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D |
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Trade
Terms
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D/A - DOCUMENTS AGAINST ACCEPTANCE
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Instructions from a shipper to his bank that the documents attached
to a time draft for collection are deliverable to the drawee against
his acceptance of the draft.
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D/P
- DOCUMENTS AGAINST PAYMENT
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Instructions
a shipper gives to his bank that the documents attached to a draft
for collection are deliverable to the drawee only against his
payment of the draft.
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| DECK
CARGO |
Cargo
carried outside rather than within the enclosed cargo spaces of a
vessel.
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| DELAY |
Even
under All Risk coverage, damage due to delay is not recoverable.
Most underwriters have inserted a "Delay Cause" in the
Open Cargo Policy, which states specifically that damage caused by
delay is not recoverable even if the delay was due to a peril
insured against.
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| DOCK
RECEIPT |
Receipt
issued by an ocean carrier or its agent for merchandise delivered at
its dock or warehouse awaiting shipment.
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| DOCUMENTARY
CREDIT |
A
commercial letter of credit providing for payment by a bank to the
name beneficiary, usually the seller of merchandise, against
delivery of documents specified in the credit.
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| DOCUMENTS |
Papers
customarily attached to foreign drafts, consisting of ocean bills of
lading, marine insurance certificates, and commercial invoices, and
where required, including certificates of origin and consular
invoices.
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DRAFT
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Buyer's
payment for goods.
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| DUTY |
(a)
ad valorem duty means an assessed amount at a certain percentage
rate on the monetary value of an import. (b) Specific duty: an
assessment on the weight or quantity of an article without
preference to its monetary value or market price. (c) Drawback: a
recovery in whole or in part of duty paid on imported merchandise at
the time of exportation, in the same or different form.
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