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Glossary Term

Damage Protection Plan (DPP)

Damage Protection Plan (DPP) Definition:

A damage Protection Plan is a protection plan or insurance to cover potential damages to cargo or containers in transit. Container leasing companies and the clients who provide this cover pay small daily contributions to receive financial coverage against certain types of damage.

A damage Protection Plan is an insurance plan designed to cover potential container damage during transportation. This protection plan is a risk management plan for container leasing companies. It is aimed at mitigating financial losses caused by unforeseen events that may damage containers or goods being transported. Such eventualities include natural disasters, theft, accidents, and other incidences that may lead to damage or loss.

Container on a trailer.

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ACEP (Approved Continuous Examination Program)  Aggregate Shipment API (Application Programming Interface) Backhaul BAF (Bunker Adjustment Factor) Beneficial Cargo Owner BIC (Bureau International des Containers) Bill of Lading BPD (Barrels Per Day) Cabotage Cabotage Containers Carrier Carrier Owned Container (COC) CBM Chassis Check Digit Clear Height Combo Chassis Compound Annual Growth Rate (CARG) Consignee Consignor Container Freight Station Container Imbalance Container Imbalance Charges Container Inspector Container Logistics Container Terminal Container Yard Cross Docking Damage Protection Plan (DPP) Damage Replacement Value (DRV) Electronic Data Interchange (EDI) Electronic Logging Device (ELD) Fifth Wheel Flat Rack Container Flatbed Garments on Hanger (GOH) Gateway HazMat High cube Container In Bond/A container Ingate Joint Rate Kingpin Known Loss Landed Cost Master Bill of Lading (MBL) MGM Non-Vessel Operating Common Carrier (NVOCC) O/H (Overheight) O/S (Open Sided Shipping Container) Payload