Tariffs and Customs Terms R.1.107

Question 1

left-overs of production five meter long and valued based on weight. They include slightly damaged textiles

Answer 1

remnants textile

Question 2

an import entry fled with Customs through electronic commerce

Answer 2

remotely lodged entry

Question 3

a change in the original route specified in a bill of lading or air waybill.

Answer 3

rerouting

Question 3

to restore to a sound or good state, or to rebuild a worn-out part of an object

Answer 3

repair

Question 4

a document prescribed by the Central Bank of the Philippines, where exporters report the particulars of each state

Answer 4

report of foreign sales

Question 5

a system wherein a country submits to another a list of trade concessions that can be subject to counter-offers and negotiations

Answer 5

request/offer

Question 6

a kind of freight surcharge imposed in cargo transported on a longer route

Answer 6

rerouting surcharge

Question 7

advanced allotment or booking of cargo space or weight capacity.

Answer 7

reservation

Question 8

a certificate for the export of certain dangerous goods.

Answer 8

restricted articles certificate

Question 8

quantitative limits imposed by countries on certain imports even after their accession to the General Agreement on Tariffs and Trade

Answer 8

residual restrictions

Question 9

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.

Answer 9

restricted area

Question 9

a carrier liable under the terms of a transport document or bill of lading

Answer 9

responsible carrier

Question 10

any condition that restricts navigational visibility, like fog, mist, falling snow, heavy rainstorms, sandstorm

Answer 10

restricted visibility

Question 10

private sector tactics designed to restrict competition and keep prices high, like collusion among largest global suppliers

Answer 10

restrictive business practices

Question 11

sale to the general public of goods often I small lots

Answer 11

retail

Question 12

a price that includes the wholesaler’s price, selling expenses, interest, retailer’s profit, plus stock expenses

Answer 12

retailer’s price

Question 12

periodic payment to a person or firm who renders particular services to another.

Answer 12

retainer

Question 13

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

Answer 13

retaliation

Question 14

a shipment returned by the importer to the supplier, especially if the cargo does not meet the standards as er contract of sale

Answer 14

return cargo

Question 15

a charter contract for the return of cargo to the supplier

Answer 15

return charter-hire

Question 16

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

Answer 16

returning resident

Question 17

returned to their place of acceptance

Answer 17

returns articles

Question 17

whose rates of duty are relatively low so that goods may be readily imported and duties easily collected

Answer 17

Revenue tariffs

Question 18

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.

Answer 18

revenue

Question 18

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.

Answer 18

return clause