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Shipping Glossary
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Shipping Glossary
CFR (Cost and Freight)The seller prepays the cost of carriage to the named port of destination, and clears the goods for export. Risk of cargo loss or damage transfers to the buyer when the goods pass the ship's rail at the port of shipment |
CGACargo's Proportion of General Average |
CHClearing house |
CHCarrier's Haulage |
Charges, Statement ofA detailed statement of all charges sent to the importer, illustrating how the charges were calculated. The statement of charges deals with charges incurred by the shipper to the importer, outside of the quoted or agreed price |
CharterHire of a ship; a different between two types is made, namely voyage charter and time charter |
ChartererShipper. Contracting partner of the carrier. A ship is placed at his disposal against hire |
Chartering BrokerIndependent merchant from the legal and commercial point of view without regular commission. He coordinates ship and cargo, i.e. the C.B. coordinates the conclusion of voyage charter and time charter contracts. For this service he receives a brokerage commission, as a rule amounting to 1.25% |
CharterpartyCertificate of a contract according to which an entire ship, part thereof or a certain space thereof is rented |
ChassisA frame with wheels and container locking devices in order to secure and move containers |
