A
B C
D E
F G
H I
J K
L M
N O
P Q
R S
T U
V W
X Y
Z
|
|
Dd
|
| DAF - Incoterms 2000 |
|
"Delivered at Frontier" means that the seller delivers when the goods are placed at the disposal of the buyer on the arriving means of transport not unloaded, cleared for export, but not cleared for import at the named point and place at the frontier, but before the customs border of the adjoining country. The term "frontier" may be used for any frontier including that of the country of export. Therefore, it is of vital importance that the frontier in question be defined precisely by always naming the point and place in the term.
However, if the parties wish the seller to be responsible for the unloading of the goods from the arriving means of transport and to bear the risks and costs of unloading, this should be made clear by adding explicit wording to this effect in the contract of sale.
This term may be used irrespective of the mode of transport when the goods are to be delivered at a land frontier. When delivery is to take place in the port of destination, on board a vessel or on the quay (wharf), the
DES or DEQ terms should be used. |
| Damages |
|
A loss or harm to a person or their property.
|
| Dangerous Goods |
|
Goods, which are capable of posing a health or safety, risk when transported by air. |
| Date Draft |
|
A draft, which matures a specified number of days after the date it is issued, without regard to the date of acceptance. |
| Dating |
|
Extended credit terms granted by the seller to induce buyers to receive goods in advance of required delivery dates. |
| DDP - Incoterms 2000 |
|
"Delivered duty paid" means that the seller delivers the goods to the buyer, cleared for import, and not unloaded from
any arriving means of transport at the named place of destination. The seller has to bear all the costs and risks involved
in bringing the goods thereto, including, where applicable, any "duty" (which term includes the responsibility for and the
risk of the carrying out of customs formalities and the payment of formalities, customs duties, taxes and other charges) for
import in the country of destination.
Whilst the EXW term represents the minimum obligation for the seller, DDP represents the maximum obligation.
This term should not be used if the seller is unable directly or indirectly to obtain the import license.
However, if the parties wish to excluded from the seller's obligations some of the costs payable upon import of the goods
(such as value-added tax: VAT), this should be made clear by adding explicit wording to this effect in the contract of sale.
If the parties wish the buyer to bear all risks and costs of the import, the DDU term should be used.
This term may be used irrespective of the mode of transport but when delivery is to take place in the port of destination on board the vessel
or on the quay (wharf), the DES or DEQ terms should be used. |
| DDU - Incoterms 2000 |
|
"Delivered duty unpaid" means that the seller delivers the goods to the buyer, not cleared for import, and not unloaded from any arriving
means of transport at the named place of destination. The seller has to bear the costs and risks involved in bringing the goods thereto, other than, where applicable, any "duty"
(which term includes the responsibility for and the risks of the carrying out of customs formalities, and the payment of formalities, customs duties, taxes and other charges)
for import in the country of destination. Such "duty" has to be borne by the buyer as well as any costs and risks caused by his failure to clear the goods for import in time.
However, if the parties wish the seller to carry out customs formalities and bear the costs and risks resulting
there from, as well as some of the costs payable upon import of the goods, this should be made clear by adding explicit wording to this effect in the contract of sale.
This term may be used irrespective of the mode of transport but when delivery is to take place in the port of destination on board the vessel or on the quay (wharf), the DES or DEQ terms should be used. |
| Deadweight |
|
The maximum carrying capacity of a ship. |
| Dealer |
|
An individual or firm who acts as principal in the sale of merchandise. |
| Debt-For-Nature Swap |
|
Swap arranged by private conservation group to use the proceeds of debt conversions to finance conservation projects relating to park land or tropical forests. |
| Debtor Nation |
|
A nation that is owed less foreign currency obligations than it owes other nations. |
| Deck Cargo |
|
Cargo that is shipped on the deck of a vessel rather than in holds below. |
| Declared Value For Carriage |
|
The value of goods declared to the carrier by the shipper for the purposes of determining charges. |
| Declared Value for Customs |
|
The selling price of a shipment or the replacement cost is the goods are not for resale. |
| Deductive Value |
|
A valuation of merchandise that is the resale price of imported merchandise in United States with deductions for certain items. |
| Deferred Air Freight |
|
Air freight with less urgency, delivered over a period of days. |
| Deferred Payment Letter of Credit |
|
A letter of credit that allows the buyer to take possession of goods by agreeing to pay the issuing bank at a fixed future date. |
| Del Credere Risk |
|
Risk that a counter party is either unable or unwilling to fulfill his payment obligations. |
| Delivery |
|
The act of transferring physical possession. |
| Delivery Carrier |
|
The transport carrier whose responsibility it is to place a shipment at the disposal of the buyer. |
| Delivery Instructions |
|
Specific delivery instructions for the freight forwarder or carrier stating exactly where the goods are to be delivered, the deadline, and a contact person should problems arise. |
| Delivery Order |
|
A document from the consignee, shipper, or owner of freight ordering the delivery of freight to another party. |
| Demise |
|
A lease of property; a demise charter is a bareboat charter. |
| Demurrage |
|
The detention of a freight car or ship beyond time permitted for loading or unloading. |
| Department Of Agriculture
(DOA) |
|
An executive department which serves as the principal adviser to the president on agricultural policy. which works to improve and maintain farm income, implement nutrition programs and develop and expand markets abroad for U.S. agricultural products. It is also charged with inspecting and grading food products for safe consumption. |
| Department Of Commerce (DOC) |
|
An executive department which encourages and promotes the United States' economic growth, international trade, and technological advancement. |
| Department Of Defense (DOD) |
|
A civilian executive department providing the military forces needed to deter war and protect the security of the U.S. |
| Department Of Energy (DOE) |
|
An executive department created in 1977 to consolidate all major Federal energy functions into one department. The principal programmatic missions are energy programs, weapons and waste clean-up programs, and science and technology programs. |
| Department Of Labor (DOL) |
|
An executive department which promotes and develops the welfare of U.S. wage earners, improves working conditions, and advances opportunities for profitable employment. The DOL keeps track of changes in employment, prices, and other national economic measures. |
| Department Of State (DOS) |
|
An executive department which directs U.S. foreign relations and negotiates treaties and agreements with foreign nations. Activities of the State Department are coordinated with foreign activities of other U.S. departments and agencies. |
| Department Of the Interior
(DOI) |
|
An executive department that has responsibility for most U.S. federal government owned public lands and natural resources; the principal U.S. conservation agency. The office of Territorial and International Affairs oversees activities pertaining to U.S. territorial lands and the Freely Associated States and coordinates the international affairs of the Department. |
| Department Of The Treasury |
|
An executive department which performs four basic functions: formulating and recommending economic, financial, tax and fiscal policies; serving as financial agent for the U.S. government; enforcing the law; and, manufacturing coins and currency. |
| Department Of Transportation (DOT) |
|
An executive department of the U.S. government which is responsible for the development of national transportation policies. |
| DEQ - Incoterms 2000 |
|
"Delivered Ex Quay" means that the seller delivers when the goods are placed at the disposal of the buyer not cleared for import on the quay (wharf) at the named port of destination. The seller has to bear costs and risks involved in bringing the goods to the named port of destination and discharging the goods on the quay (wharf). The DEQ term requires the buyer to clear the goods for import and to pay for all formalities, duties, taxes and other charges upon import.
THIS IS A REVERSAL FROM PREVIOUS INCOTERMS VERSIONS WHICH REQUIRED THE SELLER TO ARRANGE FOR IMPORT CLEARANCE.
If the parties wish to include in the seller's obligations all or part of the costs payable upon import of the goods, this should be made clear by adding explicit wording to this effect in the contract of sale.
This term can be used only when the goods are to be delivered by sea or inland waterway or multimodal transport on discharging from a vessel onto the (wharf) in the port of destination. However, if the parties wish to include in the seller's obligations the risks and costs of the handling of the goods from the quay to another place (warehouse, terminal, transport station, etc.) in or outside the port, the DDU or DDP term should be used. |
| DES - Incoterms 2000 |
|
"Delivered Ex Ship" means that the seller delivers when the goods are placed at the disposal of the buyer on board the ship not cleared for import at the named port of destination. The seller has to bear all the costs and risks involved in bringing the goods to the named port of destination before discharging. If the parties wish the seller to bear the costs and risks of discharging the goods, then the DEQ term should be used.
This term can be used only when the goods are to be delivered by sea or inland waterway or multimodal transport on a vessel in the port of destination. |
| Destination |
|
The place to which a shipment is consigned. |
| Detention |
|
Delay in clearing goods through customs, usually resulting in storage fees and other charges. |
| Devanning |
|
The unloading of cargo from a container. |
| Developed Countries |
|
A term used to describe more industrialized nations. |
| Developing Countries` |
|
A term used to describe countries that lack strong amounts of industrialization, infrastructure, and sophisticated technology. |
| Differential |
|
An amount added to or deducted from a base shipping rate between two given locations to determine a new rate for another location. |
| Discharge |
|
The unloading of passengers or cargo from a vessel, vehicle, or aircraft. |
| Discounting |
|
The sale at less than original price value of a commodity or monetary instrument, often for immediate payment. |
| Discrimination |
|
The preferential rates or privileges granted to some shippers but not to others under similar conditions. |
| Dispatch |
|
An amount paid by a vessel's operator to a charter if loading or unloading is completed in less time than stipulated in the charter agreement. |
| Distribution License |
|
A license that allows multiple exports of authorized commodities to foreign consignees approved in advance by the U.S. Bureau of Export Administration. |
| Distribution Service |
|
A service that accepts one shipment from a single shipper and at a point of destination, separates the shipment and distributes it to many receivers. |
| Distributor |
|
An agent who sells directly for a supplier and maintains an inventory of the supplier's products. |
| Diversion |
|
Any change in the billing of a shipment once it has been received by the carrier at point of
origin and prior to delivery at destination. |
| Dock |
|
Loading or unloading platform at an industrial location or carrier terminal.
|
| Dock Examination |
|
A U.S. Customs examination that requires be opened for a thorough inspection rather than just a visual one. |
| Dock Receipt |
|
A receipt issued by a port officer that certifies that goods have been received by a shipper. |
| Dolly |
|
A piece of equipment with wheel used to move freight with or without a tractor. |
| Domestic Exports |
|
Exports which were grown, produced, or manufactured in the United States. |
| Domicile |
|
The place where a draft or acceptance is made payable. |
| Door-To-Door |
|
Shipping service from shipper's door to consignee's door. |
| Double-Column Tariff |
|
A tariff schedule with two rates, one for preferred trading partners and one for imports from non-preferred trading countries. |
| Downstream Dumping |
|
The sale of products by a manufacturer below cost to a secondary producer in its domestic market where the product is then further processed and shipped to another country. |
| Drawback |
|
A refund of 99 percent of duties (and taxes) paid on imported merchandise which is immediately exported, subjected to manufacture or production and then
exported, or destroyed in the same condition as it was imported. |
| Drawback System |
|
An ACS module that provides the means for processing and controlling all types of drawback entries.
|
| Dray |
|
A vehicle used to haul cargo or goods. |
| Drayage |
|
The charge made for hauling freight or carts, drays or trucks. |
| Drop Shipment |
|
A shipment of goods from a manufacturer directly to a dealer or consumer, avoiding shipment to the wholesaler. |
| Dropoff |
|
The delivery of a shipment by a shipper to a carrier for transportation. |
| Dropoff Charge |
|
A charge made by a transportation company for
delivery of a container. |
| Dry Cargo |
|
Cargo which does not require temperature controls. |
| Dry-Bulk Container |
|
A container designed to carry any of a number of free flowing dry solids such as grain or sand. |
| Dry-Cargo Container |
|
Any shipping container designed to transport goods other than liquids. |
| Dual Exchange Rate |
|
The existence of two or more exchange rates for a single currency. |
| Dual Pricing |
|
The selling of identical products in different markets for different prices. |
| Dumping |
|
The sale of a commodity in a foreign market at less than fair value, usually considered to be a price lower than that at which it is sold within the exporting country or to third countries. |
| Dunnage |
|
Materials placed around cargo to prevent breakage or movement. |
| Durable Goods |
|
Any product which is not consumed through use. |
| Dutiable List |
|
Items listed in a country's tariff schedule for which it charges import duty. |
| Duty |
|
A tax levied by a government on the import, export, or consumption of goods. |
