Chartering TermsRSS

Chartering Terms

Value of a property at the end of the voyage in which there has been a general loss.

Relating to dry cargo lifted on/off in one piece by cranes or derricks.

Voyage charter party used for shipments of iron ore.

CR

1.Cranes.Current Rate.3.Cargo Ramps4.China Corporation of shiping(Taiwan class society.)

D

Delta. D = signal letter and flag. Morse = ( - . - )Flag= Blue central horizontal stripe with smaller yellow strip above and under.When hoisted singly from a ship it means "I am maneuvering with difficulty. (Similar fog signal.)

DDP

Delivered Duty Paid Delivered duty paid means that the seller delivers the goods to the buyer, cleared for import, and not unloaded from any arriving means of transport at the named place of destination. The seller has to bear all the costs and risks inv ...

DDU

Delivered Duty Unpaid Delivered duty unpaid means that the seller delivers the goods to the buyer, not cleared for import, and not unloaded from any arriving means of transport at the named place of destination. The seller has to bear the costs and risks ...

Amount payable by charterer for failing to load the quantity agreed in the contract of carriage.

Any bulk, bagged or other type of cargo stowed in single hold ships.

Discount of the freight.

Demurrage/Despatch money. Brokerage abbreviation of chartering terms. Amount to be paid if the ship is loading/discharging slower/faster than foreseen. Usually the Despatch money, which is paid by the shipowner, is half the amount of the Demurrage, which ...

See Bareboat Charter.

A fee levied by the shipping company upon the port or supplier for not loading or unloading the vessel by a specified date agreed upon by contract. Usually, assessed upon a daily basis after the deadline.

DEQ

Delivered Ex Quay (Duty Paid) Delivered ex Quay means that the seller delivers when the goods are placed at the disposal of the buyer not cleared for import on the quay (wharf) at the named port of destination. The seller has to bear costs and risks invo ...

DES

(Delivered Ex Ship) (...Named Port of Destination):A Term of Sale where the seller fulfills his/her obligation to deliver when the goods have been made available to the buyer on board the ship, uncleared for import at the named port of destination. The se ...

Discharge

Agreement given by liner conferrence to a shipper, allowing the shipper to use a non-conference shipping line for a particular consignment.

E

Echo- E = signal letter and flag. Morse = ( . )Flag= Blue over red.When hoisted singly from a ship it means "I am altering my course to starboard.

Type of tanker used to carry different types of oil for human consumption.

EXW

Ex Works Ex works means that the seller delivers when he places the goods at the disposal of the buyer at the seller’s premises or another named place (i.e. works, factory, warehouse, etc.) not cleared for export and not loaded on any collecting vehicle. ...