Tariffs and Customs Terms TU.1.128 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 kind of movement of containers indicated in shipping documents, like Ro-Ro, CY/CFS, CFS/CFS, etc.
type of movement
a kind of vessel that transports cargo, like Ro-Ro, multi-purpose, etc.
type of vessel
last letter of a four-letter registration number that identifies the owner of a container
U
a.k.a tires
tyres
Latin: utmost good faith.
uberrimae fides
a raw material found in all locations.
ubiquity
space above liquid in a tank, drum, or container.
ullage
the person considered the true party in interest who receives the imported goods.
ultimate consignee
a vessel that carries liquid cargo in bulk.
ultra large crude carrier
a luggage not accompanied by a passenger.
unaccompanied baggage
locally-produced articles in sufficient quantity to meet local demand and offered at competitive prices.
unclassified consumer goods
an irrevocable letter of credit that bears the guarantee of the issuing bank alone. The advising bank merely informs for exporter of the terms and conditions without adding its obligation to pay.
unconfirmed letter of credit
a situation wherein an article has been found undeclared in the invoice, Clean Report of Findings, entry.
undeclared
undercarriage the landing gear of an aircraft.
undercarriage
the internal volume of a ship measured up to the tonnage desk the uppermost deck in a single and two-deck vessel), and in other vessels up to the second continuous deck.
underdeck tonnage
a situation wherein the importer files a formal protest to contest the decision of the collector of Customs on the assessment or valuation of a shipment.
under protest
a violation of Customs laws, rules, and regulations, wherein the declared value of the imported shipment is much lower than the correct transaction value. It may be discovered upon filing of fraudulent invoice or upon post-audit of the entry transaction.
undervaluation
a term which means that a vessel is not an anchor, made fast to the shore, or aground.
underway
a branch of the UN/ECE Committee on the Development of Trade, it consists of delegates appointed by governments and international organizations with consultative status with the United Nations. They are experts on electronic data interchange, data elements, procedures, and documentation.
UN/ECE/WP.4
a person nominated by his government and appointed by UNECEMP 4 to initiate and coordinate EDIFACT development work in his jurisdiction. The nomination must be endorsed by the countries in that area.
UN/EDIFACT Rapporteur
dishonest or fraudulent practices resorted to by some businesses in the course of trade and commerce.
unfair competition
a refrigerated container which cooling machinery malfunctions.
unfit for use container
the comprehensive rules that govern the mechanics of the letter of credit More known as UCP 500, it is published by the international Chamber of Commerce to regulate the L/C industry and make the L/C reliable as payment.
Uniform Customs and Practice for Documentary Credits
damage to goods can be either localized, i.e. it is possible to determine on which mode of transport the damage occurred, or non-localized or “concealed” i.e. it is impossible to determine where the damage occurred.
uniform liability system
an international code for handling of collections, clean or documentary, published by the International Chamber of Commerce
Uniform Rules for Collections, Publication No. 522 (URC 522)
