Glossary Of International Shipping Terms: C
C & F
Cost and Freight. It is a term of trading in which the buyer of the goods pays an amount which covers the cost of the goods plus the cost of transporting the goods from origin to the port of discharge or final destination.
CAF
Currency Adjustment Factor. An ancillary charge on ocean freight to compensate for exchange rate fluctuations.
CBM (CM)
Cubic metre.
CCA
Connecting Carrier Agreement. An Agreement of freight rates for connections between feeder ports and the ports of call of vessels.
CCRA (Canada Customs and Revenue Agency)
Canadian Government Customs Authority.
CFR
A pricing term indication that the cost of the goods and freight charges are included in the quoted price.
CFS
Container Freight Station. A carrier facility where Less Than Container load shipments are consolidated or unloaded.
CIF
Cost, Insurance and Freight. A term of trading in which the buyer of the goods pay for the cost of the goods, the cost of transporting the goods from origin to the port of discharge or final destination and the insurance premium for a maritime insurance policy for the value of the order.
CKD
Abbreviation for “ Cars Knocked Down “. Automobile parts and subassemblies manufactured abroad and transported to a designated assembly plant.
COD
Collect (cash) on Delivery; Carried on Docket (pricing); Change of Destination.
CSA (Customs Self Assessment)
A joint Canada/US border initiative aimed at speeding up the customs process on low-risk shipments.
C-TPAT (Customs-Trade Partnership Against Terrorism)
A joint government and trade community initiative in developing, enhancing and maintaining effective security processes throughout the global supply chain.
Cargo Manifest
A manifest that lists only cargoes, without freight and charges.
Carrier
Any individual, company or corporation engaged in transporting cargoes.
Carriers Owned Containers (COC)
The containers used for the transportation of cargoes belonging to the property of the carriers.
Cells
The construction system employed in container vessels which permits containers to be stowed in a vertical line with each container supporting the one above it inside the cargo hold.
Cellular Vessel
A vessel designed with internal ribbing to permit the support of stacked containers.
Certificate of Origin
Document certifying the country of origin of goods which is normally issued or signed by a the relevant Government Department of the exporting country, or Chamber of Commerce or Embassy.
CFS/CFS
A kind of cargo movement by container. Delivered loose at origin point with vanning by carrier, devanned by carrier at destination, and picked up loose at destination.
Chassis
A wheeled flat-bed constructed to accommodate containers moved over the road. Also termed as “Trailers”.
Closing
The published deadline for export cargoes or containers to be accepted for a sailing of the carrier. CY Closing is applicable to FCLs and CFS Closing is applicable to LCLs. Normally, CFS Closing is around 24 hours ahead of CY Closing, depending of the complexities of export customs clearance formalities at the country. See “ Late-Come “ .
Consolidated Cargo
Cargo containing shipments of two or more shippers, usually shipped by a firm called a consolidator. The consolidator takes advantage of lower FCL rates, and savings are passed on to shippers.
Consolidation
The combination of many small shipments into one container.
Consolidator
A person or firm performing a consolidation service of small lots of cargoes for shippers.
Consortium
A group of carriers pooling resources, normally container vessels, in a trade lane to maximize their resources efficiently.
Container
A van-type body that can be relatively easily interchanged between trucks, trains and ships
Container Freight Station (CFS or C.F.S.)
Consolidation depots where parcels of cargo are grouped and loaded into containers. Alternatively, inbound cargoes in a container are devanned for deliveries to consignees as LCLs.
Container Gross Weight
Refer to “Gross Weight”.
Container Load Plan (CLP)
A document prepared to show all details of cargoes loaded in a container, e.g. weight (individual and total), measurement, markings, shippers, consignees, the origin and destination of goods, and location of cargo within the container. A Container Load Plan is either prepared by the cargo consolidator or the shipper which ships its cargoes on FCL terms.
Container Number
The unique identification of a container.
Container Seal Number
A number embossed on high-security seals for closing up containers which will serve identification purposes.
Container Size
The length of a container i.e. 20', 40' and 45' (feet).
Containership
An ocean vessel specifically designed to carry ocean cargo containers. It is fitted with vertical cells for maximum capacity.
Container Terminal
A facility which allows container vessels to berth alongside for the operations of loading and unloading of containers. Shippers deliver their export containers to the Container Terminal awaiting for loading onto container vessels whilst consignees at ports take delivery of containers from the Container Terminal after they are unloaded from the container vessels.
Container Type
Containers are classified under different types, e.g., dry cargo, reefer, open top, flat-rack, open-side, etc.
Container Yard (CY or C.Y. )
A facility inside or outside the Container Terminal which accepts laden export containers from shippers or laden import containers for delivery to consignees.
Controlled Atmosphere (CA)
An atmosphere in which oxygen, carbon dioxide and nitrogen concentrations are regulated, as well as temperature and humidity.
Cu.
Cubic.A unit of volume meansurement.
Cube
A measure of volume expressed in cubic feet.
Cube the Shipment
Measure the total cubic feet of the shipment.
Cubic Foot
1,728 cubic inches.
Currency Adjustment Factor (CAF)
A surcharge percentage applied to freight rates to reflect currency fluctuations between U.S.dollars and other currencies.
Customs Bonded Warehouse
A public or privately owned warehouse where dutiable goods are stored pending payment of duty or removal under bond. The storage or delivery of goods are under the supervision of customs officers and if the warehouse is privately owned the keeper has to enter into a bond as indemnity in respect of the goods deposited, which may not be delivered without a release from the customs.
Customs Broker
A private business that provides documentation and entry preparation services required by CCRA and U.S. Customs on behalf of an Importer/Exporter of Record. Hired by an importer to carry out Customs related responsibilities and is covered by Power of Attorney to act on behalf of the Importer/Exporter of record.
Customs House
A Government office where import duties, etc., on foreign shipments are handled.
Custom House Broker
An individual or firm licensed to enter and clear goods through Customs.
Customs Valuation
The determination of the value of imported goods for the purpose of collecting ad valorem duties.
Cut-off Time
Latest possible time the cargo or container may be delivered to the vessel or designated point. See “Closing”.
Cwt.
Hundredweight (100 pounds in U.S.A.; 112 pounds in the U.K.).
CY/CFS
Cargo loaded in a full container by a shipper at origin, delivered to a CFS facility at destination, and then devanned by the carrier for loose pick-up.
CY/CY
Cargo loaded by the shipper in a full container at origin and delivered to the carrier's terminal at destination for pick-up intact by consignee.
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