CAO 5-2017 Flashcards
DEFINITION OF TERMS (13 cards)
shall refer to an airline corporation engaged in both domestic and international air transportation of goods, passengers, or both.
Airlines
shall refer to commercial banks authorized by the Bureau to collect payment of duties and taxes
Authorized Agent Banks (AABs)
shall refer to the Importer, Exporter, customs broker, forwarder, freight forwarder, transport provider, and any other entity duly accredited by the Bureau based on the WCO SAFE Framework, the RKC, the WCO ISCM Guidelines, and the various national best practices to promote trade facilitation and to provide seamless movement of goods across borders through secure international trade supply chains with the use of risk management and modern technology.
Authorized Economic Operator (ΑΕΟ)
shall refer to the Government Service which is responsible for the administration of Customs law and the collection of duties and taxes and which also has the responsibility for the application of other laws and regulations relating to the importation, exportation, movement, or storage of goods
Customs Administration
shall refer to a facility established and authorized by the Bureau of Customs pursuant to Title VIII, Chapter 2 of the CMTA. This may include Customs Bonded Manufacturing Warehouse (CBMW), Miscellaneous Customs Bonded Warehouse (MMBW), Customs Common Bonded Warehouse (CCBW), Industry-Specific Customs Bonded Warehouse (ICBW), Bonded Non-Manufacturing Warehouse (BNMW), Public Bonded Warehouse and Private Bonded Warehouse as defined by regulation.
Customs Bonded Warehouse (CBW)
shall refer to a facility -established and authorized by the Bureau of Customs pursuant to Title VIII, Chapter 2 of the CMTA. This shall include Container Yard, Container Freight Station, Seaport Temporary Storage Warehouse and Airport Temporary Storage Warehouse as defined by regulation.
Customs Facility Warehouse (CFW)
shall refer to any person who is a bona fide holder of a valid Certificate of Registration or Professional Identification Card issued by the Professional Regulatory Board and Professional Regulation Commission pursuant to Republic Act No. 9280, as amended, otherwise known as the “Customs Brokers Act of 2004”
Customs Brokers
shall refer to a local entity that acts as a cargo
intermediary and facilitates transport of goods on behalf of its client without assuming the role of a carrier, which can also perform other forwarding services, such as booking cargo space, negotiating freight rates, preparing documents, advancing freight payments, providing packing/crating, trucking and warehousing, engaging as an agent/representative of a foreign non-vessel operating as a common carrier/cargo consolidator named in a master bill of lading as consignee of a consolidated shipment, and other related undertaking
Freight Forwarder
shall refer to a natural or juridical person engaged in the export of any goods or commodities to a foreign country from the Philippines
Exporter
shall refer to a natural or juridical person, including a manufacturer, seller or other person whose name appears on the commercial invoice as such
Foreign Supplier or Manufacturer
shall refer to a natural or juridical person engaged in the import of any goods into the Philippines
Importer
shall refer to persons responsible for the assembly and consolidation of shipments into single lot, and assuming, in most cases, the full responsibility for the international transport of such shipment from point of receipt to the point of destination
International Freight Forwarder
shall refer to the end-to-end process for shipping goods to or from the Philippines beginning at the point of origin (including manufacturer, supplier, or vendor) through a point of distribution to the destination.
International Supply Chain
