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Shipping Glossary

Shipping Glossary

Cooltainer

The "Integral Reefer" which is a container with an integral refrigerating set operated by power and/or a diesel engine

COP

Custom of the port

Copy B/L

Copy bill of lading

Copy Not Negotiable

Copy of a bill of lading which is not negotiable

Corner Castings

Corner castings of a container where the container can be lifted by means of spreaders

Corner Posts

Vertical frames components fitted at the corners of the container, integral to the corner fittings and connecting the roof and floor structures. Containers are lifted and secured in a stack using the castings at the ends

Corrected B/L

One that requires an update which results in money or other financially-related changes

Cost and Insurance (C.I.)

A price that includes the cost of goods, the marine insurance and all transportation charges with the exception of ocean freight to the named point of destination

Cost, insurance and freight (C.I.F.)

Price determined at point of destination that includes the cost of goods. The marine insurance and all transportation charges are calculated from point of destination

Countervailing Duty

An additional duty imposed to offset export grants, bounties or subsidies paid to foreign suppliers in certain countries by the government of that country for the purpose of promoting export

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