Tariffs and Customs Terms R.1.106

Question 1

a computer-based Customs procedure wherein high-risk, sensitive or regulated imported articles are fully examined prior to release.

Answer 1

red lane

Question 2

an American law that authorized common carriers to set joint rates through rate bureaus. It also extended anti-trust immunity to carriers that participate in a bureau.

Answer 2

Reed-Bulwinkle Act

Question 3

a container with a refrigerator device

Answer 3

reefer

Question 4

exportation the exportation of products which raw materials were originally imported tax and duty-fee.

Answer 4

re-exportation

Question 5

shipments like chocolates, meat, vegetable, which require temperature control

Answer 5

reefer cargo

Question 6

an importer’s bond, filed with Customs, to secure government interest on articles imported tax and duty-free, provided the goods are exported later.

Answer 6

re-exportation bond

Question 7

the date of effectivity of a published value.

Answer 7

reference date

Question 8

a warehouse with a refrigeration device

Answer 8

a warehouse with a refrigeration device refrigerated warehouse

Question 9

a book that bears the name of the ship, her port, tonnage, build, declaration of ownership, origin and other vital information.

Answer 9

register book

Question 10

a Customs certificate that describes a ship, her name, ownership, tonnage. It evidences the nationality of the vessel and serves as a record in which the claims and rights of concerned parties are enforced.

Answer 10

register of vessel

Question 11

spiting up or cargo into various consignment and combining these into other shipments

Answer 11

regroupage

Question 11

the equivalent of 100 cubic feet, which measures the capacity of a ship to hold cargo

Answer 11

register ton

Question 12

a reference number given to a particular register of vessel

Answer 12

registry number

Question 13

the producer, manufacturer, or trader of export products granted a periodic government commodity clearance

Answer 13

regular exporter

Question 14

the importation of goods at least twice a year by the same importer.

Answer 14

regular importation

Question 15

requires clearance/ permit to import from appropriate government agency.

Answer 15

regulated commodities

Question 16

products that are not prohibited, but need government clearance prior to export.

Answer 16

regulated export products

Question 17

in case the opening bank has no account with a correspondent bank, the paying bank draws a draft equal to the amount paid, plus commission and interest, from a bank where the opening bank has an account

Answer 17

reimbursement credit

Question 18

bank nominated in the L/C to pay a drawing under the L/C to the negotiating/ paying bank

Answer 18

reimbursing bank

Question 19

drafting of two invoices: first, for goods delivered by a supplier to an intermediary; and second, from the same intermediary to a customer.

Answer 19

re-invoicing

Question 20

freight rates based on the shipment’s value. The maximum liability of a carrier for cargo damage is less than its full value; but the carrier offers lower freight rate

Answer 20

released - value rates

Question 21

finished or partially-finished defective or inferior goods

Answer 21

rejects

Question 22

refer to used clothing and canned goods donated to victims of natural calamities or to the general poor.

Answer 22

relief goods

Question 23

bank that dispatches the documents to the issuing bank

Answer 23

remitting bank

Question 23

ship’s haul and rigging, sea stores and articles of equipment used on board (eg. sails, ropes, chains, anchors, and all ship’s stores and saloon stores)

Answer 23

remains of a wrecked vessel