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Shipping Glossary

Shipping Glossary

CHC

Container handling charge

CHC

Cargo Handling Charges

CHIPS

Clearing House Interbank Payment System

Chock

A piece of wood or other material placed at the side of cargo to prevent rolling or moving sideways

CICS

Customer Information Control System: Part of the large computer operating system MVS by IBM. E.g. see FIS is based on the CICS which mainly controls data access

CIDA

Container Inland Disbursement Account: Invoicing of costs (e.g. by the agent) incurred by the transport, storage or cleaning of containers in a country

CIF

Cost, Insurance and Freight

CIF (Cost, Insurance, and Freight)

The seller has the same obligations as under the CFR but also has to procure marine insurance against the buyer!/s risk of loss or damage to the goods during the carriage. The seller contracts for insurance and pays the insurance premium

CIP

Calling in point

CIP (Carriage and Isurance Paid To)

The seller has the same obligations as under CPT, but also must contract and pay for insurance against the buyer!/s loss of or damage to the goods during the carriage. The seller contracts for insurance and pays the insurance premium. The buyer should note that under the CIP term, the seller is required to obtain insurance only on minimum coverage

오시는 길

서울특별시 강서구 마곡중앙 8로 78(마곡동, SM R&D 센터) 5, 6층
지하철 5호선 발산역 1, 9번 출구