CUSTOMS BROKER - Licensed by U.S. Customs to clear shipments for clients, also can forward goods “In Bond” to your port.
D/A-DOCUMENTS AGAINST ACCEPTANCE - 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.
D/P-DOCUMENTS AGAINST PAYMENT - 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.
DECK CARGO - Cargo carried outside rather than within the enclosed cargo spaces of a vessel.
DELAY - Even under All Risk coverage, damage due to delay is not recoverable. Most underwriters have inserted a “Delay Clause” 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.
DEMURRAGE - A charge assessed by carriers to users who fail to unload and return equipment promptly.
DOCK RECEIPT - Receipt issued by an ocean carrier or its agent for merchandise delivered at its dock or warehouse awaiting shipment.
DOCUMENTARY CREDIT - A commercial letter of credit providing for payment by a bank to the named beneficiary, usually the seller of merchandise, against delivery of documents specified in the credit.