Tariffs and Customs Terms T.1.124 Flashcards
Terms and meaning from Dictionary of Tariff and Customs Terms with organization and functions of the various Offices of the Bureau of Customs.
weight of a fully-equipped ship, including water in main boilers; but Without cargo, fuel stores, other water, crew, provisions, spare parts, etc.
tons net displacement
the standing cost and bunker cost incurred by a ship-owner at sea.
total cost at sea
the sum values of all imported goods listed in the entry or rider/s.
total customs value
gross selling price, gross receipt, and the payment of value added tax, stated in the invoice or receipt
total invoice amount
the standing cost and bunker cost incurred by a ship-owner in port.
total cost in port
credit a letter of credit opened by an importer and accepted by an AAB but which has been certified by the AAB as having been cancelled in is book because there are no corresponding importation, made whatsoever and no outward remittance of foreign exchange
totally unutilized letter of credit
refers to the total dutiable value representing the total of boxes 9a, 9b, go of the import entry and internal revenue declaration 22.
total dutiable value
a marine insurance clause that refers to total loss of cargo due to total loss of vessel.
total loss of vessel only
a marine insurance clause that provides coverage to total loss of cargo only, whether or not the vessel itself is damaged or lost
total loss only
refers to an area within the ECOZONE where tourist accommodation facilities such as hotels, apartelles, tourist inns, pension houses, resorts, sports and/or recreational facilities are provided to render tourism services for both local and foreign tourists, travelers and investors in accordance with the guidelines issued by the PEZA.
tourist/recreational center
determination of a shipment’s location during the course of cargo movement
tracing
a charge collected for towing a ship. It is based on tariff, size of the ship or tug, brake horse power, and time spent for towing.
towage
a warranty clause which provides that the vessel is covered by insurance at all times, subject to the provisions of the policy, and that she shall not be towed except if customary or in need of assistance, or to undertake towage or salvage under a previous contract
towage clause
the system of retrieving data on cargo, shipments, equipment.
tracing
the system of maintaining data on the status and location of cargo, shipment, equipment, and empty or full containers.
tracking
profit-oriented exchange of goods and services between and among countries, regardless of economic system. It may also be done within the borders of a country
trade
a liner service or cargo flow between markets.
trade
a bill of exchange drawn by a seller (drawer) against the buyer (drawee). It is a time draft where the drawee signs the word “accepted” on its face and guarantees to pay the holder.
trade acceptance
contracts or conventions that govern international trade.
trade agreements
directory a compilation of some 600 data elements (basic information units for operation of trade), in the form of a 150-page loose leaf manual published jointly in 1980 by UNCTAD and ECE, continuously updated through supplements and recently adopted as International Standard ISO 7372. The UNTDED (United Nations Trade Data Elements Directory) is made available to organizations and traders either on paper or on magnetic media; it is becoming increasingly used in international trade.
trade data elements
an accepted method for teletransmission of trade data messages based on international standards.
trade data interchange application protocol (TDI-AP)
a directory containing rules for interchange of trade data by teletransmission, FROM COMPUTER TO COMPUTER OR BY USE OF SIMPLER MEANS, E.G. TELEX. Originally reflecting two major applications, i.e. one for European countries and one for North America, intensive negotiating efforts now are likely to result in a common solution, to be proposed as an international standard.
trade data interchange directory
a complete collection of interchanged trade data transfers
trade data log
electronic data exchanged between traders.
trade data message
electronic trade data message/s sent as a unit of dispatch
trade data transfer
