Commonly Used Terms
Zone of Rate Freedom
A zone within which a carrier can raise or lower rates without regulatory or other administrative action. The carriers may raise or lower rates by 10 percent in one year without ICC interference; if the rate change is within the zone of freedom, the rate is presumed to be reasonable.
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)
More From Cogoport
Schedule a personalized 1:1
Step into the future of freight forwarding with Cogoport. Experience a demo tailored to revolutionize your logistics, offering:
- Innovative Solutions: Peek into cutting-edge features redefining freight management.
- Expert Guidance: Direct insights from our seasoned pros, tailored to your business needs.
- Real Answers: Interactive session to address your unique challenges.