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Shipping Glossary
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Shipping Glossary
Certificate of InsuranceInsurance policy. Certificate containing details on the type of insurance, e.g. premium, cover, details on the insured risk or exclusions of liability |
Certificate of ManufactureA statement (often notarized) in which a producer of goods certifies that the manufacturing has been completed and the goods are now at the disposal of the buyer |
Certificate of Obligation1. Document whose handover equals the transfer of ownership of goods (e.g. B/L, shipping note, negotiable warehouse receipt). 2. Request for delivery of the goods listed in the B/L or the delivery note and, at the same time, a declaration by which the consignee undertakes to pay the quay handling fee to the operator. The cargo is not delivered if no certificate of obligation is issued |
Certificate of OriginA certified document used in international commerce that shows the origin of goods |
Certificate of Registry1. Document valid for a limited period of time reflecting the law of the flag of the issuing country before registration is made. The certificate of registry is mainly used for test voyages and transfers. 2. Extract from the ship's register and owner's title of ownership . In Germany the certificate of registry entitles a ship to flying the Federal flag. An extract from the certificate of registry must be kept on board. It is colloquially called the IC of a ship |
Certificate of WeightA certified statement of the weight of a shipment |
Certificated LiabilityPrinciple of carrier liability according to which the carrier is liable for delivering the cargo to the consignee in the condition stated in the B/L (e.g. as regards quantity and quality). Liability system which has applied in Germany since 1986 |
CESACommittee of EU Shipbuilders' Associations |
CFCCUSTOMS FORMALITY CHARGE |
CFDCFS DELIVERY CHARGE |
