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Shipping Glossary
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Shipping Glossary
Deck CargoCargo stowed on deck. According to the Commercial Code cargo must not be stowed on deck without the forwarder's consent except for dangerous goods which must always be stowed on deck. From a legal point of view deck cargo is treated less favourably than hold cargo since no compensation is paid in case of general average. Insurance protection for deck cargo is considerably restricted. Moreover, the carrier has no compulsory liability for deck cargo. In case of container traffic the shipowner has also compulsory liability for containers on deck since they are considered an extension of the hold. Therefore, in the latter case the forwarder's consent to stow them on deck is not required |
Declared Value for CarriageThe value of the goods, declared by the shipper on a bill of lading for the purpose of determining a freight rate or the limit of the carrier's liability |
Deconsolidation PointPlace where loose or other non-containerized cargo is ungrouped for delivery |
Deep Loading LineMark at the side of a ship indicating how deep the ship can be loaded in a specific seasonal zone |
Defered RebateRebate which a Conference subsequently grants a carrier if he has effected shipment through Conference owners for a certain period (e.g. 6 months); today this rebate usually depends on a definite volume of cargo shipped. Opposite: Contracted rebate |
Deferment WarehouseWarehouse in which goods can be stored following the clearance for free circulation to the effect that the payment of customs charges is deferred for the period of storage. The goods are not bonded in the warehouse but are only placed under customs custody |
Deficit WeightWeight by which a shipment is less than the minimum weight |
DEL1. Delivery/Delivered 2. Delete: Abbreviation from the field of electronic data processing |
DeliveryThe transfer of property/goods from consignor to carrier, one carrier to another, or carrier to consignee |
Delivery BerthCharter clause: Delivery of a ship to a certain berth |
