SM Line

Support

Shipping Glossary

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

Country Damage

B/L clause according to which the carrier is not liable for damages caused before or after loading or unloading of the cargo. The carrier thus excludes his liability by contract

CPC

CONTAINER PAYABLE RENTAL CHARGE

CPL

Container Packing List. List containing all consignments packed into the container. In case of LCL cargo the list is prepared by the freight station for the agent and for the discharger in the port of discharge

CPS

DESPACHO DE ADUANAS(PROXY CUSTOMS CLEARANCECHARGE)

CPT

Carriage Paid To

CPT (Carriage Paid To)

The seller pays the freight for the carriage of the goods to the named destination. The risk of loss or damage to the goods, as well as any additional costs due to events occurring after the time the goods have been delivered to the carrier, is transferred from the seller to the buyer when the goods have been delivered into the custody of the carrier. If subsequent carriers are used for the carriage to the agreed upon destination, the risk passes when the goods have been delivered to the first carrier

CPU

CONTAINER PICK UP CHARGE

CR

Crane

Support

Support

Shipping Glossary

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

Countervailing Duty

Country Damage

CPC

CPL

CPS

CPT

CPT (Carriage Paid To)

CPU

CR

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