Terms used in shipping such as Delivered at Frontier, Dangerous Goods,Damage for Detention,Delivered At Place,Delivered At Terminal etc.
This post explains about terms used in shipping such as Delivered at Frontier, Dangerous Goods,Damage for Detention,Delivered At Place,Delivered At Terminal,Date Draft ,Delivered Duty Paid,DEAD FREIGHT,Dead Weight Tonnage etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.
Terms used in shipping
DAF Delivered at Frontier (named place) – Incoterms:The seller must pay the costs and freight to bring the goods to a land frontier, but before the customs border of the adjoining country. This term is for land transport only.
Dairy Export Incentive Program - DEIP, one of four export subsidy programs operated by the Department of Agriculture, helps U.S. exporters meet prevailing world prices for targeted dairy products and destinations. USDA pays cash to U.S. exporters as bonuses, allowing them to sell certain U.S. dairy products in targeted countries at prices below the exporter's costs of acquiring them. DEIP is used to help products produced by U.S. farmers meet competition from subsidizing countries.
Damage for Detention - Sum of money payable to the shipowner by the voyage charterer, or anyone who becomes a party to the terms of the charter, for failing to load and/or discharge cargo within the time allowed in the Charter-Party. It is payable for each day or part thereof until completion of loading or discharging, as the case may be. Unlike demurrage, the amount is not agreed in advance, but is normally set by the Court either at the same rate as demurrage if such a rate has been incorporated into the Charter-Party, or based on the daily running cost of the ship plus any profit which shipowner might reasonably have expected. These damages apply when the Charter-Party contains no provision for demurrage or when the agreed period of demurrage is exceeded.
DANGEROUS CARGO:All substances of an inflammable nature which are liable to spontaneous combustion either in themselves or when stowed adjacent to other substances and, when mixed with air, are liable to generate explosive gases or produce suffocation or poisoning or tainting of foodstuffs.
Dangerous Goods:(Dangerous Goods shipping is currently available via FedEx Ship Manager for U.S. domestic and U.S. export FedEx Express shipments only.) Dangerous goods are articles or substances which are capable of posing a risk to health, safety, property, or the environment and which are classified according to the International Air Transport Association (IATA) regulations or 49 Code of Federal Regulations (49 CFR).
DANGEROUS GOODS:Articles or substances capable of posing a significant risk to health, safety or property and that ordinarily require special attention when being transported.
Dangerous Goods:Commodities classified by IATA according to its nature and characteristic in terms of the effect of its danger to carrier's flying safety.
Dangerous Goods:The term used by I.M.C.O. for hazardous materials which are capable of posing a significant risk to health, safety or property while being transported.
Danish International Development Assistance - Danish development assistance is directed toward alleviating poverty by promoting economic growth and social development. Recent DANIDA policy is to increase aid quality by establishing long-term program cooperation with fewer (20-to-25) developing countries, by emphaiszing grants instead of loans, by strengthening the role of women in development, and by promoting respect for human rights and democractic values. About half of Danish aid is bilateral assistance intended to reach the least privileged in the poorest countries, about half the bilateral assistance is allocated to the countries classified by the UN as least developed countries. Most of the remaining aid is granted as multilateral assistance through international orgnizations -- the UN system, the regional development banks, the European Community, and as humanitarian assistance. Following a May 1991 restructuring of Danish aid administration, DANIDA has ceased to exist as an organization but is used to denote official Danish cooperation with developing countries. That reorganization established a South Group in the Ministry of Foreign Affairs as the locus of development assistance. South Group headquarters are in the Ministry of Foreign Affairs, Copenhagen, Denmark.
DAP (Delivered At Place) New Term – May be used for all transport modes Seller delivers the goods when they are placed at the disposal of the buyer on the arriving means of transport ready for unloading at the named place of destination. Parties are advised to specify as clearly as possible the point within the agreed place of destination, because risks transfer at this point from seller to buyer. If the seller is responsible for clearing the goods, paying duties etc., consideration should be given to using the DDP term.
DAP (Delivered At Place):DAP term is used for any type of shipments. The shipper/seller pays for carriage to the named place, except for costs related to import clearance, and assumes all risks prior to the point that the goods are ready for unloading by the buyer.
DAT (Delivered At Terminal):This term is used for any type of shipments. The shipper/seller pays for carriage to the terminal, except for costs related to import clearance, and assumes all risks up to the point that the goods are unloaded at the terminal.
Data on Consulting Firms - DACON is a computerized roster of consulting firms interested in doing business on World Bank-financed projects. The Bank uses DACON registrations to select firms to be considered for short lists (that is, a select list of firms to be invited to submit proposals) as well as to review the qualifications of firms proposed by the borrower. Registration eligibility includes minimum size and experience requirements. Consulting firms are not required to register; registration does not constitute the Bank's endorsement of the firm's qualifications or the Bank's approval of the firm's appointment for any specific project. The use of the acronym DACON is not limited to the World Bank; for example, the Inter-American Development Bank also maintains data on consultants in its separately administered DACON.
Date Draft - A draft which matures a specified number of days after the date it is issued, without regard to the date of acceptance.
DAVITS:Two radial cranes on a ship which hold the lifeboats. They are constructed in such a way as to lower and lift the lifeboats the easiest way possible and are unobstructed in case of an emergency.
DBGLS - Development Bank of the Great Lakes States
Dbk. – Drawback
DCA (DEPARTMENT OF CIVIL AVIATION):Denotes the government department of any foreign country that is responsible for aviation regulation and granting traffic rights.
DCM - Deputy Chief of Mission
DCS - Defense Conversion Subcommittee
dd. – Delivered
dd/s. - Delivered sound (grain trade)
DDC:Abbreviation for "Destination Delivery Charge." A charge, based on container size, that is applied in many tariffs to cargo. This charge is considered accessorial and is added to the base ocean freight. This charge covers crane lifts off the vessel, drayage of the container within the terminal and gate fees at the terminal operation.
DDP - [check Delivered Duty Paid]
DDP Delivered Duty Paid (named place of destination) - Incoterms:The seller fulfils his obligation to deliver when the goods have been made available at an agreed point at the named place in the country of importation, often the buyer's premises. The seller has to bear the risks and all costs, including duties, taxes and other charges of delivering the goods thereto, cleared for importation. This term should not be used if the seller is unable directly or indirectly to obtain any necessary import licence or approval. This term may be used for all modes of transport.
DDU Delivered Duty Unpaid (named place of destination) – Incoterms:The seller fulfils his obligation to deliver when the goods have been made available at an agreed point at the named place in the country of importation. The seller has to bear the risks and all costs and other charges of delivering the goods thereto, but not including duties and taxes. The buyer is responsible for customs clearance, and if he fails to do this, he is responsible for the consequences. This term may be used for all modes of transport.
DEAD FREIGHT:Freight charges paid by the charterer of a vessel for the contracted space that is left partially unoccupied.
Dead Space:Space in a car, truck, vessel, etc., that is not utilized.
Dead Weight Tonnage (DWT): Maximum weight of a vessel including the vessel, cargo and ballast.
The above details describes about terms called in shipping such as Delivered at Frontier, Dangerous Goods,Damage for Detention,Delivered At Place,Delivered At Terminal,Date Draft ,Delivered Duty Paid,DEAD FREIGHT,Dead Weight Tonnage etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in shipping business below this post.Terms used in shipping such as Container Yard,Delivery,Direction finder,Daily pro rata,Deadweight,Deadweight capacity
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