Terms used in shipping such as Clean Bill of Lading,Clean Receipt,Clean Float,Cleaning in Transit,Coasting Broker,Coasthire

 

Terms used in shipping such as Clean Bill of Lading,Clean Receipt,Clean Float,Cleaning in Transit,Coasting Broker,Coasthire etc.

 

 

 

This post explains about terms used in shipping such as Classification,Clause Paramount,Clean Bill of Lading,Clean Receipt,Clean Float,Cleaning in Transit,Coasting Broker,Coasthire,Coastwise,Clerks etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.

 

Terms used in shipping

 

Classification Yard:A railroad yard with many tracks used for assembling freight trains.

 

in the customs tariff for duty purposes. At times, this procedure becomes highly complicated; it is not uncommon for importers to resort to litigation over the correct duty to be assessed by customs on a given item.

 

Classification:A publication, such as Uniform Freight Classification (railroad) or the National Motor Freight Classification (motor carrier), that assigns ratings to various articles and provides bill of lading descriptions and rules.

 

erms used in shipping such as Clean Bill of Lading,Clean Receipt,Clean Float,Cleaning in Transit,Coasting Broker,Coasthire etcClause Paramount - Clause in a Bill of Lading or Charter-Party which stipulates that the contract of carriage is governed by the Hague Rules or Hague-Visby Rules or the enactment of these rules of the country having jurisdiction over the contract.

 

Claused Bill of Lading - Bill of Lading containing one, or more than one, superimposed clause which may either specify a defect to the cargo or its packing or may be any comment of the master regarding the carriage of the goods, for example that the weighs or contents of a consignment are unknown to him, or that the goods shipped on deck are at shipper's risk.

 

Clayton Act:An anti-trust act of the U.S. Congress making price discrimination unlawful.

 

cld. – Cleared

 

CLDP - Commercial Law Development Program

 

Clean B/L:A bill of lading indicating that the goods were received by the carrier in good order and condition, without any clauses declaring a defective condition in the goods and/or their packing.

 

Clean Bill of Lading - A receipt for goods issued by a carrier with an indication that the goods were received in "apparent good order and condition," without damages or other irregularities.

 

Clean Bill of Lading - Bill of Lading which contains no superimposed clause specifying any defect to the cargo or its packing; it indicates that the cargo has been received by the ship in apparent good order and condition. Clean bills of lading are often required by banks who use them as collateral security against money advanced for the purchase of the goods described therein.

 

Clean Bill of Lading:A receipt for goods issued by a carrier with an indication that the goods were received in apparent good order and condition, without damages or other irregularities.

 

Clean Bill of Lading:A receipt for goods issued by a carrier with an indication that the goods were received in "apparent good order and condition," without damage or other irregularities. If no notation or exception is made, the B/L is assumed to be "clean."

 

Clean Draft - A draft to which no documents have been attached.

 

Clean Float - Clean float refers to a system in which exchange rates are determined by market forces rather than government intervention or restrictions. See: Dirty Float.

 

Clean Receipt - Receipt given by anyone receiving cargo into his care or possession bearing no clausing or notation indicating loss or damage, thus indicating that the goods were received in apparent good order and condition.

 

CLEAN SHIP:Refers to tankers which have their cargo tanks free of traces of dark persistent oils which remain after carrying crudes and heavy fuel oils.

 

Cleaning in Transit:The stopping of articles, such as peanuts, for cleaning at a point between the point of origin and destination.

 

Clear Days - Used with a number to denote the period of time excluding the first and the last days, for example ten clear days.

 

Clearance Limits:The size beyond which cars or loads cannot use bridges, tunnels, etc.

 

Cleat:A strip of wood or metal used to afford additional strength, to prevent warping, or to hold in place.

 

clerks: When cargo is unloaded from a ship, a clerk checks the actual count of the goods (number of boxes, drums, bundles, pipes, etc.) versus the amount listed on the ship’s manifest. He will note shortages, overages or damage. This is used to make claims if needed.

 

Clip-On:Refrigeration equipment attachable to an insulated container that does not have its own refrigeration unit.

 

Closed Conference - Liner conference in which the member lines vote on the admission of a new line. The purpose of this is to restrict the number of ships in a particular trade.

 

Closing date - Final date for delivering cargo to a liner ship. Usually considered to be the first day of the laycan or shipping period. Can also be a cargo cutoff date.

 

Closing:The published deadline for export cargoes or containers to be accepted for a sailing of the carrier. CY Closing is applicable to FCLs and CFS Closing is applicable to LCLs. Normally, CFS Closing is around 24 hours ahead of CY Closing, depending of the complexities of export customs clearance formalities at the country. See “ Late-Come “ .

 

Club du Sahel - The Club du Sahel is an informal coalition which seeks to reverse the effects of drought and the desertification in the eight Sahelian zone countries: Burkina Faso, Chad, Gambia, Mali, Mauritania, Niger, Senegal, and the Cape Verde Islands. The Club coordinates plans and financing of aid and sustained economic development in the region. The Club (sometimes called "Club des Amis du Sahel"), formed in December 1975, comprises both donor countries (Austria, Belgium, Canada, France, the Netherlands, Switzerland, the United Kingdom, and the United States) and Sahelian zone countries. Headquarters are in Ouagadougou, Burkina Faso.

 

Cm:Abbreviation for "centimeter."

 

CM:Abbreviation for "Cubic Meter" (capital letters).

 

CMA - Common Monetary Agreement

 

CMEA - Council for Mutual Economic Assistance

 

CMP - Country Marketing Plan

 

Cmpl. – Completed

 

CNS (CARGO NETWORK SERVICES):An agency to which IATA forwarders pay their freight bills.

 

CNUSA - Commercial News USA

 

CO2 emissions - abbreviation for carbon dioxide emissions. CO2 results from the burning of fossil fuels such as petroleum. It is broadly considered to be a factor contributing to global warming.

 

COA - Contract of Affreightment - is usually a contract for the carriage of a specified type and quantity of cargo, covering two or several shipments and running over a long period. In the COA it is the cargo and not the vessel that has a central position.

 

COA:Contract of affreightment

 

COAP - Cottonseed Oil Assistance Program

 

Coasthire - Time Charter-Party, the full name of which is the Chamber of Shipping Coasting and Short Sea daily Hire Charter Party.

 

Coasting Broker - Shipbroker who specializes in the negotiation of charters for coastwise or short sea voyages.

 

COASTWISE:Domestic shipping routes along a single coast.

 

Coastwise:Water transportation along the coast.

 

COCOM - Coordinating Committee for Multilateral Export Control

 

The above details describes about terms called in shippingsuch as Classification,Clause Paramount,Clean Bill of Lading,Clean Receipt,Clean Float,Cleaning in Transit,Coasting Broker,Coasthire,Coastwise,Clerks etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in shipping trade below this post. Terms used in shipping such as classification rating,class rates,claim,cash in advance, chq

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