Tariffs and Customs Terms R.1.107 Flashcards
Terms and meaning from Dictionary of Tariff and Customs Terms with organization and functions of the various Offices of the Bureau of Customs.
left-overs of production five meter long and valued based on weight. They include slightly damaged textiles
remnants textile
an import entry fled with Customs through electronic commerce
remotely lodged entry
a change in the original route specified in a bill of lading or air waybill.
rerouting
to restore to a sound or good state, or to rebuild a worn-out part of an object
repair
a document prescribed by the Central Bank of the Philippines, where exporters report the particulars of each state
report of foreign sales
a system wherein a country submits to another a list of trade concessions that can be subject to counter-offers and negotiations
request/offer
a kind of freight surcharge imposed in cargo transported on a longer route
rerouting surcharge
advanced allotment or booking of cargo space or weight capacity.
reservation
a certificate for the export of certain dangerous goods.
restricted articles certificate
quantitative limits imposed by countries on certain imports even after their accession to the General Agreement on Tariffs and Trade
residual restrictions
shall mean a specific area within the ECOZONE which has been classified and/or fenced-in as export processing zone, free trade zone or such other areas as may be declared by the Board.
restricted area
a carrier liable under the terms of a transport document or bill of lading
responsible carrier
any condition that restricts navigational visibility, like fog, mist, falling snow, heavy rainstorms, sandstorm
restricted visibility
private sector tactics designed to restrict competition and keep prices high, like collusion among largest global suppliers
restrictive business practices
sale to the general public of goods often I small lots
retail
a price that includes the wholesaler’s price, selling expenses, interest, retailer’s profit, plus stock expenses
retailer’s price
periodic payment to a person or firm who renders particular services to another.
retainer
a principle of the General Agreement on Tariffs and Trade that allows a country to levy import duties in response to her trading partner’s imposition of harsh tariff and other trade restrictions
retaliation
a shipment returned by the importer to the supplier, especially if the cargo does not meet the standards as er contract of sale
return cargo
a charter contract for the return of cargo to the supplier
return charter-hire
one who lived permanently in the Philippines prior to his residence abroad for an indefinite period, but with the intention to return to the Philippines
returning resident
returned to their place of acceptance
returns articles
whose rates of duty are relatively low so that goods may be readily imported and duties easily collected
Revenue tariffs
all sums of money received by government through taxation, in shipping operations, the sum of all freights paid each shipment. It is collected either through direct cargo method, wherein the freight rate is multiplied by the volume of cargo shipped, or through surcharge method, which is the imposition of special charge computed as a percentage of freight rate to cover any increase in shipping cost.
revenue
a marine insurance clause which provides that a certain percentage of the premium may be returned to the insured if the policy is mutually cancelled or if the vessel is laid up and not exposed to perils subject of insurance. The lay-up at a port, however, must be approved by the insurer.
return clause
