Shipping Glossary
DOPOUT PORT SURCHARGE AT DESTINATIONINATION |
DPSPORT SERV. CHARGE AT DESTINATIONINATION |
DraftThe number of feet that the hull of a ship is beneath the surface of the water. An unconditional order in writing, addressed by one party (drawer) to another party (drawee), requiring the drawee to pay at a fixed or determinable future date, a specified sum in lawful currency to the order of a specified person |
Draft, CleanA draft to which no documents are attached |
Draft, DateA draft that matures on a fixed date, regardless of the time of acceptance |
Draft, DiscountedA time draft under a letter of credit that has been accepted and purchased by a bank at discount |
Draft, SightA draft payable on demand upon presentation |
Draft, TimeA draft that matures at a fixed or determinable time after presentation or acceptance |
DraughtThe distance between the absolutely lowest point of the ship (bottom edge keel) and the actual water line |
Draught MarksA scale on the bow or stern by which the actual draught of a vessel can be read |