This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
  1. KudoZ™ Top
  2. Croatian to English

glavni obveznik

English translation: principal

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Croatian term or phrase:glavni obveznik (carina)
English translation:principal
Entered by: Davorka Grgic

16:08 Nov 27, 2001
Croatian to English translations [PRO]
Croatian term or phrase: glavni obveznik
Carinska deklaracija. Osoba koja uvozi robu i koja je zastupana od strane neke carinske agencije.

Hvala svima unaprijed.

D.
Davorka Grgic
Local time: 06:32
PRINCIPAL
Explanation:
Davorka, the following is an excerpt from a Trade Compliance Handbook prepared on behalf of the US Customs Service. Unfortunately I am not familiar with the terminology used by the Britons.

A. Principal – This party must obtain a bond to ensure the payment of its obligations to Customs.
(Or as it was explained to by my better half the principal is the one who is ultimately responsible for the payment)

B.Surety – This party furnishes the bond. It is usually an insurance company approved by Customs. The surety agrees to pay the principals obligations (duties, taxes, penalties or liquidated damages) to Customs, should the principal default. The surety charges the principal a fee for this service.
(This might help you if you are looking for a name for these types of agencies)

C. Creditor – This party is paid by the surety if the principal defaults on its obligations. Customs is the creditor for all Customs bonds.


Selected response from:

IZIDA
Grading comment
Thank you for your intelligent, well-researched answer. It saved my translation. It is a privilege to have such a colleague.

The best of luck.

D.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +3PRINCIPAL
IZIDA


  

Answers


2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
PRINCIPAL


Explanation:
Davorka, the following is an excerpt from a Trade Compliance Handbook prepared on behalf of the US Customs Service. Unfortunately I am not familiar with the terminology used by the Britons.

A. Principal – This party must obtain a bond to ensure the payment of its obligations to Customs.
(Or as it was explained to by my better half the principal is the one who is ultimately responsible for the payment)

B.Surety – This party furnishes the bond. It is usually an insurance company approved by Customs. The surety agrees to pay the principals obligations (duties, taxes, penalties or liquidated damages) to Customs, should the principal default. The surety charges the principal a fee for this service.
(This might help you if you are looking for a name for these types of agencies)

C. Creditor – This party is paid by the surety if the principal defaults on its obligations. Customs is the creditor for all Customs bonds.





    Trade Compliance Handbook-US Customs Service
IZIDA
PRO pts in pair: 4
Grading comment
Thank you for your intelligent, well-researched answer. It saved my translation. It is a privilege to have such a colleague.

The best of luck.

D.

Peer comments on this answer (and responses from the answerer)
agree  DanielaBB
4 hrs
  -> Thanks
agree  Nenija Hasanic: Principal - Osoba/Firma u cije ime i za ciji racun se roba ili usluga uvozi i koji u nacelu snosi troskove carinskih pristojbi i dazbina
7 hrs
  -> Thanks
agree  hrvaska
261 days
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search