10 Terms
Home > Industry/Domain > Maritime; Transportation > Ocean shipping
Ocean shipping
Relating to the transportation of goods across an ocean or sea.
Industry: Maritime; Transportation
Add a new termContributors in Ocean shipping
Ocean shipping
drawback
Transportation; Ocean shipping
A partial refund of an import fee. Refund usually results because goods are re–exported from the country that collected the fee.
drawee
Transportation; Ocean shipping
The individual or firm that issues a draft and thus stands to receive payment.
drayage
Transportation; Ocean shipping
Charge made for local hauling by dray or truck. Same as Cartage.
dockage
Transportation; Ocean shipping
Refers to the charge assessed against the vessel for berthing at the facility or for morring to a vessel so berthed.
dock
Transportation; Ocean shipping
For ships, a cargo handling area parallel to the shoreline where a vessel normally ties up. – For land transportation, a loading or unloading platform at an industrial location or carrier terminal.
documents against payment (D/P)
Transportation; Ocean shipping
An indication on a draft that the documents attached are to be released to the drawee only on payment.
documents against acceptance (D/A)
Transportation; Ocean shipping
Instructions given by a shipper to a bank indicating that documents transferring title to goods should be delivered to the buyer only upon the buyer’s acceptance of the attached draft.
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