Daily operating costs. This expression covers the daily running costs of a vessel which can be expressed in a fixed amount per day and which are not conditional upon the quantity of cargo, service speed, etc.
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Maritime Professionals Club
Daily operating costs. This expression covers the daily running costs of a vessel which can be expressed in a fixed amount per day and which are not conditional upon the quantity of cargo, service speed, etc.
Deadweight charters. Bulk carriers are sometimes fixed on the basis of a guaranteed deadweight capacity of cargo at certain lumpsum freight. This method of chartering is followed in trades where charterers wish to have freedom of action as to the type of grain they intend to ship, either heavy grain, light grain or a combination of both kinds.
Dreadage or Dreading clause. Grain is usually carried in. bulk or in bags. In a charterparty for grain cargo, a clause can give the charterer the option to ship general cargo with certain restrictions, such as a minimum quantity, and exclusion of cargoes that may cause damage to any grain loaded.
Dirty. This expression is regulary used in tanker freight market reports and refers to fixtures for “dirty” oils, e.g., fuel oil, lubricating oil and crude oil, in contrast with “clean oils”, e.g., gasoline, diesel oil, etc. A “dirty service” is the tanker transportation of crude oil and residual fuels. A “dirty ship” is a tanker which has been carrying crude and heavy persistent oils such as fuel oil. “Dirty ballast” is ballast that is carried in unwashed cargo oil tanks.
Delegates non potest delegare. This legal phrase, which comes from the Latin language, means that a "delegate cannot delegate".
Date line. When steaming from West to East time is lost for each time zone. Conversely, when proceeding from East to West time is gained.
DDP (delivered duty paid)
DDP DELIVERED DUTY PAID
(... named place of destination)
Dock charter. A "dock" is an area within a port within which cargo can be loaded of discharged. It can be enclosed by "dock walls" or "breakwaters". In relation to chartering, a dock can be a named destination for the ship to be an "arrived ship" and laytime commencing under a voyage charter or hire commencing under a time charter. A dock, as a destination in a dock charter, is less specific than a berth (a place within a dock or port) under a berth charter and more specific than a port in a port charter.
Deck cargoes. Many cargoes can be carried on deck because of their size or weight of individual units. Ondeck cargo is prone to damage and/or loss overboard and the carrier should try to reduce his liability accordingly.
Deductibles. Whilst there is no provision in the standard cargo clauses to apply any form of deductible, there is always a deductible expressed in a hull policy on full conditions.
Dual rate contract. This is one form of a “loyalty contract” by which a shipper obtains an immediate lower freight rate by agreeing to use a particular carrier’s or conference’s services.
DEQ (delivered ex quay ... named port of destination)
DEQ DELIVERED EX QUAY
(... named port of destination)
d.b.e. Despatch payable both ends.
DDU (delivered duty unpaid ... named place of destination)
DDU DELIVERED DUTY UNPAID
(... named place of destination)
Down to her marks. This expression means that the vessel has been loaded to her maximum permissible draught, either winter, summer or tropical loadlines, as the case may be.
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