it took some time, but I found a workaround:
My issue here was that I already had the clip I need on the sequence. effects are applied to the clip on the sequence only (there are no effects on the clip in the bin).
Copying the clip and deleting the original would have caused the clip on the sequence to be deleted and the effects would be deleted as well.
My workaround:
Save the effects on the clip as an effect chain> Copy the original and paste it into the desired bin> apply the effect chain onto the copy> delete the original clip and replace with the copy on the sequence.
This does raise a question though; why remove the option to just Right click>move to bin> Video Files?