Tariffs and Customs Terms PQR.1.104

Question 1

a document issued by a buyer to a seller, confirming purchase and requesting delivery of goods.

Answer 1

purchase order

Question 2

offers of lower price if the buyer purchase more

Answer 2

purchase price discount

Question 3

buyer, importer, vendee, shipper, consignee

Answer 3

purchaser

Question 4

the functions associated with buying goods and services the firm requires

Answer 4

purchasing

Question 4

buyers in the usual wholesale quantities for industrial use or for resale, but not on retail

Answer 4

purchasers at wholesale

Question 5

an agent who purchases goods in his own country in behalf of large foreign buyers, such as government agencies and firms

Answer 5

purchasing agent

Question 6

a theory which states that exchange rates between currencies are in equilibrium when their respective purchasing power is the same

Answer 6

purchasing power parity

Question 7

a raw material that does not lose weight during processing. put to refuse a situation wherein the goods and/or equipment have been written off and disposed of

Answer 7

pure raw material

Question 8

limits on the volume of commodity that may be imported into a country

Answer 8

quantitative restrictions

Question 8

the system which ensures that goods or services meet product or service standards

Answer 8

quality control

Question 9

refer to the U.S., Canada, Japan and the entire European Community

Answer 9

quad countries

Question 10

isolation of a vessel, her equipment, cargo, crew, passengers, infected persons or animals to prevent spread of serious diseases

Answer 10

quarantine

Question 11

a document issued by the quarantine office at the port of destination, attesting that a ship’s cargo is not infected with foreign-borne diseases

Answer 11

quarantine certificate

Question 11

a huge crane built just near the edge of a wharf or pier to lift and move containers from a vessel

Answer 11

quay crane

Question 12

a concrete or metal structure at the edge of a wharf or pier

Answer 12

quay wall

Question 13

a system which limits the amount of imported merchandise that can be entered or withdrawn for consumption during specified periods. Tariff ate quotas permit a quantity of goods to be entered or withdrawn at a reduced rate during a specified period

Answer 13

quota system

Question 14

an estimate of price fixed by the seller for a particular commodity or service

Answer 14

quotation

Question 15

the date from which a quotation price is no longer valid

Answer 15

quotation expiration date

Question 15

a code which indicates that a Clean Report of Findings is amended

Answer 15

RI

Question 16

an adjustable platform or track on which vehicles and equipment pass through during cargo loading or unloading

Answer 16

Ramp

Question 17

a situation wherein an equipment has been put on top of another, and loaded on a means of transport

Answer 17

Ramped equipment

Question 18

price paid for transport service.

Answer 18

Rate

Question 19

the distance between two rate basis points.

Answer 19

Rate basis number

Question 20

the major shipping point in a local area

Answer 20

rate basis point

Question 21

a group of vessels that establishes joint rates, divides revenues and liabilities, and publishes uniform freight tariffs

Answer 21

rate bureau