Import and Export Glossary with Letter D
D.F. : Dead Freight
D.W. : Deadweight (tons of 2,240 lbs.)
D.W.C. : Deadweight for cargo
Dangerous Goods : Articles or substance capable of posing a significant risk to health, safety or property, and that ordinarily require special attention when being transported.
DAT : Dangerous articles tariff.
Date Draft : A draft that matures in a specified number of days after the date it is issued, without regard to the date of acceptance. See Draft, Sight draft, and Time draft.
DCA : Department of Civil Aviation. Commonly used term to denote the government department of any foreign country that is responsible for aviation regulation and granting traffic rights.
DDP : Delivered duty paid. Also known as "free domicile."
DDU : Delivered duty unpaid. Reflects the emergence of "door-to-door" intermodal or courier contracts or carriage where only the destination customs duty and taxes (if any) are paid by consignee.
Dead Freight : Is freight charges paid by the charterer of vessel for the contracted space, which is left partially unoccupied.
Dead Leg : Is a sector flown without payload
Deck Cargo : Is cargo carried on deck rather than stowed under deck. On deck carriage is required for certain commodities, such as explosives.
Deferred Payment Credit : Type of letter of credit providing for payment some time after presentation of shipping documents by exporter.
Deferred Rebate : The return of a portion of the freight charges by a carrier or a conference shipper in exchange for the shipper giving all or most of his shipments to the carrier or conference over a specified period of time (usually 6 months). Payment of the rate is deferred for a further similar period, during which the shipper must continue to give all or most of his shipments to the rebating carrier or conference. The shipper thus earns a further rebate which will not, however, be paid without an additional period of exclusive or almost exclusive patronage with the carrier of conference. In this way, the shipper becomes tied to the rebating carrier or conference. Although, the deferred rebate system is illegal in U.S. foreign commerce, it generally is accepted in the ocean trade between foreign countries.
Deferred Payment Credit : Type of letter of credit providing for payment some time after presentation of shipping documents by exporter.
Demand Draft : See Sight draft.
Demurrage : A penalty for exceeding free time allowed for loading or unloading at a pier or freight terminal. Also a charge for undue detention of transportation equipment or carriers in port while loading or unloading.
Density : Density means pounds per cubic foot. The cubage of loose articles or pieces, or packaged articles of a rectangular, elliptical or square shape on one plane shall be determined by multiplying the greatest straight line dimensions of length, width and depth in inches, including all projections, and dividing the total by 1728 (to obtain cubic feet). The density is the weight of the article divided by the cubic feet thus obtained.
DEQ : Delivered ex quay/duty paid.
Destination Control Statement : Any of various statements that the U.S. government requires to be displayed on export shipments and that specify the destination for which export of the shipment has been authorized.
Devaluation : The official lowering of the value of one country's currency in terms of one or more foreign currencies. For example, if the U.S. dollar is devalued in relation to the French franc, one dollar will "buy" fewer francs than before.
DGR : Dangerous Goods Requirement.
Dim Weight : (Dimensionalized Weight) Determined by calculating length x width x height and dividing by 166. Charged when actual weight is less than the dim. weight.
DISC : Domestic International Sales Corporation. Discrepancy - Letter of credit - When documents presented do not conform to the letter of credit it is referred to as a discrepancy.
Dispatch : An amount paid by a vessel's operator to a charterer if loading or unloading is completed in less time than stipulated in the charter party.
Distributor : A foreign agent who sells for a supplier directly and maintains an inventory of the supplier's products.
Dock Receipt : A receipt issued by an ocean carrier to acknowledge receipt of a shipment at the carrier's dock or warehouse facilities. Also see Warehouse receipt.
Documentary Draft : A draft to which documents are attached.
Documents Against Acceptance (D/A) : Instructions given by a shipper to a bank indicating that documents transferring title to goods should be delivered to the buyer (or drawee) only upon the buyer's acceptance of the attached draft.
DOT : Department of Transportation
Draft (or Bill of exchange) : An unconditional order in writing from one person (the drawer) to another (the drawee), directing the drawee to pay a specified amount to a named drawer at a fixed or determinable future date. See Date draft, Sight draft, Time draft.
Drawback : Articles manufactured or produced in the United States with the use of imported components or raw materials and later exported are entitled to a refund of up to 99 percent of the duty charged on the imported components. The refund of duty is known as a drawback.
Drawee : The individual or firm on whom a draft is drawn and who owes the stated amount. Compare Drawer. Also see Draft.
Drawer : The individual or firm that issues or signs a draft and thus stands to receive payment of the stated amount from the drawee. Compare Drawee. Also see Draft.
Dry Lease : The rental of a "clean" aircraft without crew, ground staff or supporting equipment.
DST : The acronym meaning "double stack train" service, which is the transport rail between two points of a trainload of containers with two containers, one on top of the other, per chassis.
Dumping : Selling merchandise in another country at a price below the price at which the same merchandise is sold in the home market or selling such merchandise below the costs incurred in production and shipment.
Duty : A tax imposed on imports by the customs authority of a country. Duties are generally based on the value of the goods (ad valorem duties), some other factor such as weight or quantity (specific duties), or a combination of value and other factors (compound duties).
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