| LOGISTICS DICTIONARY |
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| [D] Documents Against Acceptance (D/A) 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. Documents Against Payment (D/P) An indication on a draft that the documents attached are to be released to the drawee only on payment. Dolly A set of wheels that support the front of a container; used when the automotive unit is disconnected. Door-to-Door Through transportation of a container and its contents from consignor to consignee. Also known as House to House. Not necessarily a through rate. Draft an unconditional order in writing, addressed by one party (drawer) to Another party (drawee), requiring the drawee to pay at A fixed or determinable future date A specified sum in lawful currency to the order of A specified person. Draft, Bank An order issued by a seller against a purchaser; directs payment, usually through an intermediary bank. Typical bank drafts are negotiable instruments and are similar in many ways to checks on checking accounts in a bank. Draft, Clean A draft to which no documents are attached. Draft, Date A draft that matures on a fixed date, regardless of the time of acceptance. Draft, Discounted A time draft under a letter of credit that has been accepted and purchased by a bank at a discount. Draft, Sight A draft payable on demand upon presentation. Draft, Time A draft that matures at a fixed or determinable time after presentation or acceptance. Drawback A partial refund of an import fee. Refund usually results because goods are re-exported from the country that collected the fee. Drawee The individual or firm that issues a draft and thus stands to receive payment. Drayage Charge made for local hauling by dray or truck. Same as Cartage. DRFS Abbreviation for "Destination Rail Freight Station." Same as CFS at destination, except a DRFS is operated by the rail carrier participating in the shipment. Dry Cargo Cargo that is not liquid and normally does not require temperature control. Dry-Bulk Container A container constructed to carry grain, powder and other free-flowing solids in bulk. Used in conjunction with a tilt chassis or platform. DSU Delay in Startup Insurance is a policy to protect the seller of a construction project from penalties if the project is not completed on time. See "Liquidated Damages." Dumping Attempting to import merchandise into a country at a price less than the fair market value, usually through subsidy by exporting country. |