Glosary

1. GLOSARY.
Ortiz Cantillo Erika Yelena.
Peña Alejandra
Guerrero Yeine.
FUNDACIÓN UNIVERSITARIA SAN MATEO.
FACULTAD DE CIENCIAS ADMINISTRATIVAS Y AFINES
COMERCIO INTERNACIONAL
BOGOTÁ
NOVIEMBRE 2016.

2. GLOSARY
-A-
A customs declaration: a statement showing goods being imported on which duty will
have to be paid. Example: to fill in a customs declaration form.
Ad valorem tariff: An ad valorem tax (Latin for according to value) is a tax whose
amount is based on the value of a transaction or of property. It is typically imposed at the
time of a transaction, as in the case of a sales tax or value-added tax (VAT).
Anti dumping: An anti-dumping duty is a protectionist tariff that a domestic government
imposes on foreign imports that it believes are priced below fair market value.
Auxiliaries of the Customs Service: Also auxiliary of commerce; They are people of
existenceVisible or ideal, known as foreign trade agents, to manage on behalf of Account
of the third party the registrations and the procedures of introduction and extraction of
Goods before the inspection body. We find the Customs Broker and Customs Broker.
ADEUDO: Amount to which the liquidation of taxes, interest and fines if any, which
payment is a demandable obligation.

3. -B-
Balance of trade: Set of commercial transactions carried out by a country with
theAbroad, over a given period (one year), consisting of imports and Exports of
goods considered as a whole, Three different ways, according to the results of the total
values exchanged, can Be: Level trade balance (when import and export balance),
Deficient or favorable (excess of import on export) and, favorable or with surplus (Over-
export on import).
Boarding pass: Definition of shipping documents: Air waybill, bill of lading, or truck bill
of lading, commercial invoice, certificate of origin, insurance certificate, packing list.

4. -C-
Capacity: measure of the ability of a Company to produce godos or provide. Service.
Cargo manifest: Document signed by the driver or by the representatives of the Cargo
undertaking, which contains the complete list of packages of any kind on board Of the
vehicle, excluding postal effects and the effects of crew members and passengers.
Certificate of origin: A Certificate of Origin (CO) is an important international trade
document attesting that goods in a particular export shipment are wholly obtained,
produced, manufactured or processed in a particular country. COs also constitue a
declaration by the exporter.
CFR Cost and Freight
CFS Container Freight Station:
CIF Cost Insurance and Freight:
Comercial agreement: a comercial contrat refers to a legally binding agreement
between parties in which they are obligated to do or restrain from doing particular things.

5. Commercial sample: Representative article of a particular category of goods already
Produced, or which is a model of goods whose manufacture is contemplated.
Confiscation: To confiscate means to take away temporarily for security or legal
reasons. It implies an act by an authority upon one of less power.
Container: anything that contains or can contain something, as a carton, box, crate, or
can.
Container dimensions: The lenght, with and height of a container.
Conveyance: the act of taking or carrying someone or something from one place to
another.
CPT Carriage Paid To:
Cubicle: The volume that is measured.
Customs agents: a person or company that is paid to make sure that all necessary taxes
are paid and rules are followed so that goods can be imported into a country.
Customs Area: It is the part of the political territory limited by the customs line, in which,
for The goods from outside and also to cross the Of the country, the precepts of the
specific customs legislation become effective and, when The duties or taxes of the tariff
or tariff, which is a natural consequence of that legislation.
Customs barriers: Any measure designed to limit international trade. A customs
barrier will act to limit the level of trade across international borders by implementing
restrictions on imports and/or exports.

6. Customs Duty: is a tariff or tax imposed on goods when transported across international
borders. The purpose of Customs Duty is to protect each country's economy, residents,
jobs, environment, etc., by controlling the flow of goods, especially restrictive and
prohibited goods, into and out of the country.
Customs Jurisdiction: Portion of the customs territory within which the goods are
Subject to surveillance and customs regulations. It includes, not only ports or other Places
where the customs are located, but also the coastal surveillance radius or Terrestrial to
where that jurisdiction extends.
Customs office: a person whose job is to make certain travellers are not taking goods
into a country.
Customs operations: All operations that are carried out by the cutoms such ass regulate
the import and export.
Customs Value: It is the transaction value, it the price actually paid or payable Of the
goods when they are sold for export to the country of importation, adjusted where
appropriate.
Customs warehouse: Place authorized by law under the control of Customs where Store
goods under their power until the moment of withdrawal for their importation, Export or
other customs destination, excluding private warehouses.
Customs Control: A set of measures to ensure compliance with the laws and regulations
that customs are responsible for implementing.

7. -D-
DAP Delivered At Place:
DAT Delivered At Place:
DDP Delivered Duty Paid:
Deposit: An amount of money you pay as the first part of the total payment for something
Desaduamiento: The completion of customs formalities for allow goods, import for
consumption.
Drugstore: It is the establishment authorized by sanitary resolution, destined to the
Import, fractionation, distribution and sale of bulk drugs, chemical substances,
Reagents, permitted colorants, physics and chemistry apparatus and medical and
Surgical procedures.

8. -E-
Export: send (goods or services) to another country for sale.
Export credit: Credit destined to the financing of exports. The most frequent modalities
are: pre-financing, post-financing and financing of Investments to export.
EXW Ex Works

9. -F-
FAS Free Alongside Ship
FCA Free Carrier
FOB Free on board
Foreign Merchandise: The one that comes from outside and whose import has not been
consummated Legally, even of national production or manufacture; Or having been
imported Under condition, it is no longer fulfilled.
Foreign trade operations: The exchange of goods or services along international
borders.
Franchise: Total or partial exemption of the payment of taxes, provided by law.
Free port: Concession made by a State to have a port in another country as if Ship or
unload merchandise and carry it without interference or Customs duties.
Free trade Area: Form of economic integration that removes all barriers Tariffs on trade
in goods between member countries.
Free Zone: Areas of the national territory, previously qualified, subject to A special
regime, where national, Foreigners, engaged in the production or marketing of goods for

10. export, Direct or indirect, as well as the provision of services related to international trade
and To activities related to or complementary to them.
Freight: Cost of maritime transport. (Freight).
-G-
General interpretative rules: The General Rules for the Interpretation of the
Harmonized System, also known as the General Interpretative Rules (GIR), is a set of
6 rules for classifying goods.
Guarantee letter: Document, issued by an air navigation company, which Constitutes
proof of a contract of carriage of cargo, being at the same time the Proof of receipt of the
goods to be transported, stating the amount Corresponding to freight.

11. -H-
Harmonized System: The Harmonized Commodity Description and
Coding System (HS) forms the basis of the Customs Tariff. The HS was developed and
is maintained by the World Customs Organization (WCO), an independent
intergovernmental organization with over 179 members and is based in Brussels,
Belgium.

12. -I-
Import: bring (goods or services) into a country from abroad for sale.
Import duties: are mandatory payments levied by government on goods and services.
Import quotas: An import quota is a type of protectionist trade restriction that sets a
physical limit on the quantity of a good that can be imported into a country in a given
period of time. Quotas, like other trade restrictions, are typically used to benefit the
producers of a good at the expense of consumers in that economy.
Incoterms: These terms are defined and elaborated by the International Chamber of
Commerce (CIC), With the purpose of establishing a standardized language that can be
used by the Buyers and sellers involved in international business. are rules Interpretation
of the commercial terms established by the Chamber of Commerce and International
Trade. Its objective is to establish definite criteria on the distribution of Expenses and
transmisión of risks, between exporter and importer.
International multimodal transport: Postage of merchandise by two or more different
modes of Transport (truck, wagon, ship, air), by virtue of a contract of carriage Multimodal,
multimodal or combined, from a location ina country where the operator Of the multimodal
transport takes the goods, under its responsibility and custody, to
Later to another place located in a different country. The characteristics Essential
elements of this system that distinguishes it from traditional segmented transport are, in

13. First, that it is a system based on a "single contract" and, secondly, That the multimodal
transport operator which assumes responsibility for compliance with the Contract, current
as "principal", and not as agent of the user or consignor, or of the Different modes of
transport.
Irrevocable documentary credit: The credit can not be modified or canceled without the
Agreement of the issuing bank, confirming bank (if any) and the beneficiary. Is a Firm
commitment on the part of the issuing Bank in favor of the exporter. In the absence of a
Clear indication in the credit, it will be considered as irrevocable.
ISO: Standard of international standardization.

14. -L-
Legislation: Act whereby the Regional Director, the Administrator or officials in Who
delegate this power, find that the respective document has fulfilled All legal and regulatory
procedures, granting its approval and verifying further, The conformity of the guarantee
rendered, in those declarations in which it is demandable.
Load: This is the name of those goods that are transported by payment Of a price. It may
also be called cargo to the goods that a ship, Another type of transport vehicle, has in its
warehouse or warehouse at any given time.

15. -M-
Mixes tariffs:The most common is an ad valorem tariff, which means that the
customs duty is calculated as a percentage of the value of the product. ... Mixed
tariffs are expressed as either a specific or an ad valorem rate, depending on which
generates the most (or sometimes least) revenue.
Multimodal transport: International multimodal transport is the transfer of goods from
one country to another with the use of more than one means of transport (road, rail, air,
sea or river) and without any cargo ruptura.
National customs territory: It is defined as the terrestrial, aquatic and air environment
where the Argentine Nation exercises sovereignty and in which the same tariff system is
applied and of economic prohibitions to the exports and imports.
Nationalised Merchandise: It is the foreign merchandise whose import has been
consummated Legally, this is when the tax procedure is finished, it is at the free disposal
of the Concerned.

16. -O-
OEA Organization of American States: Since 1948. It groups the 34 American states
With the exception of Cuba.
Owner: Person under whose name and direct responsibility the expedition or
management Of the operation of the vessel.

17. -P-
Packaging: Protection of goods during all transport operations and Management that
supposes the process of export, so that they arrive in the hands of the final client, Abroad,
under the best conditions.
Packing list: List of goods that are shiped.
Price difference: Price is the amount a customer pays for that product or service.
The differencebetween the price that is paid and the cost that is incurred is the profit
the business makes when the item sells.
Primary Area: Space of sea or land in which the material operations are carried out,
Maritime and land transport of goods which, for the purposes of their Jurisdiction and is
to be loaded, downloaded, received or reviewed The goods, for their introduction or exit
from the national territory.
Principle of efficiency: An economic theory that states that the greatest benefit to
society of any action is achieved when the marginal benefits from the allocation of
resources are equivalent to the marginal social costs.
Principle of justice: A Theory of Justice is a work of political
philosophy and ethics by John Rawls, in which Rawls attempts to solve the problem

18. of distributive justice (the socially just distribution of goods in a society) by utilising a
variant of the familiar device of the social contract.
Principle of security and facilitation in the logistics chain of the operations of
foreign trade: international standards which enable customs administrations and their
partners to increase the security of the global trade supply chain whilst facilititating the
movement of legitimate cargo.
Principle of typicity: exhibiting the qualities, traits, or characteristics that identify a
kinds, class, group, or category.
Prohibitive tariff: Somewhere between a zero tariff and the prohibitive
tariff, tariff revenue has to be positive. Thus, tariff revenue must rise from zero and then
fall back to zero when it reaches tp. The national welfare level at each tariff rate is defined
as the sum of consumer surplus, producer surplus and tariffrevenue.

19. -R-
Raw material: Unprocessed material, used for the production of a good. The
Productive processes alter their original structure.
Regime: Set of rules or rules that govern or govern a thing, or that define the
administration of a state or an entity: this father wants for his children a very severe
education regime; This company operates under a cooperative regime. Normative,
ordering.
Reimportation: Regarding goods that were exported, when they returned, for any
Country of origin, or in respect of foreign To the country, if they are exported to re-import
them again for any reason more.

20. -S-
Safeguards: Exceptional protection measures used by a country to protect
National industries that are damaged or Threat of serious injury, due to a significant
Goods flowing into the internal market under conditions of fair competition.
Safeguards prices: Emergency methods to protect the nacional production.
Seasonal tariff.: A tariff that is levied at different rates at different times of the year,
usually on agricultural products, being highest at the time of the domestic harvest.
Shipment: Charge in a vehicle or ship.
Specific tariff: A specific rate duty is a tariff levied on imports, defined in terms of
a specificamount per unit, such as cents per kilogram.
Standards origin: Meaning "unit of measure" is early 14c., from Anglo-French, where it
was used 13c., and is perhaps metaphoric, the royal standard coming to stand for royal
authority in matters like setting weights and measures. Hence the meaning authoritative
or recognized exemplar of quality or correctness.

21. -T-
Tare: The weight of the packing material.
Tariff: a tax or duty to be paid on a particular class of imports or exports.
Tariff clasification: For government, a tariff classification system enables uniform
identification of imported and exported goods for purposes of duty and tax collection,
enforcement of national laws and international treaties, analysis for economic and
business planning, and international trade negotiations.
Tariff nomenclature: The Harmonized Commodity Description and Coding System, also
known as the Harmonized System (HS) of tariff nomenclature is an internationally
standardized system of names and numbers to classify traded products.
Tariff position: It allows to incorporate the tariff position of the product or service. Uses
The international system of 6 figures. The 6-digit international code in different countries
Add between 4 and 6 additional for a better specification of the product or service late.
Tariff quota: A tariff-rate quota (TRQ) is a trade policy tool used to protect a
domestically-produced commodity or product from competitive imports. A TRQ combines
two policy instruments that nations historically have used to restrict such
imports: quotasand tariffs.

22. Trade agreements: Contracts between two or more countries, by which they are
regulated Strictly commercial matters. They have the character of tariff Advantages and
security in the application of tariffs and customs regimes affecting Contractors.
Trade barrier: A barrier to trade is a government-imposed restraint on the flow of
international goods or services
Transport document: A transport document is a kind of document used to convey
information about cargo that is being transported.
Transit: Passage of foreign goods across the country when it forms part of a
Total journey started abroad and must be completed outside its borders. The transit of
foreign goods abroad shall also be considered as transit. By mistake or other qualified
causes in the primary zones or places With the condition that they have not left these
premises and that their arrival in the country And its subsequent shipment to the exterior
is made by sea or air.

23. -U-
Unitarized load: It is understood by unitization of a cargo to the meeting or grouping of
A number of articles or packages in a single package for the purpose of facilitating their
Handling, stowage, storage, transport or later use of its contents.
-W-
World customs organization: independent intergoverment body whose is to improve
the administration of customs of the allocation.
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