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- TIMS
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- T. & C.C. - Technical and Clauses Committee
- T. & G. - Tongued and grooved (timber trade)
- t. & s. - Touch and stay
- T.&G. - Tongued and grooved (timber trade)
- T.B. - Trial Balance
- T.B.A. - Tobe advised, To be agreed
- T.C.I. - Time charterer's interest
- T.D.W. - Tonnage deadweight
- T.E. - Trade expenses
- T.E.E. - Trans-Europe Express
- T.F. - Tropical freshwater
- T.G.B - Tongued, grooved and beaded
- T.I.B. - Trimmed in bunkers
- T.I.V. - Total insured value
- T.L. - Total loss
- T.L.O. - Total loss only
- T.L.V.O. - Total loss of vessel only
- T.O.R. - Time on Risk
- T.O.T. - Terms of trade
- T.O.V.A.L.O.P. - Tanker Owners' Voluntary Agreement Concerning
Liability for Oil Pollution
- T.P.I. - Tons per inch
- T.P.Liab. - Third party liability
- T.P.N.D. - Theft, pilferage and non-delivery
- T.Q. - Tale quale (as found)
- T.S.I. - Total sum insured
- T.T. - Telegraphic transfer
- T.T.F. - Timber Trade Federation
- T.W.M.C. - Transport, wages, maintenance and care
- T/C - Till countermanded
- t/h - Tonnes per hour
- T/L - Total loss
- T/O - Transfer order
- T/S - Transhipment
- TA - Trade Assistant
- TAA - Trade Adjustment Assistance
- Table of Denial Orders - The TDO is a list of individuals and
firms that have been disbarred from shipping or receiving U.S.
goods or technology. Firms and individuals on the list may be
disbarred with respect to either controlled commodities or general
destination (across-the-board) exports. The list is published
in the Export Administration Regulations.
- TAC - Technical Advisory Committee
- TAP - Trade Assistance and Planning Office
- Tare Weight - The weight of a container and/or packing materials
without the weight of the goods it contains.
- Targeted Export Assistance Program - See: Market Promotion
Program.
- TARIC - Integrated Tariff of the European Community
- Tariff - A tax assessed by a government in accordance with
its tariff schedule on goods as they enter (or leave) a country.
May be imposed to protect domestic industries from imported goods
and/or to generate revenue. Types include ad valorem, specific,
variable, or some combination.
- Tariff Act of 1930 - Title VII of the Tariff Act of 1930, as
amended, provides for the imposition of antidumping duties on
imported merchandise found to have been sold in the United States
at "less than fair value," if these sales have caused
or are likely to cause material injury to, or materially retard
the establishment of, an industry in the United States. The following
terms and phrases are commonly used in connection with procedings
under The Tariff Act of 1930, as amended. See: Administrative
Review Antidumping Duty Antidumping Investigation Notice Antidumping
Duty Order Antidumping Petition Assessment "Class or Kind"
of Merchandise Constructed Value Cost of Production Critical Circumstances
Deposit of Estimated Duties Disclosure Meeting Dismissal of Petition
Dumping Margin Exporter's Sales Price Fair Value Final Determination
Foreign Market Value Hearing Period of Investigation Preliminary
Determination Protective Order Purchase Price Revocation of Antidumping
Duty Order & Termination of Suspended Investigation Section
337 Summary Investigation Suspension of Investigation Suspension
of Liquidation.
- Tariff Anomaly - A tariff anomaly exists when the tariff on
raw materials or semi-manufactured goods is higher than the tariff
on the finished product.
- Tariff Bindings - The agreement by contracting parties to maintain
the duty rates on specified goods at negotiated levels or below.
Bindings are provided for in GATT Article II.
- Tariff Escalation - A situation in which tariffs on manufactured
goods are relatively high, tariffs on semi-processed goods are
moderate, and tariffs on raw materials are nonexistent or very
low.
- Tariff Escalation - This term refers to the common situation
whereby raw materials and less processed goods are generally dutied
at lower rates than more processed versions of the same or derivative
goods. For instance, the import duty in most countries is generally
higher for petrochemicals than for the petroleum and other raw
materials necessary for their production. It is argued by primary
commodity exporting nations that this situation confers a higher
degree of protection for the processing industries of importing
countries than nominal tariff rates would suggest.
- Tariff Quota - A tariff that remains at the same level until
a certain quantitative limit (quota) is reached. The duty on imports
ports in excess of that level will be higher.
- Tariff Quotas - Application of a higher tariff rate to imported
goods after a specified quantity of the item has entered the country
at a lower prevailing rate.
- Tariff Schedule - A comprehensive list of the goods which a
country may import and the import duties applicable to each product.
- Tariff Schedules of the United States - See: Tariff Schedules
of the United States Annotated.
- Tariff Schedules of the United States Annotated - Effective
1979 to January 1989, the U.S. import statistics were initially
collected and compiled in terms of the commodity classifications
in the Tariff Schedules of the United States Annotated (TSUSA),
an official publication of the U.S. International Trade Commission
embracing the legal text of the Tariff Schedules of the United
States (TSUS) together with statistical annotations. This publication
was superseded by the Harmonized Tariff Schedule of the United
States Annotated for Statistical Reporting Purposes (HTSUSA) in
January 1989. Effective 1979 to January 1989, the U.S. export
statistics were initially collected and compiled in terms of the
commodity classifications in Schedule B, Statistical Classification
of Domestic and Foreign Commodities Exported from the United States.
Schedule B is a U.S. Bureau of the Census publication and, during
this period, was based on the framework of the TSUS. In January
1989, this publication was replaced by Schedule B based on the
Harmonized System. See: Schedule B.
- Tariff Surcharges - An import tax that is usually assessed
at a flat rate over and above whatever duties are assessed.
- Tax Information Exchange Agreement - A TIEA imposes on the
agreeing countries a mutual and reciprocal obligation to exchange
information relating to the enforcement of their respective tax
laws. A TIEA provides a means by which a signatory government
can pursue certain tax evaders, particularly in cases involving
large tax claims or drug enforcement. Countries that sign a TIEA
agree to: (a) exhange tax information at the government level
in a form admissable to U.S. or host country courts; (b) collect
information without regard to the taxpayer's nationality; (c)
establish a means for compelling the production of tax information;
and (d) ensure that local laws do not prohibit the sharing of
tax information. A TIEA can support tourism in a signatory country
because the Agreement facilitates Internal Revenue Service approval
of the destination as a necessary business expense (deductible
for Federal income tax purposes) for U.S. citizens and companies
which seek to justify attendance at business conventions and seminars
in a signatory country.
- TCI - Third Country Initiative
- TCMD - Third Country Meat Directive
- Tcpa. - Target closest point of approach
- TD - Table of Denial Orders
- TDA - Trade and Development Agency
- TEA - Targeted Export Assistance Program
- Technical Advisory Committees - The TACs are voluntary groups
of industry and government representatives who provide guidance
and expertise to Commerce on export control matters, including
evaluation of technical issues; worldwide availability, use and
production of technology; and licensing procedures related to
specific industries. TACs have been set up for: (a) materials
(Materials Technical Advisory Committe, MATAC), (b) biotechnology
(Biotechnology Technical Advisory Committee, BIOTAC), (c) computer
systems (CSTAC), (d) electronics (ETAC) (formerly "semiconductors"),
(e) sensors (STAC) (formerly "electronic instrumentation"),
(f) materials processing equipment (MPETAC) (formerly "automated
manufacturing equipment"), (g) regulations and procedures
(RPTAC), (h) telecommunications equipment (TETAC), and (i) transportation
and related equipment (TRANSTAC).
- Technical Barrier to Trade - A specification which sets forth
characteristics a product must meet (such as levels of quality,
performance, safety or dimensions) in order to be imported.
- Technical Barrier to Trade - According to the Standards Code,
a specification which sets forth characteristics or standards
a product must meet (such as levels of quality, performance, safety,
or dimensions) in order to be imported.
- Technology - BXA regulations define technical data as "information
of any kind that can be used, or adapted for use, in the design,
production, manufacture, utilization, or reconstruction of articles
or materials. Technology can be either "tangible" or
"intangible." Models, prototypes, blueprints or operating
manuals (even if stored on recording media) are examples of tangible
technology. Intangible technology consists of technical services,
such as training, oral advice, information guidance and consulting.
- Technology Transfer - This term is used to characterize "the
transfer of knowledge generated and developed in one place to
another, where is it is used to achieve some practical end."
Technology may be transferred in many ways: by giving it away
(technical journals, conferences, emigration of technical experts,
technical assistance programs); by industrial espionage; or by
sale (patents, blueprints, industrial processes, and the activities
of multinational corporations).
- Temporary Importation under Bond - When an importer makes entry
of articles brought into the United States temporarily and claimed
to be exempt from duty under Chaper 98, Subchapter XIII, Harmonized
Tariff Schedule of the United States, a bond is posted with Customs
which guarantees that these items will be exported within a specified
time frame (usually within one year from the date of importation).
Failure to export these items makes the importer liable for the
payment of liquidated damages for breach of the bond conditions.
(See 19 CFR 10.31.). The Temporary Importation under Bond (TIB)
is usually twice the amount of duties and other payments the importer
would otherwise be required to pay. Merchandise imported under
TIB is usually for sales demonstration, testing, or repair.
- Terms of Reference - TOR is World Bank parlance referring to
the preparation of a description of the assignment for consultants
to be selected by borrowers following World Bank procedures.
- Terms of Trade - Terms of trade refers to the economic factors
affecting a country's foreign trade in goods and services, such
as dependency on foreign sourcing and relative competitiveness
in production.
- TEU - Twenty-foot equivalent unit
- Textile Surveillance Body - The TSB is an international body
which meets in Geneva at the GATT to monitor the Multi-Fiber Arrangement.
The TSB receives reports of all textile restrictions and can make
recommendations to participants. It can mediate disputes between
parties to the MFA but has no binding powers. Membership is balanced
between importing and exporting members.
- TF - Trade Fair (Overseas-Recruited)
- TFC - Trade Fair Certification
- TFW - Trade Fair (Washington-Recruited)
- Third Country Initiative - The TCI was created to help countries
establish an export control system on strategic commodities. Such
countries, while not members of CoCom, would establish export
control systems that provide levels of protection as close as
possible to those provided by CoCom. Such systems include: (a)
import certifications and delivery verifications, (b) controls
over reexports of CoCom-origin, controlled goods and indigenous
exports of CoCom-controlled goods, (c) cooperation in pre-licensing
and post-shipment checks, and (d) cooperation on enforcement matters.
The United States supports the third country initiative through
section 5(k) of the Export Administration Act, which allows it
to provide selected non-CoCom countries with the same licensing
benefits provided to CoCom members.
- Third Country Meat Directive - The TCMD is a regulation by
which the European Community controls meat imports based on sanitary
requirements. The TCMD requires individual inspection and certification
by EC veterinarians of U.S. meat plants wishing to export to the
EC.
- Threshold Value - The dollar value of contracts above which
government entities are covered by the government procurement
code.
- Through Bill of Lading - A single bill of lading covering receipt
of the cargo at the point of origin for delivery to the ultimate
consignee, using two or more modes of transportation.
- TIAS - Treaties and Other International Acts Series
- TIB - Temporary Importation under Bond
- TIC - Trade Information Center
- TIEA - Tax Information Exchange Agreement
- Tied Aid Credit - Tied aid credit refers to the practice of
providing grants and/or concessional loans, either alone or combined
with export credits, linked to procurement from the donor country.
- Tied Loan - A loan made by a government agency that requires
a foreign borrower to spend the proceeds in the lender's country.
- TIFTs - Trade and Investment Facilitation Talks
- TIMS - Textiles Information Management System
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