Tariffs and Customs Terms S.1.113 Flashcards
Terms and meaning from Dictionary of Tariff and Customs Terms with organization and functions of the various Offices of the Bureau of Customs.
a situation wherein the goods and/or equipment have not been loaded for
short-landed
a kind of dumping that exists intermittently over a period
short-run dumping
a condition wherein the goods that arrive at the port of destination are less than what the shipping documents indicate.
short-shipment
synonymous with American ton, the equivalent or 2,000 pounds.
short ton
is an export cargo brought to the customs zone for loading on board the carrying vessel but failed to be loaded.
shut cut cargo
a kind of wrapping made by heating a polyethylene sheet or similar blanket, to consolidate articles in a pallet
shrink wrapping
an export cargo brought to the customs zone for lading on a vessel, but which loading fails to materialize
shut off cargo
are cargoes brought to the port premises, cargo sheds and warehouses of the government, what or bulkhead for export or domestic shipment, which are not loaded on the intended carrying vessel provided that such carrying vessel has actually docked.
shut out cargoes
an equipment that resembles a giant fork lift and raises contains through their top lift points. It can stack containers three-or four-high
side loader
a draft used when the seller wants to retain title to a shipment until it reaches destination. Before the cargo is released, the original bill of lading or air waybill must be endorsed by the buyer and surrender to the carrier.
sight draft
a stipulation added by the ship’s master in the bill of lading if there is reasonable doubt on the correctness of the weight specified in the bill, and yet the charterer does not make any amendment.
signed under protest
an article made by a different manufacturer, but of almost the same materials, commercial value, and use with that of another. Such article can be substituted with latter
similar articles
an alternative customs value of imported goods when identical goods value cannot be derived. The third method of computation, this involves finding a shipment of similar goods, which transaction value can be, or has been established.
similar goods value
a method of reimbursing letter of credit, wherein the amount of payment made to the beneficiary is debited from the account of the opening bank
simple credit
reduction of forms to be filled up and the procedures involved in processing export goods.
simplified export procedure
a version of SITPRO in France.
simprofrance
the entire content of one liquidation, including payment of all customs duties, fees, surcharges or fines incident thereto
single adjustment
a set of uniform documents, derived from European Community practice (1998), used to process shipments that pass through customs
single administrative documents
a system that impose similar tariff rates on imported goods of the same nature and kind, regardless of country of origin.
single-schedule tariff system
a scheme wherein a country’s membership in the World Trade Organization implies absolute acceptance of the agreements and decisions finalized in the Uruguay Round.
single undertaking approach
a warranty clause which provides that if the ship collides with, or receives salvage services from, another ship belonging to the same owner, the insured has the same rights under the insurance policy as if the other vessel were owned by strangers
sister ship clause
Simpler Trade Procedure Board (to develop electronic date interchange): simplification of International Trade Procedures (predecessor of SITPRO)
SITPRO
a version of SITPRO in the Netherlands
sitproneth
Trade Facilitation Committee of the Republic of South Africa
SITPROSA
a crate with a stable framework for posts, frames, braces, used for imported machinery
skeleton crate
