Commonly Used Terms
Knot [Nautical]
The nautical knot finds its origin in a clever method; sailors once used to measure their speed at sea. In shipping, the term knot (kn) is used to measure the speed of a ship. It is a unit of speed, which is equivalent to the velocity at which 1 nautical mile is travelled in 1 hour. The term knot dates from the 17th century when sailors measured the speed of their ship by using a device called a "common log." For measurement purposes, 1 knot (kn) = 6076 ft/hour and 1 nautical mile are equal to 1.2 mi/hour.
B
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)
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