4 Terms
Home > Industry/Domain > Maritime; Transportation > Ocean shipping
Ocean shipping
Relating to the transportation of goods across an ocean or sea.
Industry: Maritime; Transportation
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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 in a stack using the ...
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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