Glossary of Terms

Glossary of Trade Terms

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D

Date Draft - A draft that matures in a specified number of days after issuance without regard to date of acceptance.
DDC - Destination Delivery Charge.
DDP (Delivered Duty Paid) - Also known as "free domicile" or "free house."
DDU (Delivered Duty Unpaid) - This 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 - Freight charges paid by the charterer of a vessel for the contracted space which is left partially unoccupied.
Deck Cargo - Cargo carried on deck rather than stowed under deck. On-deck carriage is required for certain commodities, such as explosives.
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 - Weight units per unit of volume.
Dim Weight (Dimensional Weight) - An airfreight term used to describe the results of computing the chargeable weight from the cubic measurement of a shipment.
Draft - 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 presentation or on a fixed date.
Drawee - The individual or firm on whom a draft is drawn and who owes the stated amount to the drawer.

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