| LOGISTICS DICTIONARY |
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| [C] Clayton Act An anti_trust act of the U.S. Congress making price discrimination unlawful. Clean Bill of Lading A receipt for goods issued by a carrier with an indication that the goods were received in "apparent good order and condition," without damage or other irregularities. If no notation or exception is made, the B/L is assumed to be "cleaned." Cleaning in Transit The stopping of articles, such as peanuts, etc., for cleaning at a point between the point of origin and destination. Clearance The size beyond which cars or loads cannot use Limits bridges, tunnels, etc. Cleat A strip of wood or metal used to afford additional strength, to prevent warping, or to hold in place. Clip-On Refrigeration equipment attachable to an insulated container that does not have its own refrigeration unit. CM Abbreviation for "Cubic Meter" (capital letters). Coastwise Water transportation along the coast. COD Abbreviation for: Collect (cash) on Delivery. Carried on Docket (pricing). COFC Abbreviation for the Railway Service "Container On Flat Car." COGSA Carriage of Goods by Sea Act. U.S. federal codification passed in 1936 which standardizes carrier's liability under carrier's bill of lading. U.S. enactment of The Hague Rules. Collecting A bank that acts as an agent to the seller's bank (the presenting bank). The collecting bank assumes no responsibility for either the documents or the merchandise. Collection A draft drawn on the buyer, usually accompanied by documents, with complete instructions concerning processing for payment or acceptance. Combination Export Mgr. A firm that acts as an export sales agent for more than one noncompeting manufacturer. Combination Rate A rate made up of two or more factors, separately published. Commercial Invoice Represents a complete record of the transaction between exporter and importer with regard to the goods sold. Also reports the content of the shipment and serves as the basis for all other documents about the shipment. Commodity Article shipped. For dangerous and hazardous cargo, the correct commodity identification is critical. Commodity Rate A rate published to apply to a specific article or articles. Common Carrier A transportation company which provides service to the general public at published rates. Common Law Law that derives its force and authority from precedent, custom and usage rather than from statutes, particularly with reference to the laws of England and the United States. Concealed Damage Damage that is not evident from viewing the unopened package. Conference An association of ship owners operating in the same trade route who operate under collective conditions and agree on tariff rates. Confirmed Letter of Credit A letter of credit, issued by a foreign bank, whose validity has been confirmed by a domestic bank. An exporter with a confirmed letter of credit is assured of payment even if the foreign buyer or the foreign bank defaults. Confirming Bank The bank that adds its confirmation to another bank's (the issuing bank's) letter of credit and promises to pay the beneficiary upon presentation of documents specified in the letter of credit. Connecting Carrier A carrier which has a direct physical connection with, or forms a link between two or more carriers. |