SM Line

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Shipping Glossary

CFR

Code of Federal Regulation

CFR

Cost / Freight - named port of destination

CFR (Cost and Freight)

The seller prepays the cost of carriage to the named port of destination, and clears the goods for export. Risk of cargo loss or damage transfers to the buyer when the goods pass the ship's rail at the port of shipment

CGA

Cargo's Proportion of General Average

CH

Clearing house

CH

Carrier's Haulage

Charges, Statement of

A detailed statement of all charges sent to the importer, illustrating how the charges were calculated. The statement of charges deals with charges incurred by the shipper to the importer, outside of the quoted or agreed price

Charter

Hire of a ship; a different between two types is made, namely voyage charter and time charter

Charterer

Shipper. Contracting partner of the carrier. A ship is placed at his disposal against hire

Chartering Broker

Independent merchant from the legal and commercial point of view without regular commission. He coordinates ship and cargo, i.e. the C.B. coordinates the conclusion of voyage charter and time charter contracts. For this service he receives a brokerage commission, as a rule amounting to 1.25%

Support

Support

Shipping Glossary

CFR

CFR

CFR (Cost and Freight)

CGA

CH

CH

Charges, Statement of

Charter

Charterer

Chartering Broker

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