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Glossary of Terms: C

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9

Cartage

Intra-city hauling of goods on trucks or drays.

Carriage Paid To (CPT)

Carriage paid to named place of destination on the buyer's side. Under this term, the seller pays the costs and freight to bring the good to the named place of destination on the buyer's side; the risk of loss or damage to the goods, as well as any additional costs due to pay for pre-carriage, export clearance, main-carriage, unloading at the agreed port of discharge under the contract of carriage.

Cost and Freight (CFR)

Under this term, the seller quotes a price for the goods that includes the cost of transportation to the named point of destination. The cost of insurance is left to the buyer's account. (Typically used for ocean shipments only.)

Cubic Meter (CBM or CM)

A volume of space measuring one meter wide, one meter long and one meter high.

Chassis

A frame with wheels and devices which containers can lock on to. These come in skeletal types, parallel frames, perimeter frames, and goose neck types.

Cost, Insurance, and Freight (CIF)

Under this term, the seller quotes a price for the goods (including insurance), all transportation, and miscellaneous charges to the point of debarkation from the vessel. (Typically used for ocean shipments only.)

Customs Broker

A licensed individual or organization that assists importers and exporters with merchandise duty rates, customs clearance, and entry procedures. SBS is a customhouse broker.

Carriage and Insurance Paid (CIP)

Under this term, the seller must pay the costs and freight to bring the good to the named port of destination on the buyer's side; however, the risk of loss or damage to the goods, as well as any additional cost due to events occurring after delivery to the first carrier are for the account of the buyer.