GLOSARIO

GLOSSARY CUSTOMS: is an authority or agency in a country responsible for collecting and safeguarding customs duties and for controlling the flow of goods including animals, transports, personal effects and hazardous items in and out of a country.... More

GLOSSARY CUSTOMS: is an authority or agency in a country responsible for collecting and safeguarding customs duties and for controlling the flow of goods including animals, transports, personal effects and hazardous items in and out of a country. AD-VALOREM: is a tax based on the value of real estate or personal property. It is more common than a specific tax, a tax based on the quantity of an item, such as cents per kilogram, regardless of price. EXW: "Ex works" means that the seller delivers when he places the goods at the disposal of the buyer at the seller's premises or another named place (i.e. works, factory, warehouse, etc.) not cleared for export and not loaded on any collecting vehicle. FAS: is an acronym for "free on board", meaning that the buyer pays for transportation of the goods. STATEMENT: is either (a) a meaningful declarative sentence that is either true or false, or (b) that which a true or false declarative sentence asserts. TRAFFIC:the movement of vehicles, ships, Less