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Shipping Glossary
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Shipping Glossary
DDP (Delivered Duty Paid)The seller fulfills his obligation to deliver when the goods have been made available at the names place in the country of importation. The seller has to bear the risks and costs, including duties, taxes and other charges of delivering the goods thereto, clear for importation. While the EXW term represents the minimum obligation for the seller, DDP represents the maximum |
DDUDelivered Duty Unpaid |
DDU (Delivered Duty Unpaid)The seller fulfills the obligation to deliver when the goods have been made available at the named place in the country of importation.The seller has to bear the costs and risks involved in bringing the goods thereto (excluding duties, taxes and other official charges payable upon importation) as well as the costs and risks of carrying out customs formalities. The buyer has to pay any additional costs and to bear any risks caused by failure to clear the goods for in time |
DeadheadOne leg of a move with either a bobtail tractor alone or a tractor pulling an empty container |
Deadweight CargoA long ton of cargo that can be stowed in less than 70 cubic feet |
Deadweight Cargo Carrying CapacitySyn.: Deadweight Loading Capacity |
Deadweight Tonnage (D/W)The number of tons of 2,240 lbs that a vessel can transport of cargo, stores and bunker fuel. It is the difference between the number of tons of water a vessel displaces “light” and the number of tons it displaces when submerged to the “load line.” |
Deal SheetForm in which the rate agreed upon with a customer for a certain transaction within a certain period of time is determined |
Deck1. Upper cover and sealing of the ship 2. Term used for the different storeys of the cargo hold and superstructure of a ship |
Deck CargoCargo stowed on deck. According to the Commercial Code cargo must not be stowed on deck without the forwarder's consent except for dangerous goods which must always be stowed on deck. From a legal point of view deck cargo is treated less favourably than hold cargo since no compensation is paid in case of general average. Insurance protection for deck cargo is considerably restricted. Moreover, the carrier has no compulsory liability for deck cargo. In case of container traffic the shipowner has also compulsory liability for containers on deck since they are considered an extension of the hold. Therefore, in the latter case the forwarder's consent to stow them on deck is not required |
