District Office
Dynamic Random Access Memory
Delivery, Delivered
Documents against acceptance
Day Book, Deals and battens (timber trade)
Abbreviation for Doing Business As. A legal term for conducting business under a registered name.
Damage done
Damage done in collision
Direct data entry
Direction finder
Department of Transportation.
Damaged received in collision
Days to be agreed, date to be advised
Department of Trade and Industry
The maximum carrying capacity of a ship expressed in tons of cargo, stores, provisions, and bunker fuel.
Deadweight all told
Cargo of such weight and volume that a long ton (2,240 lbs) is stowed in an area of less than 70 cubic feet.
Deposit account, Days after acceptance, Documents against acceptance, Discharge afloat, Deductible average
Deviation clause
Demand Draft, Delivered at Docks, Damage Done
Deemed/Earned
Debit note
Documents against payment
Deposit receipt
Dunnage, removal and disposal
Dual Valuation
Dock warrant
Days after date, Days' date
Days after sight
Development Assistance
Discharge always afloat
Development Assistance Committee
Data on Consulting Firms
Dynamic Asian Economies
Delivered at frontier
A Term of Sale which means the sellers fulfill their obligation to deliver when the goods have been made available, cleared for export, at the named point and placed at the frontier, but before the customs Terms of Sale border of the adjoining country. (continued)
Damages for Detention
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.
Articles or substances capable of posing a significant risk to health, safety or property and that ordinarily require special attention when being transported.
Danish International Development Assistance
Diamonium Phosphate
Days all Purposes (Total days for loading & discharging)
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.
Double bottom
Deals, battens and boards
Despatch payable both ends
Despatch (payable) both ends, all time saved
Despatch (payable) both ends, working time saved
Development Bank of the Great Lakes States
Double
DouBLe SKINned
Double Bottom Tank
Discharge Capacity
Deputy Chief of Mission
Defense Conversion Subcommittee
Dry docking, Dry Dock, Daily discharge;
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.
Despatch discharging only
(Delivered Duty paid) Delivered Duty Paid means that the seller fulfills his 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 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
Delivered Duty Paid (Unpaid)
(Delivered Duty Unpaid) A Term of Sale where the seller fulfills his 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.
Freight charges paid by the charterer of a vessel for the contracted space that is left partially unoccupied.
Percentage of a ship's carrying capacity that is not utilized.
District Export Council
Cargo carried on deck rather than stowed under deck. On-deck carriage is required for certain commodities, such as explosives.
The officers and seamen comprising the deck department aboard ship. Also called deck crew, deck department, or just deck.
Small superstructure on the top deck of a vessel that contains the helm and other navigational instruments.
Also called Captain's Log. A full nautical record of a ship's voyage, written up at the end of each watch by the deck officer on watch. The principal entries are: courses steered; distance run; compass variations, sea and weather conditions; ship's position, principal headlands passed; names of lookouts, and any unusual position, principal headlands passed; names of lookouts, and any unusual happenings such as fire, collision, and the like..
As distinguished from engineer officer, refers to all officers who assist the master in navigating the vessel when at sea, and supervise the handling of cargo when in port.
Seaman who works on the deck of a ship and remains in the wheelhouse attending to the orders of the duty officers during navigation and maneuvering. He also comes under the direct orders of the bosun.
One that exclusively carries intermodal equipment (containers and trailers)
The traffic routes of both cargo and passenger vessels which are regularly engaged on the high seas or on long voyages.
Any bulk, bagged or other type of cargo stowed in single hold ships.
Definitely
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 six 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 that 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.
Deutsche Finanzierungsgesellschaft fur Beteilgungen in, Entwicklungslndern GmbH
Dairy Export Incentive Program
Delivery;Delete
Delivery
Demurrage (Quay Rent)
Demurrage and dispatch
Demurrage/Despatch money. (Under vessel chartering terms, the amount to be paid if the ship is loading/discharging slower/faster than foreseen).
Delivered ex-quay
A Term of Sale which means the DDU term has been fulfilled when the goods have been available to the buyer on the quay (wharf) at the named port of destination, cleared for importation. The seller has to bear all risks and costs including duties, taxes and other charges of delivering the goods thereto
Derrick
Delivered ex-ship; Despatch
A Term of Sale where the seller fulfills his/her obligation to deliver when the goods have been made available to the buyer on board the ship, uncleared 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 destination
Dispatch
Detention
(See DAMFORDET)
Details
Vessel departure from specified voyage course
Designated Federal Officer
DamageFree Car. Boxcars equipped with special bracing material.
Development Fund for Africa
Demurrage, free dispatch
Draft
Double hull
Demurrage, half dispatch; Despatch money payable at half demurrage rate
Dispatch Half Demurrage on All Time Saved Both Ends
Demurrage Half Dispatch on All Time Saved Both Ends
Demurrage Half Dispatch on Laytime Saved Both Ends
Dispatch Half Demurrage on Working Time Saved Both Ends
Demurrage Half Dispatch on Working TIme Saved Both Ends
Dimension
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.
Dimension(s)
Crude black oil
Danish International Ship Register
When a ship is unable to sail efficiently or in a seaworthy state as a result of engine trouble, lack of officers or crew, damage to the hull or ship's gear.
Domestic International Sales Corporation
Discharge
An essential document for officers and seamen as it serves an official certificate confirming sea experience in the employment for which he was engaged.
Data interchange in Shipping
Displacement
Discharge port
Deck
Deck
Distribution License
Dropping last outward pilot
Dropping last outward sea pilot
Delete
Daily
District Marketing Plan
Discountless and Non-Returnable Cargo and/or Ship Lost or Not Lost. (ie for the payment of voyage freight in the charter party)
Discountless and Non-Returnable Ship and/or Cargo Lost or Not Lost
Det Norske Veritas
Delivery Order; Diesel oil
Document of Compliance
Dropping outward harbor pilot
Dropping Off Last Sea Pilot (Norway)
Movement of domestic freight in ocean containers, (to assist in repositioning of those containers) or in dedicated domestic containers
Domestic shipping routes serving Alaska and non-continental U.S. States and territories.
Dropping outward pilot
Dropping outward sea pilot
Department of Transportation
The movement of containers on specialized articulated rail cars that enable the vertical stacking of the containers on each platform of the car
Dynamic Positioning
Designated person ashore (ISM)
Defense Priorities and Allocation System
Discharge port disbursements
Division of Parks and Outdoor Recreation (ADNR)
Dirty petroleum products
Depth
Derrick
(1) 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 on a fixed date. Also known as a Bill of Exchange. (2)The depth of a ship in the water. The vertical distance between the waterline and the keel, in the U.S. expressed in feet, elsewhere in meters.
Discharge rate
Depth of water from waterline to lowest point of vessel's hull
Daily running cost
Direction des Relations Economiques Exterieures
Abbreviation for Destination Rail Freight Station. Same as CFS at destination, except a DRFS is operated by the rail carrier participating in the shipment.
Draft (also spelt, draught)
Direct reduced iron
Regular ship shaped vessel, production ship. Positioned by anchors or dynamic positioning. Has its own propulsion machinery.
Derrick
Derrick(s)
Hellenic Drachma (currency)
Vessel which carriers all merchandise, excluding liquid in bulk.
An enclosed basin into which a ship is taken for underwater cleaning and repairing. It is fitted with water tight entrance gates which when closed permit the dock to be pumped dry.
Double Side
Digital Selective Calling
Deutche-Schiffs-Revision Und-Klassifkation
The transport by rail between two points of a trainload of containers with two containers per chassis, one on top of the other.
Delay in Startup Insurance is a policy to protect the seller of a construction project from penalties if the project is not completed on time. See Liquidated Damages.
Diving System
Deep Tank
Defense Trade Advisory Group
Department of Trade and Industry
Details
Defense Trade Regulations
Defense Technology Security Administration
Defense Trade Working Group
Specially constructed ship able to carry different types of cargoes such as ore and/or oil.
Duration
Delivery Verification Certificate
Dock water allowance
DeadWeight All Told or DeadWeight Tonnage of a vessel. Weight of cargo, stores and water, i.e. the difference between lightship and loaded displacement
Deadweight cargo capacity
Deadweight cargo tons
Decline without counter
DeadWeight All Told or DeadWeight Tonnage of a vessel. Weight of cargo, stores and water, i.e. the difference between lightship and loaded displacement
Dynamic Positioning
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
Penalty if cargo is not ready when
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
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.
A draft which matures a specified number of days after the date it is issued, without regard to the date of acceptance.
Drawback
Whereby a vessel discharges a quantity of slops to a dedicated slop receiving vessel within Port Limits or at a safe anchorage.
One leg of a move without a paying cargo load. Usually refers to repositioning an empty piece of equipment.
The number of tons of 2,240 pounds 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.
A long ton of cargo that can be stowed in less than 40 cubic feet.
See: Swaps.
A non propelled pontoon for the carriage of general deck cargoes
A non propelled semi submersible pontoon for the carriage of general deck cargoes
A vessel arranged for carrying unitised cargo on deck only. Access may be by use of a ro-ro ramp
The U.S. Customs Service defines this term as a statement by the shipper in the foreign country attesting to certain facts. For example, articles shipped from the United States to an insular possession and then returned must be accompanied by a declaration by the shipper in the insular possession, indicating that, to the best of his or her knowledge, the articles were exported directly from the United States to the insular possession and remained there until the moment of their return to the United States. (see 19 CFR 4.60 and 4.61 on U.S. clearance of vessels bound for a foreign port or ports.)
Place where loose or other non-containerized cargo is ungrouped for delivery.
Deductible
Deferred account
Defense conversion, as applicable to conversion of U.S. defense activity, is the transfer of defense production capabilities to non-defense production, either non-defense industrial products (e.g., pumps and valves) or consumer goods. The Russians, according to their Defense Conversion Law, have a broader definition, which includes the possiblity of a plant maintaining its defense production while expanding its non-defense production for other purposes, including the generation of hard-currency exports
The DCS promotes trade between U.S. industry and the Russian defense sector by identifing investment opportunities, supporting changes in U.S. government export control and other policies which limit opportunities for U.S. industry to participate in Russian defense conversion activities, and identifying prospective business contacts for U.S. industry. Subcommittee membership includes the Departments of Commerce, Defense, Energy, Labor, and State, the Agency for International Development, the Export-Import Bank, and the Overseas Private Investment Corporation. DCS is a subcommittee of the Intergovernmental U.S.-Russia Business Development Committee which was established in June 1992
Defense MOUs are defense cooperation agreements. The MOUs are signed by DOD with allied nations and are related to research, development, or production of defense equipment or reciprocal procurement of defense items. See: Coproduction.
The goals of the DPAS are to: (a) assure the timely availability of industrial resources to meet current national defense requirements and (b) provide a framework for rapid industrial expansion in case of a national emergency. The authority for DPAS, which is administered by the Commerce Department's Bureau of Export Administration, extends from Title I of the Defense Production Act of 1950, as amended (DPA). While the DPAS is designed to be largely self-executing, Special Priorities Assistance (SPA) may be provided, including: (a) timely delivery of items needed to fill priority rated defense contracts, (b) granting priority rating authority, and (c) resolving production and delivery conflicts between rated defense contracts. See: Defense Production Act.
Under authority of the Defense Production Act (DPA) of 1950 and related executive Order 12656, the Commerce Department is charged with identifying critical defense-related industries, assessing their capability to meet peacetime and national security needs, identifying current and potential production constraints, and proposing remedial actions as appropriate. Title I of the DPA requires that: (a) contracts or orders relating to certain approved defense and energy programs be accepted and performed on a preferential basis over all other contracts and orders and (b) materials, facilities, and services be allocated in such a manner as to promote approved programs. See: Defense Priorities and Allocation System.
DTSA is the DOD organization that reviews applications for the export of items that are subject to the dual-use license controls of the Commerce Department and the munitions controls of the Department of State. DTSA has about 130-to-140 staff, is located in the Office of the Secretary, and administers DOD technology security policy so that the U.S. is not technologically surprised on the battlefield. DTSA reviews applications involving dual-use items for reasons of national security, proliferation cases and munitions controls. See: Foreign Disclosure and Technical Information System
In March 1992, the Department of State established the Defense Trade Advisory Group to provide consultation and coordination with U.S. defense exporters. DTAG members are drawn from the U.S. defense industry, associations, academia, and foundations, and include technical and military experts, and the State Department and observers from other government agencies. Members of the Committee are appointed by the Assistant Secretary of State for Politico-Military Affairs. DTAG has three main working groups: - Policy Working Group (PWG): which provides advice on broad issues of defense trade, technology transfer and commercial arms sales in an effort to aid State in regulating commercial munitions exports. - Regulatory Working Group (RWG): which provides advice on possible changes and improvements to regulations and procedures related to defense exports of munitions articles, technical data and software related to defense articles. - Technical Working Group (TWG): which provides on technical issues related to the U.S. Munitions List
DTC (formerly: the Office of Munitions Control, OMC) at State administers licenses for the export of defense articles and services including arms, ammunition, and implements of war. These items are listed in the International Traffic in Arms Regulations (ITAR) and the U.S. Munitions List. DTC is involved in the commodity jurisdiction (CJ) process. The CJ process is used to determine whether a particular item should be transferred to another control list (primarily, whether an item may be subject to the ITAR or considered either dual-use and subject to the Commodity Control List). See: International Traffic in Arms Regulations
The Defense Trade Regulations (formerly known as the International Traffic in Arms Regulations, ITAR) are administered by the State Department to control the export of weapons and munitions.
The Defense Trade Working Group (DTWG), consisting of officials from Commerce, Defense, State and USTR, was established in FY 1990 to coordinate agency policies and resources in areas concerned with defense expenditures. The group works with industry to identify ways to target industry needs and increase the success of industry export efforts by minimizing government impediments, streamlining procedures, and improve the availability of market information. The DTWG includes three subgroups: - The Defense Exports Working Group, chaired by Commerce, which helps implement Administration defense export policy and enhances U.S. government support for U.S. defense exporters; - The European Defense Cooperation Group, chaired by State, which coordinates interagency input to U.S.-NATO International Staff for the NATO Council on National Armaments Directors (CNAD) study on defense trade; and - The Technology Transfer and Third Party Reexport Group, chaired by Defense, which works with industry to define a more proactive technology transfer regime that could be implemented within the limits of U.S. national security and industrial competitiveness interests
A letter of credit issued for the purchase and financing of merchandise, similar to acceptance-type letter of credit, except that it requires presentation of sight drafts payable on an installment basis.
The weight by which a shipment is less than the minimum weight.
See: Trade and Development Agency.
A naval vessel that can neutralise the magnetic field of a vessel. Used in magnetic mine detection
Delivered at Frontier means that the seller's obligations are fulfilled when the goods have arrived at the frontier -- but before the customs border of the country named in the sales contract. The term is primarily intended to apply to goods by rail or road but is also used irrespective of the mode of transport.
While the term Ex Works signifies the seller's minimum obligation, the term Delivered Duty Paid, when followed by words naming the buyer's premises, denotes the other extreme -- the seller's maximum obligation. The term Delivered Duty Paid may be used irrespective of the mode of transport. If the parties wish that the seller should clear the goods for import but that some of the cost payable upon the import of the goods should be excluded -- such as value added tax (VAT) and/or other similar taxes -- this should be made clear by adding words to this effect (e.g., exclusive of VAT and/or taxes).
Order to pick up goods at a named place and deliver them to a pier. Usually issued by exporter to trucker but may apply to a railroad, which completes delivery by land. Use is limited to a few major U.S. ports. Also known as shipping delivery order. Provides specific information to the inland carrier concerning the arrangement made by the forwarder to deliver the merchandise to the particular pier or steamship line. Not to be confused with Delivery Order which is used for import cargo.
The U.S. Customs Service defines a DVC as a form used to track imported merchandise from the custody of the importer to the custody of a manufacturer and is used to substantiate a manufacturing drawback claim. The DVC is also known as a Certificate of Delivery (Customs Form 331). An export license may be issued with a requirement for delivery verification by Customs in the receiving country. When delivery verification is required by a foreign government for goods imported into the U.S., the U.S. Customs Service will certify a delivery verification certificate (Form ITA-647). A U.S. export license may require submission of a similar form from an importing country
Official discussion with another government carried out on instructions.
A penalty charge against shippers or consignees for delaying the carrier's equipment beyond the allowed free time. The free time and demurrage charges are set forth in the charter party or freight tariff. - Excess time taken for loading or unloading a vessel, thus causing delay of scheduled departure. Demurrage refers only to situations in which the charter or shipper, rather than the vessel's operator, is at fault
The weight of cargo per cubic foot or other unit.
See: British Overseas Trade Board.
This refers to antidumping duties which must be deposited upon entry of merchandise which is the subject of an antidumping duty order for each manufacturer, producer or exporter equal to the amount by which the foreign market value exceeds the United States price of the merchandise. See: Tariff Act of 1930.
Container freight station or a designated area where empty containers can be picked up or dropped off.
The depth to which a ship is immersed in water.
Derivatives are leveraged instruments that are linked to either specific financial instruments or indicators (such as foreign currencies, government bonds, share price indices, or interest rates) or to particular commodities (such as gold, sugar, or coffee) that may be purchased or sold at a future date. Derivatives may also be linked to a future exchange, according to contractual arrangement, of one asset for another. The instrument, which is a contract, may be tradable and have a market value. Among derivative instruments are options (on currencies, interest rates, commodities, or indices), traded financial futures, warranties, and arrangements such as currency and interest rate swaps
A non propelled pontoon for the provision of desalination facilities
An incentive payment paid to a carrier to loading and unloading the cargo faster than agreed. Usually negotiated only in charter parties, An agreed upon amount of money that is paid by the shipowner to the shipper or receiver, when loading or discharging is performed faster than the allotted time.
- The place to which a shipment is consigned. - The place where carrier actually turns over cargo to consignee or his agent
Exporters are required to place destination control statements on commercial invoices and bills of lading for most export sales. These statements alert foreign recipients of goods and documents that diversion contrary to U.S. law is prohibited. Destination control statements are discussed in the Code of Federal Regulations (15 CFR 786.5 and 786.6).
A combat vessel, which is small, fast, highly manoeuverable. Armed with guns, torpedoes, depth charges, and guided missiles
Detained
A penalty charge against shippers or consignees for delaying carrier's equipment beyond allowed time. Demurrage applies to cargo; detention applies to equipment. See Per Diem.
The unloading of a container or cargo van.
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.
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.
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.
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.
Draft
An amount added or deducted from base rate to make a rate to or from some other point or via another route.
Sale by an exporter directly to a buyer located in a foreign country.
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
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.
Dirty float refers to a system in which the float of exchange rates is partially determined by government intervention or restrictions to limit appreciation or depreciation; sometimes known as managed float. See: Clean Float
Discount
Disbursements
An informal meeting at which ITA discloses to parties to the proceeding the methodology used in determining the results of an antidumping investigation or administrative review. A disclosure meeting is generally held promptly after the preliminary or final determinations of an investigation or promptly after the preliminary or final results of a review. See: Tariff Act of 1930
When documents presented do not conform to the requirements of the letter of credit (L/C), it is referred to as a discrepancy. Banks will not process L/C's which have discrepancies. They will refer the situation back to the buyer and/or seller and await further instructions
A determination made by the Commerce Department's International Trade Administration that the petition does not properly allege the basis on which antidumping duties may be imposed, does not contain information deemed reasonably available to the petitioner supporting the allegations, or is not filed by an appropriate interested party. This dismissal causes termination of the proceeding. See: Tariff Act of 1930.
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
Displacement
The weight, in tons of 2,240 pounds, of the vessel and its contents. Calculated by dividing the volume of water displaced in cubic feet by 35, the average density of sea water
Company that control the commercial operation of a vessel under a bareboat or Time charter party. The person who by reason of a contract or charter party assumes responsibility for a vessel as if he were the owner.
This refers to the resolution of opposing aims often facilitated through the efforts of an intermediary. In the GATT context, dispute settlement provides opportunities for individual contracting parties to resolve trade problems through negotiated means or with the help Applicants and consignees must establish Internal Control Programs to ensure the proper distribution of items under the DL. Each program must include comprehensive procedures for ensuring that the items exported will be used only for legitmate end-uses.
A foreign agent who sells directly for a manufacturer and maintains an inventory on hand.
DECs serve as a voluntary auxiliary of US district offices to support export expansion activities. There are 51 DECs with 1500 members which help with workshops and also provide counseling to less experienced exporters.
A change made either in the route of a shipment in transit (see Reconsignment) or of the entire ship.
This occurs when foreign producers sell to a third country market at less than fair value and the product is then further processed and shipped to another country.
A semi submersible diving support platform
A vessel primarily equipped with decompression chambers for air dive operation. Does not include vessels which can only operate submersibles
A naval auxiliary vessel designed and fitted with equipment to support diver operations. May have cranes for construction/maintenance work.
Carriers' practice of dividing revenue received from through rates where joint hauls are involved. This is usually according to agreed formulae
- For ships, a cargo handling area parallel to the shoreline where a vessel normally ties up. - For land transportation, a loading or unloading platform at an industrial location or carrier terminal.
A dock gate
A dock receipt is used to transfer accountability when the export item is moved by the domestic carrier to the port of embarkation and left with the international carrier for export. A receipt given for a shipment received or delivered at a shipment pier. When delivery of a foreign shipment is completed, the dock receipt is surrendered to the vessel operator or his agent and serves as basis for preparation of the Ocean Bill of Lading.
Present a rate proposal to a conference meeting for adoption as a conference group rate.
Documents Against Payment - Stipulate that the exporter ships goods to the importer without a letter of credit or another form of guaranteed payment. The importer must sign a sight draft before receiving the necessary documents to pick up the goods. Documents Against Acceptance (D/A) are instructions given by a shipper to a bank stating that the documents transferring title to goods should be delivered to the buyer only upon the signing of a time draft. In this manner an exporter extends credit to the importer and agrees to accept payment at a readily determined future date. See: Draft Bill of Exchange.
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 (signature on) of the attached draft
Instructions given by a shipper to a bank indicating that documents transferring title to goods should be delivered to the buyer only upon the buyer's acceptance of the attached draft.
A type of payment for goods in which the documents transferring title to the goods are not given to the buyer until he has paid the value of a draft issued against him.
A set of wheels that support the front of a container; used when the automotive unit is disconnected.
Non-negotiable B/L primarily containing routing details; usually used by truckers and freight forwarders
Exports of domestic merchandise include commodities which are grown, produced, or manufactured in the United States, and commodities of foreign origin which have been substantially changed in the United States, including U.S. Foreign Trade Zones, from the form in which they were imported, or which have been enhanced in value by further manufacture in the United States
The predecessor of the Foreign Sales Corporation which took on a new definition as a result of the 1984 Tax Reform Act. DISCs can now provide a tax deferral on up to $10 million of exports so long as the funds remain in export-related investments.
The place where a draft or acceptance is made payable
Through transportation of a container and its contents from consignor to consignee. Also known as House to House. Not necessarily a through rate.
This occurs when foreign producers sell at below cost to a producer in its domestic market, and the product is then further processed and shipped to another country.
Debit. Debtor. Drawer
A written, unconditional order for payment from one person (the drawer) to another (the drawee). It directs the drawee to pay a specified sum of money, in a given currency, at a specific date to the drawer. A Sight Draft calls for immediate payment (on sight) while a Time Draft calls for payments at a readily determined future date.
An order issued by a seller against a purchaser; directs payment, usually through an intermediary bank. Typical bank drafts are negotiable instruments and are similar in many ways to checks on checking accounts in a bank
A draft to which no documents are attached.
A draft that matures on a fixed date, regardless of the time of acceptance.
A time draft under a letter of credit that has been accepted and purchased by a bank at a discount.
A draft payable on demand upon presentation.
A draft that matures at a fixed or determinable time after presentation or acceptance.
A partial refund of duties paid on importation of goods which are further processed and then re-exported, or exported in same condition as imported.
The Drawback System, a part of Customs' Automated Commercial System, provides the means for processing and tracking of drawback claims.
The individual or firm on whom a draft is drawn and who owes the indicated amount.
The individual or firm that issues or signs a draft and thus stands to receive payment of the indicated amount from the drawee.
Charge made for local hauling by dray or truck. Same as Cartage
A vessel equipped to obtain material from the sea bed by an unspecified means. The material may be carried on board, transferred to other vessels, pumped ashore or deposited elsewhere using a spray
A non propelled pontoon with an unknown dredging mechanism
A vessel designed for dredging operations. Not designed for operation in open sea
A jack up offshore drilling rig
A semi submersible offshore drilling rig.
A vessel primarily equipped for offshore drilling operations. May also be able to obtain cores for research purposes
Cargo that is not liquid and normally does not require temperature control
A container constructed to carry grain, powder and other free-flowing solids in bulk. Used in conjunction with a tilt chassis or platform.
The selling of identical products in different markets for different prices. This often reflects dumping practices.
Dumping is generally seen as an unfair trading practice. It occurs when a good is sold for less than its fair value, generally meaning it is exported for less than it is sold in the domestic market or third country markets, or it is sold for less than production cost. Article VI of the GATT permits the imposition of special anti-dumping duties against dumped goods, equal to the difference between their export price and their ''fair value'' in the export market, if dumping causes injury in the importing country.The sale of a commodity in a foreign market at less than fair value. Dumping is generally recognized as unfair because the practice can disrupt markets and injure producers of competitive products in an importing country. Article VI of the GATT permits imposition of antidumping duties equal to the difference between the price sought in the importing country and the normal value of the product in the exporting country. With price-to-price dumping, the foreign producer can use its sales in the high-priced market (usually the home market) to subsidize its sales in the low-priced export market. The price difference is often due to protection in the high-priced market. Price-cost dumping indicates that the foreign supplier has a special advantage. Sustained sales below cost are normally possible only if the sales are somehow subsidized
The amount by which the imported merchandise is sold in the United States below the home market or third country price or the constructed value (that is, at less than its fair value). For example, if the U.S. purchase price is $200 and the fair value is $220, the dumping margin is $20. This margin is expressed as a percentage of the United States price. In this example, the margin is 10 percent. See: Tariff Act of 1930
Protection from damage, for ventilation and, in the case of certain cargoes, to provide space in which the types of a fork lift truck may be inserted.
Another original Bill of Lading set if first set is lost. also known as reissued B/L.
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 factors such as weight or quantity (specific duties), or a combination of value and other factors (compound duties).
Delivery
The DAEs is a collective reference, currently comprising six Asian countries: Hong Kong, Korea, Malaysia, Singapore, Taiwan, and Thailand.