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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.

Dumping - Dumping occurs when a foreign producer sells a product in the United States at a price that is below that producer's sales price in the country of origin (home market), or at a price that is lower than the cost of production. The difference between the price (or cost) in the foreign market and the price in the U.S. market is called the dumping margin. Unless the conduct falls within the legal definition of dumping as specified in U.S. law, a foreign producer selling imports at prices below those of American products is not necessarily dumping.
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