DDP

Delivered duty paid (named point).


Related Terms

DELIVERED DUTY PAID

DDP - means that the seller ful lls his obligation to deliver when the goods have been made available at the named place in the country of importation. The seller has to bear the risks and costs, including duties, taxes and other charges of delivering the goods thereto, clear for importation. While the EXW term represents the minimum obligation for the seller, DDP represents the maximum.

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.

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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