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Shipping Glossary
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Shipping Glossary
COMBOCombined Bulk and Oil Carrier: Ship which can take bulk an oil |
COMLOSACommittee of Liner Operator for South America |
Command BridgeCommand post of a ship; The command bridges of the new container ships of Hapag- Lloyd AG is called ship management centre |
Commercial invoiceA complete record of a transaction between exporter and importer with regard to goods sold. Also reports the content of the shipment and serves as the basis for all other documents about the shipment |
Commercial Letter of CreditCommercial letter of credit which in particular, used as a means of trade financing in the Anglo-Ameri can states. It has the same importance as the letter of credit. The sole difference is that it is directed to the party selling the goods and not to the bank, as in the case of a L/C |
CommodityAn article that can be transported |
Commodity Box RateContainer rate which is charged as a lump sum for the transport of certain goods. The extent of utilisation of the container has no influence on the rate. However, certain loading limits (in respect of weight and volume) must be observed |
Commodity RateA rate published to apply to a specific article or articles |
Commodity TariffA tariff published to show specific rates on specific articles |
Common CarrierA transportation company that operates under a Certificate of Convenience and Necessity and provides service to the general public at published rates |
