Dangerous and Hazardouscargo.
Doing Business As. Alegal term for conducting business under a registered name.
Department of Transportation. The executive branch departmentthat coordinates and oversees transportation functions in the specific country.
Destination DeliveryCharge. A charge based on container size that is applied in many tariffs tocargo. This charge is considered accessorial and is added to the base oceanfreight. This charge covers crane lifts off the vessel drayage of the containerwithin the terminal and gate fees at the terminal operation.
One leg of a move without a paying cargo load. Usually refers torepositioning an empty piece of equipment
A long ton of cargo that can be stowed in less than 40 cubicfeet.
The number of tons of 2240 pounds that a vessel can transport ofcargo stores and bunker fuel. It is the difference between the number of tonsof water a vessel displaces light and the number of tons it displaces whensubmerged to the load line. An approximate conversion ratio is 1NT = 1.7GT and1GT = 1.5DWT.
Place where loose or other non containerized cargo is ungroupedfor delivery.
The weight by which a shipment is less than the minimum weight.
Order to pick up goods at a named place and deliver them to apier. Usually issued by exporter to trucker but may apply to a railroad whichcompletes delivery by land. Use is limited to a few major U.S. ports. Also known as shippingdelivery order.
Demurrage/Despatch money. (Under vessel chartering terms theamount to be paid if the ship is loading/discharging slower/faster thanforeseen.)
A penalty charge against shippers or consignees for delaying thecarriers equipment or vessel beyond the allowed free time. The free time anddemurrage charges are set forth in the charter party or freight tariff.
The weight of cargo per cubic foot or other unit.
Department of HomelandSecurity (DHS)
Single integrated agency focused on protecting the American people and theirhomeland.
Container freight station or a designated area where emptycontainers can be picked up or dropped off.
An incentive payment paid by the vessel to the charterer forloading and unloading the cargo faster than agreed. Usually negotiated only incharter parties. Also called dispatch.
The place to which a shipment is consigned. The place wherecarrier actually turns over cargo to consignee or his agent.
Destination Control Statements
Various statements that the U.S. government requires to bedisplayed on export shipments. The statements specify the authorized destinations.
A penalty charge against shippers or consignees for delayingcarriers equipment beyond allowed time. Demurrage applies to cargo, detentionapplies to equipment.
A Norwegian classification society which certifies seagoingvessels for compliance to standardized rules regarding construction andmaintenance.
The unloading of a container or cargo van.
Damage Free Car. Boxcars equipped with special bracing material.
An amount added or deducted from base rate to make a rate to orfrom some other point or via another route.
DiscrepancyLetter of Credit
When documents presented do not conform to the requirements ofthe letter of credit (L/C) it is referred to as a discrepancy. Banks will notprocess L/Cs which have discrepancies. They will refer the situation back tothe buyer and/or seller and await further instructions.
The weight in tons of 2240 pounds of the vessel and itscontents. Calculated by dividing the volume of water displaced in cubic feet by35 the average density of sea water.
A change made either in the route of a shipment in transit (seeReconsignment) or of the entire ship.
Carriers practice of dividing revenue received from rates wherejoint hauls are involved. This is usually according to agreed formulae.
For ships a cargo handling area parallel to the shoreline wherea vessel normally ties up.For land transportation a loading or unloading platform at anindustrial location or carrier terminal.
Refers to the charge assessed against the vessel for berthing atthe facility or for mooring to a vessel so berthed.
Present a rate proposal to a conference meeting for adoption asa conference group rate.
A form used to acknowledge receipt of cargo and often serves asbasis for preparation of the ocean bill of lading.
DocumentsAgainst Acceptance (D/A)
Instructions given by a shipper to a bank indicating thatdocuments transferring title to goods should be delivered to the buyer only uponthe buyers acceptance of the attached draft.
DocumentsAgainst Payment (D/P)
An indication on a draft that the documents attached are to bereleased to the drawee only on payment.
A set of wheels that support the front of a container, used whenthe automotive unit is disconnected.
Door to Door
Through transportation of a container and its contents fromconsignor to consignee. Also known as House to House. Not necessarily a throughrate.
The number of feet that the hull of a ship is beneath thesurface of the water. An unconditional order in writing addressed by one party(drawer) to another party (drawee) requiring the drawee to pay at a fixed ordeterminable future date a specified sum in lawful currency to the order of aspecified person.
A draft that matures on a fixed date regardless of the time ofacceptance.
An order issued by a seller against a purchaser, directs paymentusually through an intermediary bank. Typical bank drafts are negotiableinstruments and are similar in many ways to checks on checking accounts in abank.
A draft to which no documents are attached.
A time draft under a letter of credit that has been accepted andpurchased by a bank at a discount.
A draft payable on demand upon presentation.
A draft that matures at a fixed or determinable time afterpresentation or acceptance.
A partial refund of an import fee. Refund usually resultsbecause goods are re exported from the country that collected the fee.
The individual or firm that issues a draft and thus stands toreceive payment.
Charge made for local hauling by dray or truck. Same as Cartage.
Destination Rail FreightStation. Same as CFS at destination except a DRFS is operated by the railcarrier participating in the shipment.
A container constructed to carry grain powder and other free flowingsolids in bulk. Used in conjunction with a tilt chassis or platform.
Cargo that is not liquid and normally does not requiretemperature control.
Delay in Startup Insurance is a policy to protect the seller ofa construction project from penalties if the project is not completed on time.See Liquidated Damages.
Attempting to import merchandise into a country at a price lessthan the fair market value usually through subsidy by exporting country.
Any material or objects utilized to protect cargo. Examples ofdunnage are blocks boards burlap and paper.
The amount on which an Ad Valorem or customs duty is calculated.
See Deadweight Tonnage.