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C |
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CENSA |
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Council of
European and Japanese National Shipowner's Associations. |
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Cabotage |
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1. Transport of goods between two ports
or places located in the same country. |
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2. Transport of cargo in a country
other than the country where the vehicle is registered road-cargo). |
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3. The carriage of a container
from a surplus area to an area specified by the Owner of that container,
in exchange of which and during which the operator can use this
container. |
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Call |
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The visit of a vessel to a
port. |
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Call Sign |
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A code published by the International
Telecommunication Union in its annual List of Ships' Stations to
be used for the information interchange between vessels, port authorities
and other relevant participants in international trade. |
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Note: The code structure is
based on a three digit designation series assigned by the ITU and
a one digit assigned by the country of registration. (PDHP =P&O
Nedlloyd Rotterdam) |
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Camber |
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Slightly arched form of container-floors
to strengthen the construction.. |
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Capacity |
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1. The ability, in a given
time, of a resource measured in quality and quantity. |
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2. The quantity of goods which can be stored
in or loaded into a warehouse, store and/or loaded into a means
of transport at a particular time. |
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Capacity Control |
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1. The quantity of goods still to be delivered,
received, produced, issued, etc., for which the planned or agreed
date has expired. |
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2. The total number of customer orders
which have been received but not yet been shipped. |
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Capacity Control |
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Process of registering and
steering of capacity. |
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Capstan |
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Mechanical device with drum
having a vertical spindle used to tighten or slacken mooring ropes
or to haul an anchor. |
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Cargo |
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1. Goods transported or to be transported,
all goods carried on a ship covered by a B/L. |
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2. Any goods, wares, merchandise, and articles
of every kind whatsoever carried on a ship, other than mail, ship's
stores, ship's spare parts, ship's equipment, stowage material,
crew's effects and passengers' accompanied baggage (IMO). |
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3. Any property carried on an aircraft,
other than mail, stores and accompanied or mishandled baggage Also
referred to as 'goods' (ICAO). |
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Cargo Assembly |
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The separate reception of parcels
or packages and the holding of them for later despatch as one consignment
(air cargo). |
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Cargo Disassembly |
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The separation of one or more of the component
parts of a consignment (from other parts of such consignment) for
any purpose other than that of presenting such part or parts to
customs authorities at the specific request of such authorities
(air cargo). |
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Cargo Handling |
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All procedures necessary to
enable the physical handling of goods. |
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Cargo Restriction Code |
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A code indicating that the use of a certain
container is restricted to particular cargo. |
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Cargo Tracer |
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A document sent by the agent to all relevant
parties, stating that certain cargo is either missing or over-landed. |
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Cargo Unit |
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A vehicle, container, pallet,
flat, portable tank or any other entity or any part thereof which
belongs to the ship but is not permanently attached to that ship. |
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Carriage |
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The process of transporting
(conveying) cargo, from one point to another. |
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Carriage Paid To (...named place of destination) |
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Abbreviation: CPT |
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See Inco Terms |
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Carriage and Insurance Paid To (...named
place of destination) |
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Abbreviation: CIP |
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See Inco Terms |
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Carrier |
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The party undertaking transport
of goods from one point to another. |
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Carrier Haulage |
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The inland transport service,
which is performed by the sea-carrier under the terms and conditions
of the tariff and of the relevant transport document. |
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Carriers Bill of Lading Ports |
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Terminal, Pre-terminal port
or Post-terminal Port as per tariff, indicated on the Bill of Lading
and which is not the port physically called at by Carriers' ocean
vessels. |
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Note: Under normal circumstances
in the B/L only ports should be mentioned which are actually called
at. |
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Carriers' Lien |
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When the shipper ships goods
'collect', the carrier has a possessory claim on these goods, which
means that the carrier can retain possession of the goods as security
for the charges due. |
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Carrying Temperature |
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Required cargo temperature
during transport and storage. |
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Cartage |
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See Haulage |
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Cash Against Documents |
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Abbreviation: CAD |
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Terms of payment: if the buyer of goods
pays for the goods against transfer of the documents, entitling
him to obtain delivery of the goods from the carrier. |
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Cash On Delivery |
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Abbreviation: COD |
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Terms of payment: if the carrier collects
a payment from the consignee and remits the amount to the shipper
(air cargo). |
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Caveat Emptor |
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Let the buyer beware, purchaser must ascertain
the condition of the goods to be purchased prior to the purchase. |
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Cavitation |
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The formation of partial vacuum bubbles
on submerged surfaces caused by low pressure arising from a hydrodynamic
flow as a result of mechanical force, usually associated with the
use of propellers. The collapse of the bubbles causes surface damage
and pits. |
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Cell |
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Location on board of a container vessel
where one container can be stowed. |
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Cell Position |
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The location of a cell on board of a container
vessel identified by a code for successively the bay, the row and
the tier, indicating the position of a container on that vessel. |
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Cell-guide |
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Steel bars and rails used
to steer containers during loading and discharging whilst sliding
in the ship. |
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Cellular Vessel |
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A vessel, specially designed
and equipped for the carriage of containers. |
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Central Warehouse |
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A warehouse which performs
central functions for a number of warehouses. |
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Centre of Gravity |
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Point at which the entire
weight of a body may be considered as concentrated so that if supported
at this point the body would remain in equilibrium in any position. |
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Certificate |
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A document by which a fact is formally
or officially attested and in which special requirements and conditions
can be stated. |
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Certificate of Analysis |
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A document, often required by an importer
or governmental authorities, attesting to the quality or purity
of commodities. The origin of the certification may be a chemist
or any other authorised body such as an inspection firm retained
by the exporter or importer. In some cases the document may be drawn
up by the manufacturer certifying that the merchandise shipped has
been tested in his facility and found conform to the specifications. |
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Certificate of Classification |
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A certificate, issued by the
classification society and stating the class under which a vessel
is registered. |
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Certificate of Delivery |
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A certificate, indicating
the condition of a vessel upon delivery for a charter including
ballast, available bunkers and fresh water. |
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Certificate of Free Sale |
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A certificate, required by some countries as evidence that the goods
are normally sold on the open market and approved by the regulatory
authorities in the country of origin. |
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Certificate of Origin |
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A certificate, showing the country of original
production of goods. Frequently used by customs in ascertaining
duties under preferential tariff programmes or in connection with
regulating imports from specific sources. |
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Certificate of Redelivery |
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A certificate, indicating the
condition of a vessel upon redelivery from a charter including ballast,
available bunkers and fresh water. |
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Certification Authority (Key Management) |
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The certification authority is the central
party of a key management system. It provides certificates to the
users so that ?trust? can be established between different users
based on the ?trust? between the Registration Authority and users.
These certificates are furthermore made available in one or more
directories which can be accessed by all users. |
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Chain Conveyor |
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A conveyor consisting of two or more strands
of chain running in parallel tracks with the loads carried directly
on the chains. |
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Chain-Locker |
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Compartment at the forward part of the
ship designed for the storage of the anchor chain. |
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Charge |
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An amount to be paid for carriage
of goods based on the applicable rate of such carriage, or an amount
to be paid for a special or incidental service in connection with
the carriage of goods. |
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Charge Type |
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A separate, identifiable element of charges
to be used in the pricing/rating of common services rendered to
customers. |
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Charter Contract |
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See Charter Party |
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Charter Party |
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1. A contract in which the shipowner agrees
to place his vessel or a part of it at the disposal of a third party,
the charterer, for the carriage of goods for which he receives a
freight per ton cargo, or to let his vessel for a definite period
or trip for which a hire is paid. |
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2 .synonym: Charter Contract. |
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Charterer |
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The legal person who has signed a charter
party with the owner of a vessel or an aircraft and thus hires or
leases a vessel or an aircraft or a part of the capacity thereof. |
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Chassis |
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1. A wheeled carriage onto which an ocean
container is mounted for inland conveyance |
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2. The part of a motor vehicle that includes
the engine, the frame, suspension system, wheels, steering mechanism
etc., but not the body. |
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Claim |
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A charge made against a carrier
for loss, damage or delay. |
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Classification |
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Arrangement according to a systematic division
of a number of objects into groups, based on some likeness or some
common traits. |
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Classification Society |
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An Organisation, whose main function is
to carry out surveys of vessels, its purpose being to set and maintain
standards of construction and upkeep for vessels, their engines
and their safety equipment. A classification society also inspects
and approves the construction of P&O Nedlloyd containers. |
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Clean Bill of Lading |
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A Bill of Lading which does not contain
any qualification about the apparent order and condition of the
goods to be transported (it bears no stamped clauses on the front
of the B/L). It bears no superimposed clauses expressly declaring
a defective condition of the goods or packaging (resolution of the
ICS 1951). |
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Clean on Board |
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When goods are loaded on board and the
document issued in respect to these goods is clean. |
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Note: Through the usage of the UCP 500
rules the term has now become superfluous. |
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Clearance Terminal |
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Terminal where Customs facilities for the
clearance of goods are available. |
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Cleared Without Examination |
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Abbreviation: CWE |
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Cleared by customs without inspection. |
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Client |
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A party with which a company has a commercial
relationship concerning the transport of e.g. cargo or concerning
certain services of the company concerned, either directly or through
an agent. |
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Clip on Unit |
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Abbreviation: COU |
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Detachable aggregate for a temperature
controlled container (Conair). |
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Closed Ventilated Container |
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A container of a closed type, similar to
a general purpose container, but specially designed for carriage
of cargo where ventilation, either natural or mechanical (forced),
is necessary. |
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Co-loading |
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The loading, on the way, of cargo from
another shipper, having the same final destination as the cargo
loaded earlier. |
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Co-makership |
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The long-term relationship
between e.g. a supplier or a carrier and a customer, on the basis
of mutual confidence. |
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Co-shippership |
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See Co-makership |
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Coaming |
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Structure around the hatch or door opening
of a ship intended to provide seating for the cover, to stiffen
the deck or plates and to prevent the ingress of water. |
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Coaster |
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A relative small ship plying
between coastal ports. |
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Code |
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A character string that represents
a member set of values. |
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Code List |
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The complete set of code values
for a data item. |
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Cofferdam |
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An empty space on board of a vessel between
two bulkheads or two decks separating oil tanks from each other
and/or the engine room or other compartments. |
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Collapsible Container |
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Container which can be easily
folded, disassembled and reassembled. |
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Combination Charge |
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An amount which is obtained
by combining two or more charges. |
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Combination Chassis |
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A chassis which can carry either one forty
foot or thirty foot container or a combination of shorter containers
e.g. 2 x 20 foot. |
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Combined Transport |
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Intermodal transport where the major part
of the journey is by one mode such as rail, inland waterway or sea
and any initial and/or final leg carried out by another mode such
as road. |
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Combined Transport Bill of Lading |
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See Bill
of Lading R302 |
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Combined Transport Document |
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Negotiable or non-negotiable
document evidencing a contract for the performance and/or procurement
of performance of combined transport of goods. |
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Thus a combined transport document is a
document issued by a Carrier who contracts as a principal with the
Merchant to effect a combined transport often on a door-to-door
basis. |
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Combined Transport Operator |
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Abbreviation: CTO |
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A party who undertakes to carry goods with
different modes of transport. |
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Commercial Invoice |
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A document showing commercial
values of the transaction between the buyer and seller. |
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Commodity |
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Indication of the type of goods. Commodities
are coded according to the harmonised system. |
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Commodity Box Rate |
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A rate classified by commodity
and quoted per container. |
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Commodity Code |
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Code used in the Harmonised System for
the classification of goods, which are most commonly produced and
traded. |
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Commodity Item Number |
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Specific description number required in
air transport to indicate that a specific freight rate applies. |
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Common Access Reference |
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A key to relate all subsequent transfers
of data to the same business case or file. |
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Compagneurs Nationales des Conteneurs |
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Abbreviation: CNC affiliate
of the French National Railways for Container traffic. |
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Compass |
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Instrument used for showing
the direction of north and the relative heading of the ship compared
with this direction. |
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Competent Authority Approval |
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Abbreviation: CAA |
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A competent authority means any national
regulatory body or authority designated or otherwise recognised
as such for any purpose in connection with IMO code. |
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Component |
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A uniquely identifiable product that is
considered indivisible for a particular planning or control purpose,
and/or which cannot be decomposed without destroying it. |
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Note: A component for one organisational
group may be the final assembly of another group (e.g. electric
motor). |
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Compradore |
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A local advisor or agent employed
by a foreign party or company who acts as an intermediary in transactions
with local inhabitants. |
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Computer Virus |
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A program that can infect other programs
by modifying them to include a possibly evolved copy of itself. |
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Conair Container |
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Thermal container served by an external
cooling system (e.g. a vessel's cooling system or a Clip On Unit),
which regulates the temperature of the cargo. |
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Note: Conair is a brand name. |
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Conditions |
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1. Anything called for as requirements
before the performance or completion of something else. |
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2. Contractual stipulations which are printed
on a document or provided separately. |
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Conditions of Carriage |
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The general terms and conditions established
by a carrier in respect of the carriage (air cargo). |
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Conditions of Contract |
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Terms and conditions shown on the Air Waybill
(air cargo). |
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Cones |
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Devices for facilitating the loading, positioning
and lashing of containers. The cones insert into the bottom castings
of the container. |
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Conference |
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See Liner conference |
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Congestion |
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Accumulation of vessels at a port to the
extent that vessels arriving to load or discharge are obliged to
wait for a vacant berth. |
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Connecting Carrier |
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A carrier to whose services the cargo is
to be transferred for onward connecting transport (air cargo). |
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Connecting Road Haulage |
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See Drayage |
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Consensus |
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General agreement, characterised by the
absence of sustained opposition to substantial issues by any important
part of concerned interests and by a process that involves seeking
to take into account the views of all parties concerned and to reconcile
any conflicting arguments. Consensus needs not to imply unanimity. |
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Consignee |
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The party such as mentioned in the transport
document by whom the goods, cargo or containers are to be received. |
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Consignment |
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A separate identifiable number of goods
(available to be) transported from one consignor to one consignee
via one or more than one modes of transport and specified in one
single transport document. |
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Consignment Instructions |
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Instructions from either the seller/consignor
or the buyer/consignee to a freight forwarder, carrier or his agent,
or other provider of a service, enabling the movement of goods and
associated activities. The following functions can be covered: |
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- Movement and handling of goods (shipping,
forwarding and stowage).
- Customs formalities.
- Distribution of documents.
- Allocation of documents (freight and charges for
the connected operations).
- Special instructions (insurance, dangerous
goods, goods release, additional documents required).
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Consignment Note |
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A document prepared by the shipper and
comprising a transport contract. It contains details of the consignment
to be carried to the port of loading and it is signed by the inland
carrier as proof of receipt. |
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Consignment Stock |
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The stock of goods with an external party
(customer) which is still the property of the supplier. Payment
for these goods is made to the supplier at the moment when they
are sold (used) by this party. |
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Consignor |
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See Shipper |
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Consolidate |
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To group and stuff several shipments together
in one container. |
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Consolidated Container |
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Container stuffed with several shipments
(consignments) from different shippers for delivery to one or more
consignees. |
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Consolidation |
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The grouping together of smaller consignments
of goods into a large consignment for carriage as a larger unit
in order to obtain a reduced rate. |
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Consolidation Point |
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Location where consolidation of consignments
takes place. |
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Consolidator |
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A firm or company which consolidates cargo. |
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Consortium |
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Consortium is a form of co-operation between
two or more carriers to operate in a particular trade. |
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Consular Invoice |
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An invoice covering shipment of goods certified
by a consular official of the destination country, and used normally
by customs or officials concerned with foreign exchange availability
to ascertain the correctness of commercial invoice values. |
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Container |
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An item of equipment as defined by the
International Organisation for Standardisation (ISO) for transport
purposes. It must be of: |
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1. a permanent character and accordingly
strong enough to be suitable for repeated use. |
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2. specially designed to facilitate the
carriage of goods, by one or more modes of transport without intermediate
reloading. |
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3. fitted with devices permitting
its ready handling, particularly from one mode of transport to another. |
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4. so designed as to be easy to fill and
empty. |
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5. Having an internal volume of 1 m3 or
more. The term container includes neither vehicles nor conventional
packing. |
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Container Bolster |
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A container floor without sides or end
walls which does not have the ISO corner fittings and is generally
used for Ro/Ro operations. |
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Note: A bolster cannot be handled either
full or empty by a container spreader without special gear. |
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Container Chassis |
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A vehicle specially built for the purpose
of transporting a container so that, when container and chassis
are assembled, the produced unit serves as a road trailer. |
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Container Check Digit |
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The 7th digit of the serial number of a
container used to check whether prefix and serial number are correct. |
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Container Depot |
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Storage area for empty containers. |
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Container Freight Station |
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Abbreviation: CFS |
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A facility at which (export) LCL cargo
is received from merchants for loading (stuffing) into containers
or at which (import) LCL cargo is unloaded (stripped) from containers
and delivered to merchants. |
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Container Lease |
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The contract by which the owner of containers
(lessor) gives the use of containers to a lessee for a specified
period of time and for fixed payments. |
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Container Load Plan (CLP) |
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A list of items loaded in a specific container
and where appropriate their sequence of loading. |
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Container Logistics |
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The controlling and positioning of containers
and other equipment. |
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Container Manifest |
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The document specifying the contents of
particular freight containers or other transport units, prepared
by the party responsible for their loading into the container or
unit. |
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Container Moves |
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The number of actions performed by one
container crane during a certain period. |
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Container Number |
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Identification number of a container consisting
of prefix and serial number and check digit. (e.g. KNLU 123456-7) |
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See also: Container Serial Number and Container
Prefix |
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Container Owner |
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A party who has a container at his disposal
and who is entitled to lease or sell the container. |
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Container Platform |
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A container floor without sides or end
walls, which can be loaded by spreader directly and is generally,
used for Lo-Lo operations. |
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Container Pool |
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A certain stock of containers which is
jointly used by several container carriers and/or leasing companies. |
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Container Prefix |
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A four letter code that forms the first
part of a container identification number indicating the owner of
a container. |
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Container Safety Convention |
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Abbreviation: CSC |
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International convention for safe containers. |
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Container Serial Number |
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A seven digit serial number (6 plus 1 Check
Digit) that forms the second part of a container identification
number. |
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Container Service Charges |
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Charges to be paid by cargo interests as
per tariff. |
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Container Size Code |
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An indication of 2 digits of the nominal
length and nominal height. |
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See also: Size/Type ISO6346 |
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Container Size/Type |
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Description of the size and type of a freight
container or similar unit load device as specified in ISO6346. |
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Container Stack |
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Two or more containers, one placed above
the other, forming a vertical column. |
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See also: Stack |
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Container Sublease |
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Contract by which a carrier gives the use
of containers to another carrier for a specified period of time
and for fixed payments. |
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Container Terminal |
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Place where loaded and/or empty containers
are loaded or discharged into or from a means of transport. |
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Container Type Code |
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Two digits, the first of which indicates
the category and the second of which indicates certain physical
characteristics or other attributes. |
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See also: Container Size/Type ISO6346 |
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Container Yard |
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Abbreviation: CY |
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A facility at which FCL traffic and empty
containers are received from or delivered to the Merchant by or
on behalf of the Carrier. |
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Note: Often this yard is used to receive
goods on behalf of the merchant and pack these in containers for
FCL traffic. |
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Containerised |
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Indication that goods have been stowed
in a container. |
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Contraband |
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Goods forbidden by national law to be imported
or exported. |
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Contract |
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An agreement enforceable by law between
two or more parties stipulating their rights and obligations which
are required by one or both parties to acts or forbearance by the
other or both. |
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Contract Logistics |
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The contracting out of all the warehousing,
transport and distribution activities or a part thereof by manufacturing
companies. |
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Contract of Affreightment |
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An agreement whereby the shipowner agrees
to carry goods by water, or furnishes a vessel for the purpose of
carrying goods by water, in return for a sum of money called freight.
There are two forms: the charter party and the contract contained
in the Bill of Lading. |
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Contractual Port of Loading |
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A port at which an ocean vessel does not
call, but which is equalised with the actual port of call and upon
which inland haulage services and inland tariffs are based. |
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Note: Generally speaking it is seen as
the port to be mentioned on the B/L from which cargo is accepted
(e.g. delivered by the consignee for sea transport). |
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Control |
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The registration and check on data and
activities as well as determining supervising procedures and changes
related to procedures. |
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Convention Internationale Concernant le
Transport des Marchandises par Chemin de Fer |
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Abbreviation: CIM |
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International agreement, applied by 19
European railway companies, setting out conditions for international
railway transport of goods and the liabilities of the carrier. |
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Convention Relative au Contrat de Transport
International de Marchandise par Route |
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Abbreviation: CMR |
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Convention for the international carriage
of goods by road, setting out the conditions of carriage and the
liabilities of the carrier. |
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Note: Adherence to this set of regulations
reflects a desire to standardise items such as documentation and
rules on the carriers liability. |
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Conventional Cargo |
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See Break
Bulk Cargo |
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Convertor Dolly |
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An auxiliary undercarriage assembly consisting
of a chassis, fifth wheel and towbar used to convert a semi-trailer
or a container chassis to a full trailer. |
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Conveyance |
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Transport of goods from one place to another. |
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Conveyor |
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A mechanical device in the form of a continuous
belt for transporting cargo. |
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Core Competence |
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The combination of individual skills and
use of technologies that underlay the various products and or services
of a business. |
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Core Data |
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The fundamental set of data that is needed
to convey the essential minimum detail for a specific transaction
type. Ideally the detail should be all required pieces of information
with no, or at least the very minimum of, options. |
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Core Master Data |
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The fundamental set of data that is needed
to establish sufficient (but minimum) reference material to support
the maximum use of pre-code, pre-agreed information enabling simple
(minimum required content) transaction messaging. |
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Core Systems |
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Systems which are corporately owned and
used globally. The systems are managed and controlled by a global
team of specialists. The systems are considered as key for the general
functioning of the entire company. |
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Corner Fittings |
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Fittings located at the corners of containers
providing means of supporting, stacking, handling and securing the
container. |
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Corner Post |
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Vertical structural member at either side
of an 'end frame' of a container joining a top and a bottom corner
fitting (and thereby forming a 'corner structure'). |
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Correction Message |
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A substitution for what has been wrong
in a prior data interchange between computers in accordance with
interchange agreements. |
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Cost and Freight (...named port of destination) |
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Abbreviation: CFR |
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See Inco
Terms |
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Cost, Insurance and Freight (...named port
of destination) |
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Abbreviation: CIF |
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See Inco
Terms |
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Council of European and Japanese National
Shipowner's Associations |
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Abbreviation: CENSA |
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The main objectives of this Organisation
are to promote and protect sound Shipping policies in all sectors
of shipping, to co-ordinate and present the views of its members
and to exchange views with other shipowner groups. |
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Country of Departure |
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Country from which a certain means of transport
is scheduled to depart or has departed. |
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Country of Despatch |
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Country from which the goods are shipped. |
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Country of Origin |
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Country in which the goods have been produced
or manufactured, according to criteria laid down for the purpose
of application of the customs tariff, of quantitative restrictions,
or of any other measure related to trade. |
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Country of Provenance |
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The country from which goods or cargo are
sent to the importing country. |
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Crane |
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A machine designed for moving and lifting
weight by means of a movable projecting arm or a horizontal beam,
which is able to travel over a certain distance. |
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Crew Member |
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Any person actually employed for duties
on board during a voyage in the working or service of a ship and
included in the crew list (IMO). |
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Critical Path Method |
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A network planning technique used for planning
and controlling the activities in a project. By showing each of
these activities and their associated times, the 'critical path'
can be determined. The critical path is the series of successive
activities which takes up most time and is therefore decisive for
the total lead time of the project. |
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Cross Trades |
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Term used in P&O Nedlloyd for the services
of a vessel between nations other than the nation in which the vessel
is registered (UNCTAD). |
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Cruise Ship |
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A ship on an international voyage carrying
passengers participating in a group program and accommodated on
board, for the purpose of making scheduled temporary tourist visits
at one or more different ports, and which during the voyage does
not normally: (a) embark or disembark any other passengers; (b)
load or discharge any cargo. |
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Currency |
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A medium of exchange of value, defined
by reference to the geographical location of the authorities responsible
for it (ISO4217). |
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In general, the monetary unit involved
in a transaction and represented by a name or a symbol. |
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Currency Adjustment Factor |
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Abbreviation: CAF |
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Adjustment applied by P&O Nedlloyd lines
or liner conferences on freight rates to offset losses or gains
for carriers resulting from fluctuations in exchange rates of tariff
currencies. |
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Customer |
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See Client |
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Customer Pick Up |
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Cargo picked up by a customer at a warehouse. |
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Customer Service |
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1. The way in which during a commercial
relationship the wishes and demands of the (prospective) client
are catered for. |
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2. Supporting activities at the customer
interface adding value to a product (CEN273). |
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Customer Service Level |
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A performance measure of customer service. |
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Note: generally this is seen as the degree
with which customer orders can be executed, in accordance with the
terms which are generally accepted in the market. |
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Customs |
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The department of the Civil Service that
deals with the levying of duties and taxes on imported goods from
foreign countries and the control over the export and import of
goods e.g. allowed quota prohibited goods. |
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Customs Broker |
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An authorised agent specialised in customs
clearance procedures on account of importers/exporters. |
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Customs Clearance Agent |
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Customs broker or other agent of the consignee
designated to perform customs clearance services for the consignee. |
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Customs Invoice |
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Document required by the customs in an
importing country in which an exporter states the invoice or other
price (e.g. selling price, price of identical goods), and specifies
costs for freight, insurance and packing etc., terms of delivery
and payment, for the purpose of determining the customs value in
the importing country of goods consigned to that country. |
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Customs Value |
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The worth of an item or group of items
expressed in a monetary amount, within a consignment declared to
Customs for duty and statistical reasons. |
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Cybernetics |
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The study of control processes in mechanical,
biological, electrical and information systems. |
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Cycle Stock |
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That portion of stock available
or planned to be available in a given period for normal demand,
excluding excess stock and safety stock. |
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