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A term from Latin meaning, 'according to value.' Import duty applied as a percentage of the cargo's dutiable value.

Related Terms

DOGWATCH

A short, evening period of watch duty on a ship

DETERGENT OIL

A heavy duty oil containing a detergent additive. These oils are mainly used in combustion engines.

DDP

Delivered duty paid (named point).

BINNACLE LIST

A ship's sick list. The list of men unable to report for duty was given to the officer or mate of the watch by the ship's surgeon. The list was kept at the binnacle.

SHORE LEAVE

A free time given to officers and crew of a naval vessel when they are off duty and allowed to disembark and spend time on land.

DECKHAND

A seaman who works on the deck of a ship and remains in the wheelhouse attending to the orders of the duty officers during navigation and manoeuvring.

BONDED WAREHOUSE

An area of security approved by custom authorities for the safekeeping or deposit of goods liable for excise duty but not yet subject to that duty.

LOOKOUT

A member of the crew stationed on the forecastle, bridge, or in the case of sailing vessels, the crow's nest at the top of one of the main masts. His duty it is to watch for any dangerous objects or for any other vessels approaching .

DUTY

A government tax on imported merchandise

CUSTOMS

A duty or tax on imported goods. The U.S. Customs Department also works to prevent the importation of illegal drugs and contraband.

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