Tariffs and Customs Terms S.1.117 Flashcards
Terms and meaning from Dictionary of Tariff and Customs Terms with organization and functions of the various Offices of the Bureau of Customs.
the foremost part of ship or aircraft.
stem
the exact date of loading of full cargoes of coal as soon as the stem has been arranged.
stem date
stern the rearmost part of a ship or aircraft.
stern
a draft billed in pound or sterling
sterling draft
a person or firm that engages in cargo loading, stowing, and unloading aboard a ship
stevedore
a completely-assembled unit.
stock-keeping unit
a situation wherein the items ordered are unavailable.
stockout
cost the opportunity cost involved when supply cannot meet demand.
stockout cost
goods to be consumed by passengers and crew oof vessels, aircrafts, or trains, whether sold or not. These include goods necessary for the operation and maintenance of vessels, aircrafts, or trains, like fuel and lubricants, boiler compounds, fuel oil treatment preparations and filter sponges, cleaning compounds and materials, paint varnishes and solvents, corrosion and rust inhibitors, gas for welding purposes, but exclude the vessel’s spare parts and equipment.
stores for consumption
storage the entire process of placing goods in a warehouse.
storage
the amount assessed on articles, baggage and containers for storage in the port premises, cargo sheds and warehouses of the government.
storage charges
efficient loading, handling, arrangement and packing of ship’s cargoes.
stowage
a full list of sea stores, ship’s stores, and saloon stores aboard the ship. It also lists food, supplies as provisions, arms, and ammunition, equipment for the use of the ship, passengers and crew. These are not considered as cargoes, thus, not subject to customs duties and taxes.
store list
a computation of the ship’s cubic capacity expressed in weight tons. It is used to determine the quantity of cargo that can be loaded in a certain space of the ship.
stowage factor
instructions by the shipper, or his agent, on how cargo should be arranged
stowage instructions
a person who hides in a vessel or aircraft to get free passage or to hide from port officials.
stowaway
an equipment that lifts and transfer containers through one or more tracks. It may operate through huge rubber tires or through rails.
straddle crane
a non-negotiable bill, synonymous to a flat bill, which sets forth that the goods will be delivered to a specified foreign buyer. He can receive the goods by showing proof of identity of the cargo
straight bill of lading
cargoes without marks and numbers.
straight goods
a letter of credit (L/C) wherein the obligation of the issuing bank to honor drafts is limited solely to the beneficiary, and not to any other endorser, negotiator or holder of L/C in due course.
straight letter of credit
a band made of metal, plastic, or flexible material, used to hold pieces of articles together
strap
commodity groupings for export control purposes
strategic level of controls
part of a trade route
stretch
thin plastic that binds articles being loaded on pallet.
stretch-wrap
process of loading cargo inside the container.
stripping