A B C D E F G H I J K L M N O P Q R S T U V W Y Z

Carrier liability limit

The maximum amount of money for which a carrier is legally liable for loss or damage to cargo. This is surprisingly low. For example, under the Warsaw Convention it is 17 euros per kilo for airfreight shipments.

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Cartage

Transport of goods by truck to or from a main carrier (i.e. vessel or aircraft) or bonded warehouse or free trade zone within the local port or airport commercial zone, usually under the supervision of customs authorities.

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Cartel

An organization of independent producers formed to regulate the production, pricing or marketing practices of its members in order to limit competition and maximize their market power.

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Cartment

Customs form permitting in bond cargo to be moved from one location to another under customs control, within the same customs district. Usually in motor carrier´s possession while draying cargo.

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Cash against documents (CAD)

Payment terms used in bank collections that require the drawee to pay before receiving certain documents. Typically, the drawer will send these documents to the drawee´s bank with instructions that it secure payment before releasing them. Also called payment at…

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