1. Explain the significance of Load Port Survey.

load port survey (LPS) report- a report issued by an ACSC for bulk or breakbulk cargo to be imported into the Philippines. The report shall be submitted to the BOC directly from an ACSC insecure electronic format.

2. Explain the procedure on the accreditation of cargo surveying companies.

CREATION OF COMMITTEE FOR ACCREDITATION OF CARGO SURVEYING COMPANIES (CACSC).An accreditation committee directly under the supervision and control of the Office of the President is hereby created, hereinafter known as the Committee for Accreditation of Cargo Surveying Companies or CACSC, to be composed of the following

a. Presidential Adviser on Revenue Enhancement, as the authorized representative from the Office of the President;

b. Authorized representative of the Secretary of Finance;

c. Deputy Commissioner of Customs authorized by the Commissioner of Customs;

d. Two (2) authorized representatives from the Department of Trade and Industry; and

e. Two (2) authorized representative(s) of duly recognized industry associations as non-voting members.

The Presidential Adviser on Revenue Enhancement shall be the Chairman of the Committee.

3. Explain the classification of export as to movement, documentation and procedure.

Classification of exports

-As to physical movement of goods

Actual or outright exportation- refers to the customs procedure applicable to goods which, being in free circulation, leave the Philippine territory and are intended to remain permanently outside it.

Constructive exportation-refers tocustoms procedures applicable to goods which are subject of sale from free zone to the customs territory or vice versa, bonded manufacturing warehouse to free zone or vice versa

-As to Documentation and customs procedures to be undertaken at the time of exportation

Temporary exports-Which sent abroad for repair, processing, conditioning, public exhibition etc. and intention to re import is express at the time of exportation.

Exports claiming drawbacks

Exports from CBW

Exports from free zone

Regulated or restricted exports

4. Explain the difference of EAR registration of sole proprietorship and corporation.

Procedures in EAR registration

-The EAR encodes his CPRS Broker's Profile in the VASP

-VASP system shall send the EAR's encoded profile on the BOC's e2m

-EAR prints stored CPRS and submits with all required documents to the accrediting agency

-Accrediting agency endorses to AMO list of all EAR applicants together with:

oDuly notarized SPA in favor of the EAR where the exporter is a natural person or a single proprietorship

oCorporate secretary's certificate designating the EAR as its representative where the exporter is a registered corporation or partnership

-Based on the list endorsed by the accrediting agency AMO shall approve within 7 working days from the date of indorsement.