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Maritime

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Maritime > Ocean shipping

correspondent bank

Transportation; Ocean shipping

A bank that, in its own country, handles the business of a foreign bank.

cost, insurance and freight (CIF)

Transportation; Ocean shipping

Cost of goods, marine insurance and all transportation (freight) charges are paid to the foreign point of delivery by the seller.

corner posts

Transportation; Ocean shipping

Vertical frame components fitted at the corners of the container, integral to the corner fittings and connecting the roof and floor structures. Containers are lifted and secured ...

container yard (CY)

Transportation; Ocean shipping

A materials–handling/storage facility used for completely unitized loads in containers and/or empty containers. Commonly referred to as CY.

controlled atmosphere

Transportation; Ocean shipping

Sophisticated, computer–controlled systems that manage the mixtures of gases within a container throughout an intermodal journey reducing decay.

contract carrier

Transportation; Ocean shipping

Excluding common carriers, any person who under contract will transport passengers or goods for agreed upon compensation.

contract

Transportation; Ocean shipping

A legally binding agreement between two or more persons/organizations to carry out reciprocal obligations or value.

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