Glossary of logistcs terms

Since all the terms are used in international business, the glossary is available in English language only.

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Double-Deck Pallet
Flat pallet with a top and bottom deck.  
Down Time
Period of time when a machine is not available for production due to a functional failure or maintenance.  
Draft
Draft of a vessel is the vertical distance between the waterline and the underside of the keel of the vessel. During the construction of a vessel the marks showing the draft are welded on each side of the vessel near the stem, the stern and amidships. Draught
Draft (or Bill of Exchange)
Unconditional order in writing from one person (the drawer) to another (the drawee), directing the drawee to pay a specified amount to a named drawer at a fixed or determinable future date. Date Draft (Bill of Exchange)Sight Draft (Bill of Exchange)Time Draft (Bill of Exchange)
Draught
Draft
Drawback
Repayment of any part of customs or excise duties previously collected on imported goods, when those goods are exported again.  
Drawee
Individual or firm on whom a draft is drawn and who owes the stated amount. DraftDrawee
Drawer
Individual or firm that issues or signs a draft and thus stands to receive payment of the stated amount from the drawee.  
Drayage
1. The hauling of a load by a cart with detachable sides (dray). 2. Road transportation between the nearest railway terminal and the stuffing place. Connecting Road Haulage
Drop-off Charge
Charge made by terminal operators for delivery of a container into depot stock. The drop-off charge may be a combination of actual handling and storage charges with surcharges.  
Dry Bulk Container
Container consisting of a cargo-carrying structure, firmly secured within a framework, for the carriage of dry solids in bulk without packaging. Containers of this type have type codes 80 and 81.  
Dry Cargo Container
Shipping container which is designed for the carriage of goods other than liquids.  
Due Diligence
The care that a prudent person might be expected to exercise in the examination and evaluation of risks affecting a business transaction.  
Dunnage
Stowage material, mainly timber or board, used to prevent damage to cargo during carriage.  
Duress
Pressure that is used to make a company or an individual do something which they do not want to do.  
Duty
1. Ad valorem duty means an assessed amount at a certain percentage rate on the monetary value of an import. 2. Specific duty: an assessment on the weight or quantity of an article without preference to its monetary value or market price. 3. Drawback: a recovery in whole or in part of duty paid on imported merchandise at the time of exportation, in the same or different form. Drawback
Duty Free Zone
Area where goods or cargo can be stored without paying import customs duties awaiting further transport or manufacturing.  
DWT
Deadweight
EAN
European Article Numbering Association
Economic Speed
That speed of a means of transport which produces the best possible financial result for the owner. Such speed should not be in excess of the maximum or minimum output allowed for the engine(s).  
Economy of Scale
Phenomenon which encourages the production of larger volumes of a commodity to reduce its unit cost by distributing fixed costs over a greater quantity.  
ECT
Europe Combined Terminals (Rotterdam).  
EDI
Electronic Data Interchange
EDIFACT
Electronic Data Interchange for Administration, Commerce and Transport
EDP
Electronic Data Processing



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