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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.
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Carrier's Certificate
A certificate required by U.S. Customs to release cargo properly to the correct party.
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CBM (CM)
Abbreviation for "Cubic Meter."
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Certificate of Origin
A certified document showing the origin of goods; used in international commerce.
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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.
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Chassis
A frame with wheels and container locking devices in order to secure the container for movement.
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CIF
Abbreviation for "Cost, Insurance, Freight." (Named Port) Same as C&F or CFR except seller also provides insurance to named destination.
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Claim
A demand made upon a transportation line for payment on account of a loss sustained through its alleged negligence.
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COD
Abbreviation for:
- Collect (cash) on Delivery.
- Carried on Docket (pricing).
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COFC
Abbreviation for the Railway Service "Container On Flat Car."
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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 about the shipment.
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Conference
An association of ship owners operating in the same trade route who operate under collective conditions and agree on tariff rates.
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Connecting Carrier
A carrier which has a direct physical connection with, or forms a link between two or more carriers.
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Consignee
A person or company to whom commodities are shipped.
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Consolidator
A person or firm performing a consolidation service for others. The consolidator takes advantage of lower full carload (FCL) rates, and savings are passed on to shippers.
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Consular Invoice
A document, certified by a consular official, is required by some countries to describe a shipment. Used by Customs of the foreign country, to verify the value, quantity and nature of the cargo.
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Consumption Entry (CE)
The process of declaring the importation of foreign-made goods into the United States for use in the United States.
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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.
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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).
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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.
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Cut-Off Time
The latest time cargo may be delivered to a terminal for loading to a scheduled train or ship.
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Cwt.
Hundred weight (United States, 100 pounds: U.K.,112) .
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CY
Abbreviation for Container Yard.
The designation for full container receipt/delivery
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