5 Terms
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Shipping containers
Industry: Metal packaging
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Shipping containers
captain’s protest
Metal packaging; Shipping containers
A document prepared by the captain of a vessel on arriving at port; shows conditions encountered during voyage, generally for the purpose of relieving ship owner of any loss to cargo and shifting ...
capesize vessel
Metal packaging; Shipping containers
A dry bulk vessel above 80,000dwt or whose beam precludes passage via the Panama Canal and thus forces them to pass around Cape Horn or the Cape of Good Hope.
currency adjustment factor (CAF)
Metal packaging; Shipping containers
A charge, expressed as a percentage of a base rate, that is applied to compensate ocean carriers of currency fluctuations.
cabotage
Metal packaging; Shipping containers
Water transportation term applicable to shipments between ports of a nation; commonly refers to coastwise or intercoastal navigation or trade. Many nations, including the United States, have cabotage ...
incoterms
Metal packaging; Shipping containers
Obsolete, although heavily used, term of sale meaning “cargo and freight” whereby Seller pays for cost of goods and freight charges up to destination port. In July, 1990 the International Chamber of ...
bunkers
Metal packaging; Shipping containers
A maritime term referring to fuel used aboard the ship. In the past, fuel coal stowage areas aboard a vessel were in bins or bunkers.
bunker charge
Metal packaging; Shipping containers
An extra charge sometimes added to steamship freight rates; justified by higher fuel costs. Also known as Fuel Adjustment Factor or FAF.
