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C&F Terms of Sale, or INCOTERMS Obsolete, although heavily used, term of sale meaning "cargo and freight" whereby Seller pays for cost of goods and freight charges up to destination port. In July, 1990 the International Chamber of Commerce replaced C&F with CFR.

 

CAF Abbreviation for "Currency Adjustment Factor." A charge, expressed as a percentage of a base rate, that is applied to compensate ocean carriers of currency fluctuations.

 

Cargo Manifest A manifest that lists all cargo carried on a specific vessel voyage.

 

Cargo NOS Cargo Not Otherwise Specified. Usually the rate entry in a tariff that can apply to commodities not covered under a specific item or sub-item in the applicable tariff.

 

Cargo Tonnage Most ocean freight is billed on the basis of weight or measurement tons (W/M). Weight tons can be expressed in short tons of 2000 pounds, long tons of 2240 pounds or metric tons of 1000 kilos (2204.62 pounds). Measurement tons are usually expressed as cargo measurement of 40 cubic feet (1.12 meters) or cubic meters (35.3 cubic feet.)

 

Carrier Any person or entity who, in a contract of carriage, undertakes to perform or to procure the performance of carriage by rail, road, sea, air, inland waterway or by a combination of such modes.

 

Carrier's Certificate A certificate required by U.S. Customs to release cargo properly to the correct party.

 

Cartage Usually refers to intra-city hauling on drays or trucks. Same as drayage.

 

Cash Against Documents (CAD) Method of payment for goods in which documents transferring title are given the buyer upon payment of cash to an intermediary acting for the seller, usually a commission house.

 

Cash in Advance (CIA) A method of payment for goods in which the buyer pays the seller in advance of the shipment of goods. Usually employed when the goods, such as specialized machinery, are built to order.

 

Cash With Order (CWO) A method of payment for goods in which cash is paid at the time of order and the transaction becomes binding on both buyer and seller.

 

CBM (CM) Abbreviation for "Cubic Meter."

 

Certificate of Origin A certified document showing the origin of goods; used in international commerce.

 

CFS Abbreviation for "Container Freight Station." A shipping dock where cargo is loaded ("stuffed") into or unloaded ("stripped") from containers. Generally, this involves less than containerload shipments, although small shipments destined to same consignee are often consolidated. Container reloading from/to rail or motor carrier equipment is a typical activity. These facilities can be located in container yards, or off dock.

 

Chassis A frame with wheels and container locking devices in order to secure the container for movement.

 

CIF (Named Port) Abbreviation for "Cost, Insurance, Freight." (Named Port) Same as C&F or CFR except seller also provides insurance to named destination.

 

Claim A demand made upon a transportation line for payment on account of a loss sustained through its alleged negligence.

 

Classification A publication, such as Uniform Freight Classification (railroad) or the National Motor Freight Classification (motor carrier), that assigns ratings to various articles and provides bill of lading descriptions and rules.

 

Clean Bill of Lading A receipt for goods issued by a carrier with an indication that the goods were received in "apparent good order and condition," without damage or other irregularities.If no notation or exception is made, the B/L is assumed to be "cleaned."

 

Cleaning in Transit The stopping of articles, such as peanuts, etc., for cleaning at a point between the point of origin and destination.

 

cm Abbreviation for "centimeter."

 

COD Abbreviation for: -Collect (cash) on Delivery. -Carried on Docket (pricing).

 

COFC Abbreviation for the Railway Service "Container On Flat Car."

 

Collection A draft drawn on the buyer, usually accompanied by documents, with complete instructions concerning processing for payment or acceptance.

 

Combination Rate A rate made up of two or more factors, separately published.

 

Commercial Invoice Represents a complete record of the transaction between exporter and importer with regard to the goods sold. Also reports the content of the shipment and serves as the basis for all other documents relating to the shipment.

 

Commodity Article shipped. For dangerous and hazardous cargo, the correct commodity identification is critical.

 

Commodity Rate A rate published to apply to a specific article or articles.

 

Common Carrier A transportation company which provides service to the general public at published rates.

 

Common Law Law that derives its force and authority from precedent, custom and usage rather than from statutes, particularly with reference to the laws of England and the United States.

 

Conference An association of ship owners operating in the same trade route who operate under collective conditions and agree on tariff rates.

 

Connecting Carrier A carrier which has a direct physical connection with, or forms a link between two or more carriers.

 

Consignee A person or company to whom commodities are shipped.

 

Consignment (1) A stock of merchandise advanced to a dealer and located at his place of business, but with title remaining in the source of supply. (2) A shipment of goods to a consignee.

 

Consignor A person or company shown on the bill of lading as the shipper.

 

Consolidation Cargo containing shipments of two or more shippers or suppliers. Containerload shipments may be consolidated for one or more consignees, often in containerload quantities.

 

Consolidator A person or firm performing a consolidation service for others. The consolidator takes advantage of lower full carload (FCL) rates, and passes on the savings to shippers.

 

Container A truck trailer body that can be detached from the chassis for loading into a vessel, a rail car or stacked in a container depot. Containers may be ventilated, insulated, refrigerated, flat rack, vehicle rack, open top, bulk liquid or equipped with interior devices. A container may be 20 feet, 40 feet, 45 feet, 48 feet or 53 feet in length, 8'0" or 8'6" in width, and 8'6" or 9'6" in height.

 

Container Freight Station See CFS.

 

Container Manifest Document showing contents and loading sequence, point of origin, and point of destination for a container. Vessels are required by law to carry such a document for each container carried.

 

Container Terminal An area designated for the stowage of cargoes in container; usually accessible by truck, railroad and marine transportation. Here containers are picked up, dropped off, maintained and housed.

 

Container Yard (CY) A materials-handling/storage facility used for completely unitized loads in containers and/or empty containers. Commonly referred to as CY.

 

Containerization Stowage of general or special cargoes in a container for transport in the various modes.

 

Container Load A load sufficient in size to fill a container either by cubic measurement or by weight.

 

Contract A legally binding agreement between two or more persons/organizations to carry out reciprocal obligations or value.

 

Contract Carrier Any person not a common carrier who, under special and individual contracts or agreements, transports passengers or property for compensation.

 

Cost, Insurance and Freight (CIF) Cost of goods, marine insurance and all transportation (freight) charges are paid to the foreign point of delivery by the seller.

 

C–TPAT (Customs–Trade Partnership Against Terrorism) A voluntary supply chain security partnership established by U.S. Customs and Border Protection in November 2001. Meeting the C-TPAT standards allows cargo owners faster processing through customs formalities and inspections.

 

Cu. An abbreviation for "Cubic." A unit of volume measurement.

 

Cubic Foot 1,728 cubic inches. A volume contained in a space measuring one foot high, one foot wide and one foot long

 

Customhouse Broker A person or firm, licensed by the treasury department of their country when required, engaged in entering and clearing goods through Customs for a client (importer).

 

Customs Government agency charged with enforcing the rules passed to protect the country's import and export revenues.

 

Customs Bonded Warehouse A warehouse authorized by Customs to receive duty-free merchandise.

 

Customs Entry All countries require that the importer make a declaration on incoming foreign goods. The importer then normally pays a duty on the imported merchandise. The importer's statement is compared against the carrier's vessel manifest to ensure that all foreign goods are properly declared.

 

Customs Invoice A form requiring all data in a commercial invoice along with a certificate of value and/or a certificate of origin. Required in a few countries (usually former British territories) and usually serves as a seller's commercial invoice.

 

Customs-Trade Partnership Against Terrorism (C-TPAT) It is a voluntary supply chain security program, launched in November 2001 and led by U.S. Customs and Border Protection (CBP) which focuses on improving the security of private companies' supply chains with respect to terrorism. In exchange for companies participation CBP will provide reduced inspections at the port of arrival, expedited processing at the border and penalty mitigation.

 

Cut-Off Time The latest time cargo may be delivered to a terminal for loading to a scheduled train or ship.

 

Cwt. Hundred weight (United States, 100 pounds; U.K.,112)

 

CY Abbreviation for: -Container Yard. -The designation for full container receipt/delivery.