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Broker | An individual, partnership, or corporation that Casegoods / Hardgoods | Hard furniture such
arranges transportation service for client companies.
as dressers, televisions, chests, nightstands,

headboards, tables, etc.

Break-bulk Cargo | Goods shipped loose in the
vessel hold and not in a container.
C-corporation | A business that is a completely

separate entity from its owners, unlike a partnership.

Broken Stowage | The spare volume of a container C-corporations are taxed under Subsection C of the
of the cargo hold of a vessel where no cargo is stowed.
Internal Revenue Code. Most major companies are
It is a relection of the bad stowage of the container or treated as C-corporations for Federal tax purposes.

the vessel.

Cells | The construction system employed in
Budget | An itemized forecast of the expenses expected container vessels that permits containers to be stowed

for a renovation or construction project. A complete in a vertical line, with each container supporting the
budget should contain all construction and installation
one above it inside the cargo hold.
costs, FF&E costs, systems costs, professional fees,

operating supplies and equipment costs, pre-opening Cellular Vessel | A vessel designed with internal
expenses, freight, tax, warehousing, land costs, and a
ribbing to permit the support of stacked containers.
contingency amount.
See “Containership.”

Bulk Carriers | Vessels carrying dry, liquid, grain, not
Certiicate of Origin | Document certifying the
packaged, bundled, or bottled cargo and loaded without
country of origin of goods, which is normally issued
marks and number or count.
or signed by the relevant government department,

Chamber of Commerce, or embassy of the exporting
Bull Rings | Cargo-securing devices mounted in the
country.
loor of containers which allow lashing and securing of
cargoes.
CFR | A pricing term indicating that the cost of the

goods and freight charges are included in the quoted
Bunker Adjustment Factor (BAF) / Bunker Surcharge
(BSC) | Surcharges assessed by the carrier to freight price.

rates to relect current cost of bunker.
CFS/CFS | A kind of cargo movement by container.

Bunker | Heavy oil used as fuel for ocean vessels. Delivered loose at origin point with vanning by carrier,

devanned by carrier at destination, and picked up
C
loose at destination

Chassis | A wheeled lat-bed constructed to
accommodate containers moved over the road. Also
Canada Customs and Revenue Agency (CCRA) |
Canadian government Customs authority.
termed as “Trailers.”

Closing | The published deadline for export cargo or
Capital or Capitalized Expense (CapEx) | Capital
expenditures for this study are broadly deined as all containers to be accepted for a sailing of the carrier.

improvements made to the physical plant of a hotel CY closing is applicable to FCLs and CFS closing is

that would be capitalized as opposed to expensed for applicable to LCLs. Normally, CFS closing is around
accounting purposes.
24 hours ahead of CY closing, depending on the

complexities of export Customs clearance formalities

Cargo Manifest | A manifest that lists only cargo, at the country. See “Late-Come.”
without freight and charges.

Connecting Carrier Agreement (CCA) | An

Carrier | Any individual, company or corporation agreement of freight rates for connections between
engaged in transporting cargoes.
feeder ports and the ports of call of vessels.

Carriers Owned Containers (COC) | The containers
used for the transportation of cargoes belonging to the

property of the carriers.

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