Glossary

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…

Water transportation term applicable to shipments between ports of a nation; commonly refers to coastwise or intercoastal navigation or trade. Many nations, including the United States, have cabotage laws which require national flag…

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.

A dry bulk vessel above 80,000dwt or whose beam precludes passage via the Panama Canal and thus forces them to pass around Cape Horn or the Cape of Good Hope.

A document prepared by the captain of a vessel on arriving at port; shows conditions encountered during voyage, generally for the purpose of relieving ship owner of any loss to cargo and shifting…

Use of individual carrier/rail equipment through a central agency for the benefit of carriers and shippers.

Metal strip and lead fastener used for locking freight car or truck doors. Seals are numbered for record purposes.

A barge equipped with tracks on which up to approximately 12 railroad cars are moved in harbors or inland waterways.

Freight loaded into a ship.

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