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International Trade Documentation Final Exam B


Horizontales
A procedure whereby the customs authorities visit the premises of an importer or exporter and inspect documents and records and interview personnel.
A person who makes, creates, or issues a draft and instructs a purchaser to make payment to the that person or another person (‘‘pay to the order of’’).
An office of a foreign government in the exporter (seller’s) country.
The date on which a time draft must be paid.
A bill of lading issued by a carrier bearing a notation that the outward containers or the goods have been damaged.
A person (usually the purchaser of goods) ordered in a draft to make payment.
A payment, usually from one collecting bank to another.
A document issued by the transportation carrier which thereby agrees to effect delivery to the required destination by utilizing various means of transportation, such as truck, railroad, and/or steamship line.
A limitation or restriction on the quantity or duty rate payable on imported goods.
A duty (or tax) levied upon goods transported from one customs area to another.
An international customs document that may be used in lieu of national customs entry documents and as security for import duties and taxes to cover the temporary admission and transit of goods.
The cost of unloading a vessel that is borne by the charterer.
An official document issued by a country authorizing one of its citizens or legal residents to leave the country and to be readmitted to the country upon return.
The agreement of the twelve European common market countries entered into in 1992 in Maastricht, Netherlands, to create a monetary and political union.
An ocean port and its adjacent area where imported goods may be temporarily stored and sometimes repackaged; manipulated;
The placing of cargo into a vessel.
Verticales
The tax imposed by a customs authority on imported merchandise.
An amount paid by a licensee to acquire certain rights
A negotiable instrument wherein a drawer orders a drawee to pay a fixed amount of money (with or without interest or other charges) described in the draft, payable on demand or other definite time.
A bill of lading which has not been presented under a letter of credit to the issuing or confirming bank within a reasonable time (usually twenty-one days) after its date.
A listing of the cargo being transported by the transportation carrier.
The title of a standard clause often found in contracts for sale of goods or transportation exempting the parties from liability for non-fulfillment of their obligations by reason of certain acts beyond their control, such as natural disasters or war.
the export sale of a commodity at ‘‘less than normal value,’’ usually considered to be a price lower than that at which it is sold within the exporting country or to third countries.
An agreement between two or more countries to eliminate tariffs and other import restrictions on each other’s goods and establish a common tariff for goods imported from other countries.
A method of payment for goods in which the buyer pays the seller in advance of the shipment of the goods.
A set of sales and delivery terms issued by the International Chamber of Commerce and widely used in international trade.
In a general sense, a person who acts on behalf of another person.
The act of throwing the goods off a ship into the ocean to lighten the ship in time of peril.
A check, drawn by a bank on another bank, customarily used where it is necessary for the customer to provide funds which are payable at a bank in some distant location.
An official document issued by a country authorizing one of its citizens or legal residents to leave the country and to be readmitted to the country upon return.