Comparison of DC Trading Terms for Folding Containers

What is DCSA''s shipping glossary?

Compiled by industry experts, DCSA’s shipping glossary serves as a valuable tool, explaining international container shipping terminology used within the industry, fostering communication, and promoting standardisation among stakeholders.

What is a normal shipping container?

Here we have gathered some commonly used terms. A normal shipping container. A raised container that is approx. 30 cm higher than a normal (DC) container. A container that meets the international measurement standards for shipping. A special container with no walls or roof. A container that has doors at both ends, i.e. a tunnel container.

Who pays for shipping costs under DDP?

Under DDP, the seller pays for all shipping costs, including import customs clearance, import duties & taxes, and any additional charges involved in delivering the goods to the named place of destination. This infographic states each Incoterm and explains obligations and charges that are accepted by the buyer and seller.

What does ''on board'' mean in Incoterms 2020?

In the Incoterms 2020 version a new option is established: in the case of maritime transport, the buyer can give instructions to the shipping company that has hired to issue a Bill of Lading B/L on behalf of the seller the notation “on board”, which indicates that the goods have been loaded on board of the ship.