Terms used in shipping such as Devanning,Differential Rate,DIM WEIGHT,Dimensional Weight etc.
This post explains about terms used in shipping such Detention,Devanning,Differential Rate,DIM WEIGHT,Dimensional Weight,Direct Exporting,Direct Ship 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
Detention:the charges assessed by the motor carrier when the shipper/receiver holds a truck trailer beyond the free time allowed for loading or unloading. Industry standard in truckload transportation is four hours free.
Deutsche Finanzierungsgesellschaft fur Beteilgungen in Entwicklungslandern GmbH - DEG (English: German Financing Company for Investments in Developing Countries) promotes direct private-sector investment in developing countries and provides advisory services in planning and implementing jointly financed and managed companies. DEG operations emphasize matching small and medium sized German companies with similar third world counterparts. See: Deutsche Gesellschaft fur Technische Zusammenarbeit Kreditanstalt fur Wiederaufbau.
Deutsche Gesellschaft fur Technische Zusammenarbeit - The GTZ (English: German Agency for Technical Cooperation) plans, executes, and monitors technical cooperation projects and programs in conjunction with partner organizations in developing countries. The agency provides advisory services to German and other national organizations, selects and trains experts, and releases project funds. See: Deutsche Finanzierungsgesellschaft fur Beteilgungen in Entwicklungslandern GmbH Kreditanstalt fur Wiederaufbau.
Devan (Devanned, Devanning, Deconsolidation):Unloading of cargo from a Sea Freight Container
Devanning:Process in which a landed container is unsealed (usually in the presence of customs) and all its contents are taken out. Also called stripping or unstuffing of container.
Devanning:The removal of cargo from a container. Also known as unstuffing, unloading or stripping.
Devanning:The unloading of a container or cargo van.
Development Assistance - DA refers to specific economic assistance provided by the Agency for International Development. DA includes "functional" accounts that emphasize long-term development objectives for Agriculture, Rural Development and Nutrition; Population Planning; Health; Child Survival Fund; AIDS Prevention and Control; Education and Human Resources Development; Private Sector; Energy and Environment, and Science and Technology Corporation, as well as the Development Fund for Africa, and other assistance -- the Special Assistance Initiatives and Humanitarian and Technical Assistance for the former Soviet republics. See: Economic Support Fund.
Development Assistance Committee - The DAC, which consists of most members of the Organization of Economic Cooperation and Development (OECD), coordinates member country aid policies and programs to Lesser Developed Countries.
Development Bank of the Great Lakes States - The DBGLS (French: Banque du Developpement des Etats du Grand Lac, BDEGL) provides technical and financial assistance to promote socio-economic development among its members: Burundi, Rwanda, and Zaire. The Bank was established in 1977; headquarters are in Goma, Zaire. See: Economic Community of the Great Lakes Countries.
Development Fund for Africa - The DFA channels all U.S. development assistance to Sub-Saharan Africa. The Fund has put emphasis on certain sectors, including agricultural production in connection with the preservation of natural resources, health, voluntary family planning, education, and income generation. The Fund is administered by the U.S. Agency for International Development; it was enacted by Congress in 1987. See: African Development Foundation African Development Fund.
Deviation Clause - Clause in a Bill of Lading or Charter-Party allowing the shipping line or shipowner to deviate from the agreed route or normal trade route. This clause varies from contract to contract and may permit the ship to call at unscheduled ports for whatever reason, or to deviate to save life or property.
DEVIATION:Vessel departure from specified voyage course
DF - Designated Federal Officer
DF Car:Damage-Free Car. Boxcars equipped with special bracing material.
DFA - Development Fund for Africa
Dft. – Draft
DG Cert (Dangerous Goods Certificate):Document which must accompany hazardous cargo during transit
DHD — Demurrage Half Despatch - This term, often found in voyage charter negotiations, signifies that despatch money is to be paid at the daily rate of demurrage. The rate of demurrage precedes this term in the offer. For example, an offer by telex might read USD 5.000 dhd, which signifies that demurrage would be at the rate of U.S. Dollars 5,000 per day and despatch money at U.S. Dollars 2,500 per day.
Differential Rate:An amount added or deducted from base rate to make a rate to or from some other point or via another route.
Differential:An amount added or deducted from base rate to make a rate to or from some other point or via another route.
DIM WEIGHT (DIMENSIONALIZED WEIGHT):An international airfreight formula determined by calculating length x width x height and dividing by 166. It is charged when the actual weight is less than the dimensionalized weight.
Dimensional Weight:Also called measurement weight. This is the size of consignment calculated by total square feet by 6000. Carrier charge for freight based on the dimensional weight or actual gross weight whichever is higher.
Dimensional Weight:Dimensional weight is a calculation of the shipment's weight based on its volumetric standard instead of its actual weight. Dimensional weight is calculated by multiplying the length by width by height of each package in inches or centimeters and dividing by a dimensional weight divisor. The dimensional weight divisor varies by service offering and unit of measure (inches or centimeters).For FedEx International Priority, FedEx International First & FedEx International Economy rates are based on the total weight of all packages in one shipment using one air waybill. Any fraction of a kilo takes the next higher weight.When dimensional weight exceeds actual weight, shipments will be charged according to the IATA volumetric standard.
Dimensions:Enter the length, width, and height of the package. Package dimensions must be at least 1 inch/cm for Length, 1 inch/cm for Width, 1 inch/cm for Height. For multiple piece shipments, you can ship up to 25 packages using 10 unique rows of weight/dimensions information.
DIMS:industry slang term used in airfreight to describe the dimensional weight of merchandise.
Direct Exporting - Sale by an exporter directly to a buyer located in a foreign country.
Direct Investment - Direct investment is defined in the International Monetary Fund's Balance of Payments Manual as "investment that is made to acquire a lasting interest in an enterprise operating in an economy other than that of the investor, the investor's purpose being to have an effective voice in the management of the enterprise." In the United States, direct investment is defined for statistical purposes as the ownership or control, directly or indirectly, by one person of 10 percent of more of the voting securities of an incorporated business enterprise or an equivalent interest in an unincorporated business enterprise. Direct investment transactions are not limited to transactions in voting securities. The percentage ownership of voting securities is used to determine if direct investment exists, but once it is determined that it does, all parent-affiliate transactions, including those not involving voting securities, are recorded under direct investment. See: Foreign Direct Investment in the United States Foreign Person U.S. Affiliate.
Direct Ship:Ship without consolidation and under one MAWB ie non- consolidation .
Direction des Relations Economiques Exterieures - DREE, located in the French Ministry of Economic Affairs, Finance and Budget, is the main policymaking agency for export promotion and credit activities. DREE oversees the activities of other agencies that provide domestic and overseas export assistance, including the French Center for Foreign Commerce (Centre Francais du Commerce Exterieur, CFCE) and the French equivalent of the U.S. & Foreign Commercial Service (the Poste d'Expansion Economique). DREE also coordinates France's interagency position on trade issues, negotiates bilateral trade agreements, and participates in the multilateral trade talks in the European Community and the General Agreement on Tariffs and Trade. Within France, CFCE is the primary point of contact for export promotion services, while overseas, the Poste d'Expansion Economique provides promotional services to French firms. Through a network of regional offices in France, CFCE counsels exporters and organizes overseas trade events. CFCE also gathers and distributes trade information.
The above details describes about terms called in shipping such as Detention,Devanning,Differential Rate,DIM WEIGHT,Dimensional Weight,Direct Exporting,Direct Ship 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 DENSITY,Delivered ex Quay ,Delivered ex Ship, Despatch, Destination
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