| C (Ore) 7
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Voyage charter party (ore, minerals).
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| Cabotage
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Water transportation term applicable to shipments between ports of the same nation. Often referred to as coastal navigation or trade.
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| Cancelling
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Date by which vessel is to arrive at a loading port.
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| Capesize
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Vessel too large to fit through the Suez (or Panama) Canal.
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| CBFT
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Cubic feet.
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| CBM
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Cubic metres.
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| Charter Party (C/P)
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Agreement between a shipowner and a charterer, outlining terms and conditions governing the transportation. The agreement may be for one or several voyages, or for a certain period of time.
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| Charterer
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The party paying for the transportation. This may be the cargo owner, supplier or the receiver of the cargo.
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| Class
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Classification Society, organisation setting standards for design, build, condition of ships.
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| Contract of Affreightment (COA)
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An agreement between an owner and a charterer to transport a given quantity of cargo or quantity as required by the charterer during a given period of time. The owner is free to decide which vessel he will use.
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| Cost and Freight (CFR)
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The seller prepays the cost of carriage to the named port of destination, and clears the goods for export. Risk of cargo loss or damage transfers to the buyer when the goods pass the ship's rail at the port of shipment.
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| Cost, Insurance and Freight (CIF)
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The seller has the same obligations as under the CFR but also has to procure marine insurance against the buyer's risk of loss or damage to the goods during the carriage. The seller contracts insurance and pays the insurance premium.
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| Currency Adjustment Factor (CAF)
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A charge which is applied to compensate the owner of currency fluctuations.
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