articles of personally not merchandise; it includes household effects.
Personal effects
the opposite of persona grata.
persona non grata
refers to foreign missionaries as, technicians, educators, officials, and other persons under contract or assigned to the Philippines for a specific or indefinite period.
persons coming to settle
an application for legal remedy
petition
an intermediate chemical derived from petroleum, hydrocarbon liquids, or natural gas, such as ethylene, propylene, benzene, toluene, and xylene
petrochemical
a Philippine agency that conducts research and performs coordinating functions on the development and competitiveness of the petrochemical and plastics industries, specifically those falling under tariff heading number 39.01 to 39.26 (including their subheadings)
Petrochemical Competitiveness Board
a generic name for hydrocarbons, including crude oil, natural gas liquids, refined and product derivatives.
Petroleum
include not only petroleum oils and oils obtained from bituminous minerals but also similar oils, as well as those consisting mainly or mixed unsaturated hydrocarbons, obtained by any process, provided that the weight of the non-aromatic constituents exceed that of the aromatic constituents. However, the reference do not include liquid synthetic polyolefin’s of which less than 60% by volume distill at 300c, after conversion to 1,013 mill bars when is reduced pressure distillation method is used.
Petroleum oils and oils obtained from bituminous minerals
a symbol that indicates a discounted airline fare
PEX
a conference for Asian countries
Philippine Asia Conference
a publication of the Philippine Tariff Commission that serves as a practical guide to the application of CEPT rate of duty, and indicates which ASEAN economy in entitled to Philippine CEPT rate of duty.
Philippine CEPT Concessions Exchange Manual in the 1996 Harmonized System
a government agency that issues export and commodity clearance for the export of coconut and its by-products.
Philippine Coconut Authority
it is the one of the branches or area of foreign affairs will be located outside the country having a responsible for negotiation between the Philippine and the concern country in the form of economics development, trade relation and affairs.
Philippine Embassy
a conference for Europe and the Mediterranean Sea region
Philippine Europe Conference
a government agency that issues insurance policies and certificates of guarantee against credit risks arising out of, or in connection with, export transactions.
Philippine Export Credit Insurance and Guarantee Corporation
