Dealer

An individual or firm who acts as a principal in the sale of merchandise.

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Deck cargo

Goods shipped on the deck of a ship rather than in its holds. Since deck cargo is more exposed to the elements, traders may wish to stipulate that goods not be carried on deck, except in such cases as transport…

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Declared value for carriage

The value of goods declared to the carrier by the shipper for the purposes of determining charges, or of establishing the limit of the carrier´s liability for loss, damage or delay. See valuation charges.

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Default

In international trade, default is failure to meet the legal obligations (or conditions) of a loan. A national sovereign default is the failure or refusal of a government to repay its national debt. Default can be of two types: Debt services default: occurs…

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