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Shipping Glossary
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Shipping Glossary
Derrick1. Cargo boom of a ship. 2. Swivelling jib which is fixed to the end of a mast through a turning knuckle and serves as a loading crane for conventional ships |
DESDelivery Ex Ship |
DES (Delivered Ex Ship)The seller fulfills the obligation to deliver when the goods have been made available to the buyer onboard the ship, uncleared for import at the named port of destination. The seller bears all costs and risks involved in bringing the goods to the named port of destination |
DespatchPremium fixed in the charter contract which is paid by the shipowner to the charterer if the latter realises the complete loading or unloading of the ship before expiry of the agreed deadline for loading or unloading |
Destination Delivery Charge (DDC)A charge based on container size, that is applied in many tariffs to cargo. This charge is considered accessorial and is added to the base ocean freight. It covers crane lifts off the vessel, drayage of the container within the terminal and gate fees at the terminal operation |
Destination(DEST)Area where carrier physically turns over cargo to consignee or agent |
Destuffing1. Destuffing of containers Syn.: Stripping 2. Unpacking/unwrapping a container Syn.: Stripping |
DetentionA penalty charge against shippers or receivers for delaying carrier's equipment beyond allowed time |
DevanningThe removal of freight |
DeviationDeviation from the planned ship's route |
