Home        Newsroom        Careers        Contact Us    

Company Overview
Global Presence

Additional Premium
All Risk
Giving up the proprietary rights in insured property to the underwriter in exchange for payment of a constructive total loss.
Acceptance by the carrier of a portion of a joint rate or charge which is less than the amount which it would receive for the service in the absence of such joint rate or charge (air cargo).
Agreement to pay at some future date – a “time draft” drawn on the accepting party.
Acceptance of Goods 
Process of receiving a consignment from a shipper, usually against the issue of a receipt. As from this moment and at this place the carrier’s responsibility for the consignment begins.
Approved Continuous Examination Program
Acknowledgement of Receipt 
Notification relating to the receipt of, for example, goods, messages and documents.
Air Cargo Process. Computer system used at UK airports as an intermediary between airlines, airports authorities, agents and customs declarations.
Act of God 
Natural event, such as floods, storms, lightning, earthquakes, etc., not preventable by human agency. Forces of nature that a carrier has no control over, and therefore cannot be held accountable for. Synonym: Force Majeure
Actual Loss 
This occurs when: 1. The insured property is completely destroyed; or 2. The insured is irretrievably deprived of the insured property; or 3. Cargo changes in character so that it is no longer the thing that was insured (e.g., cement becomes concrete) or 4. A ship is posted "missing" at Lloyd's, in which case both the ship and its cargo are deemed to be an actual total loss.
Actual Voyage Number 
Code for identification purposes of the voyage of a vessel.
Ad Valorem 
Mode of freight or customs duties levied on cargo based on its value.
Ad Valorem Bill of Lading 
Same as Valued Bill of Lading.
Ad Valorem Duty 
Tax imposed on merchandise based on its value.
Added Value 
Value attributed to products, and services as the result of a particular process (e.g. production process, storage, transport).
Articles Dangereux de Route
Down payment on account of final invoice amount.
Down payment on account of final invoice amount.
Advance against Documents 
Down payment in exchange for original shipping documents.
Advance Freight 
Same as Prepaid Freight.
Advanced Interline 
Interline carrier that picks up cargo from the shipper and delivers it to another carrier for shipment to the consignee.
Exposure of property to risk General Average Act (York-Antwerp Rules)
Advice Note 
Written shipment information, for example, about the status of the goods.
Advice of Fate 
Notice given by the collecting bank to the remitting bank as to payment, acceptance, non-payment, or non-acceptance of a draft presented at the remitting bank’s request.
Advising Bank 
Bank that handles Letters of Credit (L/C) for a foreign bank by notifying the seller that the buyer has opened a L/C in their favor. The advising bank fully informs the seller of the conditions of the Letter of Credit.
Advisory Capacity 
Term indicating that agent or representative is not empowered to make definitive decisions or adjustments without approval of the group or individual represented.
Aeroquip System 
Special accessories in a container consisting of, among other things, the attachment rails on the inside walls to provide facilities for lashing and securing of the cargo.
Contract which sets forth the obligations of both shipper and carrier concerning transportation of the merchandise. The most common forms of affreightment are Bills of Lading and Waybills.
At, near or towards the stern or rear of a vessel or an aircraft.
Agency Fee 
Fee payable by shipowner or ship operator to port agent.
A company (or person) which does business on behalf of another company based on a contractual agreement.
Aggregate Inventory 
Inventory for any group of items or products, involving multiple stock-keeping units. Synonym: Aggregate Stock
Air Commuter 
Airline operating regional passenger traffic.
Air Consignment Note 
See Air Waybill.
Air Waybill 
Abbreviation: AWB. Document used for carriage by air, evidencing the conclusion of a contract of carriage. This is a non-negotiable document of air transport that serves as a receipt for the shipper, indicating that the carrier has accepted the goods listed and obligates itself to carry the consignment to the airport of destination according to specified conditions. See Consignment Note, Bill of Lading, Through Bill of Lading
All Risk 
Abbreviation: A.R. Broadest form of insurance cover available, providing protection against all risks of physical loss or damage from any external cause. Does not cover loss or damage due to delay, inherent vice, pre-shipment condition, inadequate packaging or loss of market. See ICC, Named Perils Policy
Share of the capacity of a means of transport assigned to a certain party, e.g. a carrier or an agent, for the purpose of booking cargo for a specific voyage. See Reservation
Phrase referring to the side of a ship. Goods to be delivered “alongside” are to be placed on the dock or barge within reach of the transport ship’s tackle so that they can be loaded aboard the ship. See Free Alongside Ship (FAS)
Annual Policy 
Designed for clients with a small turnover of Goods in Transit. A deposit premium is paid and this is adjusted at the end of the year based on declarations made.
1. A vessel’s outfit, such as rigging, anchor and life boats. 2. The term used in distribution/transport of clothing for a single piece of clothing – a garment.
Approved Continuous Examination Program 
Abbreviation: ACEP. Agreement between the owners of the equipment and the responsible government body to allow continuous examination of the equipment (e.g. containers).
Approved Vessel 
Vessel which the underwriters deem adequate to carry the insured cargo, at the agreed rate of premium. Where the vessel is not approved, the risk is still covered but is subject to a reasonable additional premium.
See Platform
Buying of foreign exchange, securities, or commodities in one market and the simultaneous selling in another market. By this manipulation a profit is made because of the difference in the rates of exchange or in the prices of securities or commodities involved.
Area Code 
Code specifying an area. See Zone Improvement Plan (ZIP)
Arrival Notice 
Notice sent by a carrier or freight forwarder to notify party advising the arrival of a shipment.
Articles Dangereux de Route 
Abbreviation: ADR. European agreement concerning the international carriage of dangerous goods by road.
Stage of production in which components are put together into an end product.
Transfer of the rights, duties, responsibilities and/or benefits of an agreement, contract, or financial instrument to a third party.
Assignment of Proceeds 
Stipulation within a Letter of Credit in which some or all of the proceeds are assigned from the original beneficiary to one or more additional beneficiaries.
Assured Party 
Party that has legal title to the cargo and to whom a claim payment will be paid.
1. Behind a vessel or an aircraft. 2. Backward; in a reverse direction.
Across the vessel, i.e., from one side to the other. See Fore and Aft Stowage
Methodical examination and review of a situation or condition (as within a business enterprise) concluding with a detailed report of findings.
Proof by means of a signature or otherwise that a certain document or certain data is of undisputed origin and is genuine.
Commission to a certain person or body to act on behalf of another person or body.
Auto Container 
Container equipped for the transportation of vehicles.
Automated Guided Vehicle System 
Unmanned vehicles equipped with automatic guidance equipment which follow a prescribed path.
Automatic Identification 
Means of identifying an item (e.g. a product, parcel or transport unit) by a device entering the data automatically into a computer. The most widely used technology at present is bar code; others include radio frequency, magnetic stripes and optical character recognition.
Any loss or damage due to insured perils that is less than a total loss. Two types of average occur: Particular Average and General Average. See Particular Average, General Average, Average Adjusters
Average Adjusters 
In general average adjusters are entrusted with the task of apportioning the loss and expenditure over the parties interested in the maritime venture. They also determine which expenses are to be regarded as average or general average.
Average Clause 
Clause in marine policy which sets out the cover provided in the event of partial loss.
Average Irrespective of Percentage 
Indicates that partial losses will be paid regardless of any franchise or percentage.
See Air Waybill
Both Days Inclusive.
See Bill of Lading
Back Letter 
1. Back letters are drawn up in addition to a contract in order to lay down rights and/or obligations between both contracting parties, which, for various possible reasons, cannot be included in the original contract. 2. This expression is sometimes used for letters of indemnity.
Back Order 
Customer order or commitment, which is unfilled due to insufficient stock.
1. The quantity of goods still to be delivered, received, produced, issued, etc., for which the planned or agreed date has expired. 2. The total number of customer orders which have been received but not yet been shipped. Synonym: ? Open Order
See Bunker Adjustment Factor
Balance of Trade 
Difference between a country’s total imports and exports. If exports exceed imports, a favorable balance of trade exists; if not, a trade deficit is said to exist.
The capacity of cargo spaces under the deck of a vessel (including hatchways but excluding void spaces behind cargo battens and beams) expressed in cubic meters or cubic feet.
Materials carried to improve the trim and the stability of the vessel. Vessels usually carry water in tanks as ballast. The tanks are specially designed for this purpose.
Bank Draft 
Check issued by a bank.
Bank Guarantee 
Undertaking by a bank to effect payment of a sum of money in the event of non performance by the party on whose behalf the guarantee is issued.
Bank Release 
Negotiable time draft drawn on and accepted by a bank that adds its credit to that of an importer of merchandise.
Banker’s Acceptance 
“Time draft” drawn on a bank and bearing the bank’s promise to pay at a future date.
Banking System 
For marine purposes the practice of always keeping more than one piece of cargo on the quay or in the vessel ready for loading or discharging in order to avoid delays and to obtain optimal use of the loading gear.
Bar Coding 
Method of encoding data for fast and accurate electronic readability. Bar codes are a series of alternating bars and spaces printed or stamped on products, labels, or other media, representing encoded information which can be read by electronic readers, used to facilitate timely and accurate input of data to a computer system.
Bareboat Charter 
Charter whereby the charterer leases the bare ship and appoints the master and crew itself.
Flat-bottomed cargo transport vessel designed for canals, rivers and shallow waters with or without its own propulsion. Synonym: ? Lighter
Unlawful act or fraudulent breach of duty on the part of a master of a ship or of the mariners resulting in the injury of the owner of the ship or cargo.
Trade in which merchandise is exchanged directly for other merchandise without use of money. See Countertrade
Basic Stock 
Items of an inventory intended for issue against demand during the re-supply lead time. See Lead Time
Collection of products or data which is treated as one entity with respect to certain operations (e.g. processing and production).
Batch Production 
Production process where products/components are produced in batches and where each separate batch consists of a number of the same products/components.
Vertical division of a container vessel from stem to stern, used to indicate stowage places for containers. The numbers run from stem to stern; odd numbers indicate a 20-foot position, even numbers indicate a 40-foot position. See Cell Position, Grid Number
Bay Plan 
Stowage plan which shows the locations of all the containers on the vessel.
BC Code 
See Bulk Cargo Code, Segregation
Under-floor area of an aircraft. See Hold Space
Measurement and comparison against a standard, of efforts and results in the business process (e.g. input, output, reliability, quality and customer satisfaction).
Entity or person on whom a Letter of Credit has been opened or a draft has been drawn. See Assignment of Proceeds, Transferable Letter of Credit
Benefit of Insurance Clause 
Clause by which the bailee of goods claims the benefit of any insurance policy effected by the cargo owner on the goods in care of the bailee. Such a clause in a contract of carriage issued in accordance with the Carriage of Goods by Sea Act is void at law.
Location in a port where a vessel can be moored, often indicated by a code or name. See Wharf, Quay, Pier
Bilateral Trade 
Commerce between two countries, usually in accordance with specific agreements.
Bilateral Transport Agreement 
Agreement between two nations concerning transport relations.
Bill of Exchange 
See Draft
Bill of Lading 
Abbreviation: B/L. Document that establishes the terms of a contract between a shipper and a transportation company under which freight is to be moved between specified points for a specified charge. Usually prepared by the shipper on forms issued by the carrier, it serves as a document of title, a contract of carriage, and a receipt for goods. See Air Waybill, Ocean Bill of Lading, Through Bill of Lading
Bill of Lading Clause 
Particular article, stipulation or single provision in a Bill of Lading.
Bill of Material 
List of all parts, sub-assemblies and raw materials that constitute a particular assembly, showing the quantity of each required item.
Bimodal Trailer 
1. Road semi-trailer with retractable running gear to allow mounting on a pair of rail boogies. Synonym: Road-Rail Trailer 2. Trailer which is able to carry different types of standardized unit loads (e.g. a chassis which is appropriate for the carriage of one FEU or two TEUs).
Block Train 
Complete train moving straight from origin station to destination station without marshalling or decoupling of wagons. See Double Stack Train
Member of the vessel’s crew.
Post, fixed on a quay to lash mooring ropes.
See Container Bolster
Bona Fide 
In good faith; without dishonesty, fraud or deceit.
Bonded Shipments 
Shipments which are permitted to travel to inland destinations before customs clearance.
Bonded Transit Warehouse 
Warehouse under customs control holding cargo in transit to further destination.
Bonded Warehouse 
Warehouse authorized by customs authorities for storage of uncleared goods. See In Bond
Space reservation, conclusion of contract of carriage. Synonym for Air Cargo: Reservation See Allotment
Booking Reference Number 
Number assigned to a certain booking by the carrier or its agent.
See Waybill
Bottom Fittings 
Special conical-shaped devices to avoid the container moving during the voyage.
Bottom Lift 
Handling of containers with equipment attached to the four bottom corner fittings (castings).
Bottom Limit 
Maximum value at risk per shipment/sending/aircraft.
Box Pallet 
Pallet with at least three fixed, removable or collapsible, vertical sides.
Break Bulk 
1. Physical discharge of unitized cargo. 2. Administration procedure of document splitting at destination.
Break Bulk Cargo 
General cargo conventionally stowed as opposed to unitized, containerized and Roll-on/Roll-off cargo. Synonym: ? Conventional Cargo
Break-Even Weight 
Weight at which it is cheaper to charge the lower rate for the next higher weight-break multiplied by the minimum weight indicated, than to charge the higher rate for the actual weight of the shipment (air cargo).
Broken Stowage 
Cargo space that is unavoidably lost when stowing cargo. The percentage of wasted space depends upon the kind of cargo, the packing and the used spaces.
Person who acts as an agent or intermediary in negotiating contracts.
Brussels Tariff Nomenclature 
Abbreviation: BTN. Old Customs Cooperation Council Nomenclature for the classification of goods. Now replaced by the Harmonized System. See Harmonized System (HS)
British Standards Institution
Brussels Tariff Nomenclature
Buffer Stock 
Quantity of goods or articles kept in store to safeguard against unforeseen shortages or demands.
Bulk Cargo 
Unpacked cargo loaded directly into the vessel’s holds. Examples of commodities that can be shipped in bulk are ores, coal, scrap iron, grain, rice, vegetable oil, tallow, fuel oil, fertilizers and similar commodities.
Bulk Cargo Code 
Abbreviation: BC Code. Safe working practice code for solid bulk cargo.
Bulk Carrier 
Single-deck vessel designed to carry homogeneous unpacked dry cargo such as grain, iron ore and coal.
Bulk Container 
Container designed for the carriage of free-flowing dry cargo, which are loaded through hatchways in the roof of the container and discharged through hatchways at one end of the container.
Bulk Shipment 
See Bulk Cargo
Bulk Unitization Charge 
Charge which applies to consignments carried from airport of departure to airport of arrival, entirely in Unit Load Devices (air cargo).
1. Upright partition dividing compartments on board a vessel. 2. A vertically mounted board to provide front wall protection against shifting cargo and commonly seen on platform trailers (road cargo). 3. Partition in a container, providing a plenum chamber and/or air passage for either return or supply air. 4. Vertically mounted wall separating the fore respectively aft compartment from the rest of the aircraft (air cargo).
Bull Rings 
Rings for lashing the cargo in containers.
Spaces on board a vessel to store fuel. Synonym: Tank
Bunker Adjustment Factor 
Abbreviation: BAF. Adjustment applied by shipping lines or liner conferences to offset the effect of fluctuations in the cost of bunkers.
Bureau Veritas 
French classification society.
Cover Note
See Carriage of Goods by Sea Act
See Charter Party
Canceling (of policy) Returns Only
Constructive Total Loss
Country Damage
1. Transport of goods between two ports or places located in the same country. 2. Transport of cargo in a country other than the country where the vehicle is registered (road cargo). 3. The carriage of a container from a surplus area to an area in which equipment is needed.
Cash against Documents
See Currency Adjustment Factor
Visit of a vessel to a port.
Capacity Control 
Process of registering and steering of capacity.
Capacity Optimization 
Activities to maximize the amount of freight that is carried in the hold space of an aircraft.
Goods to be transported.
Cargo Accounts Settlement System 
Abbreviation: CASS. System for automated account settlement between participating IATA airlines, billing participants and part participants, on the one hand and their appointed IATA cargo agents on the other hand (air cargo).
Cargo Aircraft 
Any aircraft other than a passenger aircraft or a combi.
Cargo Assembly 
Separate reception of parcels or packages and the holding of them for later dispatch as one consignment. See Consolidation
Cargo Disassembly 
See Break Bulk
Cargo Handling 
Physical handling of goods.
Cargo IMP 
Cargo Interchange Message Procedures
Cargo Interchange Message Procedures 
Abbreviation: Cargo IMP. Procedures developed by the member airlines of the Air Transport Association of America (ATA) and the International Air Transport Association (IATA).
Cargo Manifest 
List including all particulars of consignments.
Cargo Restriction Code 
Code indicating that the use of a certain container is restricted to particular cargo.
Cargo Tracer 
Information sent by the agent or airline to all relevant parties, stating that certain cargo is either missing or arrived in excess.
Carnet ATA 
Customs document permitting the holder to carry or send merchandise temporarily into certain foreign countries (for display, demonstration or similar purposes) without completing normal customs formalities. With a carnet, the holder avoids paying duties or posting bonds.
Carriage and Insurance Paid to (... Named Place of Destination) 
Abbreviation: CIP. Incoterm See Incoterms
Carriage of Goods by Sea Act 
Abbreviation: C.O.G.S.A. 1936 U.S. Statute that governs the acts that a carrier is responsible for and defines the terms used in shipping. The act provides that the shipowner’s liability will be limited to $500 per shipping package, and it stipulates a one-year time limit for filing suit against the carrier. This act automatically applies to international ocean movements but not to domestic ocean transits unless the carrier agrees to be bound by it.
Carriage Paid to (... Named Place of Destination) 
Abbreviation: CPT. Incoterm See Incoterms
Company that carries the cargo, e.g. shipping line, airline, trucking company, etc.
Carrier Haulage 
Inland transport service performed by the sea-carrier under the terms and conditions of the relevant transport document. See Merchant Inspired Carrier Haulage
Carriers’ Lien 
Right to retain the property as security for the payment of services, material, or money expended on that property. E.g.: When the shipper ships goods “collect”, the carrier has a possessory claim on these goods, which means that the carrier can retain possession of the goods as security for the charges due.
Carrying Temperature 
Required cargo temperature during transport and storage. See Setting/Air Delivery Temperature
See Haulage
Cash Against Documents 
Abbreviation: CAD. Payment condition which implies transfer of title at time of payment.
Cash in Advance 
Abbreviation: CIA. Payment condition which implies up-front payment before transfer of title of goods.
Cash on Delivery 
Abbreviation: COD. Payment condition which implies payment of goods at the time of physical transfer.
Cash with Order 
Abbreviation: CWO. Payment condition which implies payment when order is placed.
Abbreviation for: Cargo Accounts Settlement System See Part-Participant, Settlement Office
CASS Airline 
Airline, fully participating in the CASS.
Closed Circuit Television
Location on board of a container vessel where one container can be stowed.
Cell Position 
Location of a cell on board of a container vessel identified by a code for, respectively, the bay, the row and the tier, indicating the exact position of a container on that vessel. See Bay
Steel bars and rails used to steer containers during loading and discharging whilst sliding in the ship. See Fully Cellular Containership
Cellular Vessel 
Vessel, specially designed and equipped for the carriage of containers.
See Council of European and Japanese National Ship-owners’ Associations
Center of Gravity 
Point at which the entire weight of a body may be considered as concentrated so that if supported at this point the body would remain in equilibrium in any position. See Meta-Centric Height
Document by which a fact is formally or officially attested and in which special requirements and conditions can be stated.
Certificate of Analysis 
Document, often required by an importer or government authorities, attesting to the quality or purity of commodities.
Certificate of Classification 
Certificate, issued by the classification society, stating the class under which a vessel or an aircraft is registered.
Certificate of Free Sale 
Certificate, required by some countries as evidence that the goods are normally sold on the open market and approved by the regulatory authorities in the country of origin.
Certificate of Inspection 
Document confirming that cargo has been inspected by a competent authority (SGS, Bureau Veritas or any national authority) before dispatch.
Certificate of Insurance 
Document presented by the insurance company or insured as evidence that insurance is in effect. The insured may assign their rights under this negotiable document to a third party, usually the consignee, by endorsing the reverse of the certificate.
Certificate of Manufacture 
Statement (often notarized) in which a producer of goods certifies that manufacture has been completed and that the goods are now at the disposal of the buyer.
Certificate of Origin 
Statement signed by the exporter, or its agent, and attested to by a local Chamber of Commerce, indicating that the goods being shipped, or a major percentage of them, originated and were produced in the exporter’s country.
Container Freight Station
Charge Type 
Separate, identifiable element of charges to be used in the pricing/rating of common services rendered to customers.
Charter Contract 
Charter Party
Charter Party 
Written contract, usually on a special form, between the owner of a vessel and a “charterer” who rents use of the vessel or a part of its freight space. The contract generally includes the freight rates and the ports involved in the transportation. Synonym for Airfreight: Charter Contract See Bareboat Charter, Demise Charter, Lump-Sum Charter, Slot Charter, Space Charter, Time Charter
Person who has signed a charter party with the owner of a vessel or an aircraft and thus hires or leases the same vessel or aircraft or a part of the capacity thereof on a legal basis.
Cash in Advance
CIF and C 
Cost, Insurance, Freight and Commission.
Convention Internationale Concernant le Transport des Marchandises par Chemin de Fer
City Terminal Service 
Convention Internationale Concernant le Transport des Marchandises par Chemin de Fer
Class Rate 
Rate applicable to a specifically designated class of goods (air cargo). See General Cargo Rate
Arrangement according to a systematic division of a number of objects into groups, based on some likeness or some common traits.
Classification Society 
Organization, whose main function is to carry out surveys of vessels, its purpose being to set and maintain standards of construction and upkeep for vessels, their engines and their safety equipment. A classification society also inspects and approves the construction of shipping containers. See Bureau Veritas, Det Norske Veritas, Germanischer Lloyd, Lloyd’s Register of Shipping
Clean Bill of Lading 
Receipt for goods issued by a shipping line that indicates that the goods were received in “apparent good order and condition”, without damage or other irregularities. See Foul Bill of Lading, Letter of Indemnity
Clean Draft (Bill of Exchange) 
Draft with no accompanying documents.
Clean on Board 
When goods are loaded on board and the document issued in respect to these goods is clean. Note: Through the usage of the UCP 500 rules the term has now become superfluous.
Clearance Terminal 
Terminal where customs facilities for the clearance of goods are available.
Cleared without Examination 
Abbreviation: CWE. Cleared by customs without inspection.
Clip on Unit 
Abbreviation: COU. Detachable aggregate for a temperature controlled container (Conair).
Closed Ventilated Container 
Container of a closed type, similar to a general-purpose container, but specially designed for carriage of cargo where ventilation, either natural or mechanical (forced), is necessary.
See Container Load Plan
Convention Relative au Contrat de Transport International de Marchandises par Route
Cash on Delivery
Empty space on board of a vessel between two bulkheads or two decks separating oil tanks from each other and/or the engine room or other compartments.
Where two or more parties share the same risk. A co-insurer is not obliged to follow the decision of another co-insurer, except where they have given authority for the other party to act on their behalf. Each co-insurance is a separate contract with the insured.
Collapsible Container 
Container which can be easily folded, disassembled and reassembled.
Collect Freight 
Freight which is payable to the carrier when the merchandise arrives at the port of discharge named in the Bill of Lading.
Collecting Bank 
Bank to which a remitting bank sends draft for collection. See Advice of Fate
Collection Papers 
All documents (Commercial invoices, Bills of Lading, etc.) submitted to a buyer for the purpose of receiving payment for a shipment.
Physical impact between two or more vehicles. In collision liability insurance, the term does not include contact of the insured vessel with anything other than a ship or vessel. See Perils of the Sea
Combination of cargo from another shipper or carrier, having the same final destination as the cargo base load.
Combi Aircraft 
Aircraft, carrying passengers and cargo upper deck
Combination Chassis 
Chassis which can carry either one 40-foot or two 20-foot containers.
Combination Joint Rate 
Joint rate which is obtained by combining two or more published rates (air cargo).
Combined Transport 
Combined Transport Intermodal transport where the major part of the journey is by one mode and any initial and/or final leg carried out by another mode. Synonym: ? Multimodal Transport See Combined Transport Document
Combined Transport Document 
Abbreviation: CTD Negotiable or non-negotiable document evidencing a contract for the performance of combined transport of goods. Synonym: ? Multimodal Transport Document
Combined Transport Operator 
Abbreviation: CTO Party that undertakes to carry goods with different modes of transport. Synonym: ? Multimodal Transport Operator
Commercial Invoice 
Document issued by the seller to the buyer, which gives detail of merchandise sold, number of units being shipped, per unit cost and the terms of sale. See Declaration of Origin
Commercial Set 
Set of four “negotiable” documents that represents and takes the place of the goods themselves in the financing of the cargo sales transaction.
Indication of the type of goods. Commodities are coded according to the harmonized system. See Harmonized System
Commodity Box Rate 
Rate classified by commodity and quoted per container. See Harmonized System
Commodity Code 
Code used in the Harmonized System for the classification of goods which are most commonly produced and traded.
Commodity Item Number 
Specific description number required in air transport to indicate that a specific freight rate applies.
Common Carrier 
Transporter that provides its services to the general public for the transportation of goods over a definite route and according to a regular schedule.
Compromised Total Loss 
Arranged settlement on a hull policy where there is no claim for actual or constructive total loss, but where it is impractical to repair the vessel.
Conair Container 
Thermal container served by an external cooling system (e.g. a vessel’s cooling system or a Clip on Unit), which regulates the temperature of the cargo. Note: Conair is a brand name. See Clip on Unit
Conditions of Carriage 
General terms and conditions established by a carrier in respect of the carriage.
Conditions of Contract 
Terms and conditions of a transportation contract.
Devices for facilitating the loading, positioning and lashing of containers. The cones insert into the bottom castings of the container. Synonym: ? Locating Pin
See Liner Conference
Confirmed Letter of Credit 
Letter of Credit, issued by a foreign bank, with validity confirmed by a bank of origin. A seller that requires a confirmed Letter of Credit from the buyer is assured of payment by the origin bank even if the foreign buyer or the foreign bank defaults.
Connecting Carrier 
Carrier to whose services the cargo is to be transferred for onward connecting transport.
Connecting Road Haulage 
See Drayage
Party, mentioned in the transport document, by whom the goods, cargo or containers are to be received.
Separate identifiable number of goods to be transported from one shipper to one consignee. Synonym: ? Shipment
Consignment Instructions 
See Shipping Instructions
Consignment Note 
Document prepared by the shipper and comprising a transport contract. It contains details of the consignment to be carried to the port of loading and it is signed by the inland carrier as proof of receipt. Document prepared by the shipper and comprising a transport contract. It contains details of the consignment to be carried to the port of loading and it is signed by the inland carrier as proof of receipt.
Consignment Stock 
Stock of goods with an external party (customer) which is still the property of the supplier. Payment for these goods is made to the supplier at the moment when they are sold.
See Shipper
Consolidated Container 
Container filled with several shipments from different shippers for delivery to one or more consignees.
Grouping together of smaller consignments of goods into a large consignment for carriage as a larger unit in order to obtain a reduced rate. See Cargo Assembly, Consolidation Point