Date for Filing ReturnThe date for filing the return of the tax imposed by this section for any calendar quarter shall be the last day of the first month following such quarter.
Deep-Draft Ocean-going Vessels(Explanation below is from Treasury Regulations §48.4042-3) In general: Under section 4042(c)(1), there is no tax imposed by section 4042(a) if: the…
DemurrageA penalty charge against shippers for delaying a shipment/container at port of loading or destination beyond the allowed free time.
Dock ReceiptA form used to acknowledge receipt of cargo and often serves as basis for preparation of the ocean bill of lading.
Double LockageWhen a towboat with barges must breakup the tow, and push half of the tow into the lock chamber, lock that part through and then enter the remaining…
DownboundTraffic that moves in a downstream direction. For waterways without a characteristic monodirectional flow, “downbound” means in a southerly or…
DraftA signed, written order by which one party (the drawer) instructs another party (the drawee) to pay a specified sum to a third party (the payee), at sight…
Dry DockA large platform capable of lifting a vessel out of the water for repairs and maintenance.