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.

Controlled Atmosphere

Sophisticated, computer–controlled systems that manage the mixtures of gases within a container throughout an intermodal journey reducing decay.

Corner Posts

Vertical frame components fitted at the corners of the container, integral to the corner fittings and connecting the roof and floor structures. Containers are lifted and secured in a stack using the castings…

Correspondent Bank

A bank that, in its own country, handles the business of a foreign bank.

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.

Countervailing Duty

An additional duty imposed to offset export grants, bounties or subsidies paid to foreign suppliers in certain countries by the government of that country for the purpose of promoting export.

Cross Member

Transverse members fitted to the bottom side rails of a container, which support the floor.

Cu.

An abbreviation for “Cubic.” A unit of volume measurement.