Tariffs and Customs Terms RS.1.109

Question 1

a clause in a marine insurance which stipulates that if the insured ship is liable in a collision, the insurer pays only ⅜ of the damage sustained by the other vessel, and up to a maximum of ¾ of the value of the insured vessel

Answer 1

running down or collision clause

Question 2

a phrase in charter contact which mean that the time runs continuously counting laydays.

Answer 2

running hours

Question 3

a phrase that means a vessel can safely reach a berth and stay afloat without touching the bottom of the sea during low tide

Answer 3

Safe berth

Question 4

public sale of property to the highest bidder.

Answer 4

safe of auction

Question 5

temporary economic measures (e.g. imposition of higher tariffs, tariffs quotas, quantitative restrictions) to give an importing country competitive leverage in the light of increased global trade. These measures are in effect for five years, or within eighty years after accession to the World Trade Organization, whichever is higher. The General Agreement in in Tariff and Trade permits two forms of multilateral safeguards: a.) right impose temporary imports controls, or trade restrictions, to prevent injury, and b.) right of exporters not to be deprived arbitrarily of access to markets.

Answer 5

Safeguards

Question 6

a contacts by which a seller transfer or agrees to transfer the ownership of goods to a buyer in exchange for money price.

Answer 6

sale of goods

Question 7

stock inventory of goods that serves as a buffer against delays in receipt of orders or changes in customer demand.

Answer 7

safety stock

Question 8

the maximum load an equivalent can lift

Answer 8

safe working load

Question 9

the contents of a package, carton, container, vessel, which the importer or broker declared in the import documents. This indicates that the vessel and her captain are unaware of the actual goods being transported as they merely rely on the shipper’s description

Answer 9

said to contain

Question 10

a captain’s second in command immediately responsible for the maintenance of the vessel, arrangement of the cargo, and discipline of the crew.

Answer 10

sailing mate

Question 11

a phrase used in bills of lading to indicate the weight of cargo furnished in witing by the purported shipper.

Answer 11

said to weight

Question 12

groupings of articles offered for auction

Answer 12

sale lots

Question 13

under the expanded Value-Added Tax Law, it means the performance of all kinds of services in the Philippines for a monetary consideration.

Answer 13

sale or exchange of services

Question 14

an agent who distributes, represents, services, or sells goods in behalf of a domestic or foreign supplier

Answer 14

sales representative

Question 15

supplies listed as such and are intended for sale on board a vessel.

Answer 15

saloon stores

Question 16

to retrieve merchandise parts of a sunk vessel for sale or use; Compensation paid lo persons who rendered voluntary service to save a sunk vessel, her parts, or cargo.

Answer 16

salvage

Question 17

expenses included in marine cargo insurance coverage, for payment of salvage, even without a contract to that effect

Answer 17

salvage charges

Question 18

unused material with a market value

Answer 18

salvage materials

Question 19

one who engages in salvaging operations

Answer 19

salvor

Question 20

the identical or same kind of article usually made by a manufacturer. This means that the article is identical in physical characteristics and was produced in the same country by the same person. It also means that when no value can be ascertained or estimated under the first meaning, the merchandise identical in physical characteristics and was produced by another person in the same country.

Answer 20

Same article

Question 21

a phrase that means the goods belong to a group or class of goods produced by a particular industry or industry sector, and includes Identical or similar goods.

Answer 21

same class or kind

Question 22

a specimen of a commodity with no commercial value, it is imported tax and duty free, and is not for sale; a specimen of an article or shipment taken during Customs examination for eventual valuation.

Answer 22

sample

Question 23

a government issuance which attest that a shipment is free from contagious diseases and fit for human consumption

Answer 23

sanitary certificate

Question 24

the rate at which cargo is discharged from the ship (e.g. 800 or 2,000 tons per day) it is chosen in writing by the consignee before unloading begins, and is the basis for computation of demurrage or dispatch

Answer 24

scale discharge

Question 25

movement of shipments or baggage through an x-ray machine to detect contrabands.

Answer 25

scanning