Shipping Terms
Commonly Used Terms
Click on the term below and get an explanationUnderstand what the shipping terms means
Assignment
Assignment refers to the transfer of a shipment's title, interest, and rights to a consignee or receiver. This is most regularly used in relation to ocean freight when the "Conditions of Assignment" have been fulfilled, and the Bill of Lading is endorsed to the consignee.
C
Currency Adjustment Factor (CAF)
Cross-docking
Cost, Insurance and Freight (CIF)
Cost and Freight (CFR)
Contract of Carriage
Container Yard (CY)
Completely Knocked Down (CKD)
Certificate of Origin (CO)
Cellular Vessel
Carriers
Carrier's Lien
Carriage Paid To (CPT)
Carriage And Insurance Paid To (CIP)
Carnet
Cargo Agents Settlement System (CASS)