Commonly Used Terms
The Shipment Binder is a binder that contains all the information you need to know about a shipment, including any tasks that still need completion. If you want to take any actions on a shipment – such as change the shipment details or amend or submit the Shipping Instruction or VGM (Verified Gross Mass) – this is the place to do it.
Binder also means a material that is similar to a thin wood or burlap that is generally placed in between the layers of the containers. Binders help the stacked container to stay together while transporting the cargo placed inside it.
Currency Adjustment Factor (CAF)
Cost, Insurance and Freight (CIF)
Cost and Freight (CFR)
Contract of Carriage
Container Yard (CY)
Completely Knocked Down (CKD)
Certificate of Origin (CO)
Carriage Paid To (CPT)
Carriage And Insurance Paid To (CIP)
Cargo Agents Settlement System (CASS)
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