Shipping Insurance Terms?

Answer Insurance companies such as Insure Ship offer coverage for goods shipped worldwide by air, sea or over land. The insurance covers certain risks subject to the terms and conditions of the policy. Re... Read More »

Top Q&A For: Shipping Insurance Terms

What does it mean by caf in shipping terms?

Abbreviation for "Currency Adjustment Factor." A charge, expressed as a percentage of a base rate, that is applied to compensate ocean carriers of currency fluctuations

What does ROG mean in shipping terms?

ROG Shipping means that the discount period does not start until the buyer receives the product from the shipping company.

What does CPT mean in shipping terms?

The Business Dictionary defines CPT, or Carriage Paid To, as a term of sale. The seller provides the CPT, which includes all shipping charges necessary for delivery of the item shipped to the desti... Read More »

What does shipping to the yard mean in accounting terms?

The accounting phrase 'shipping to the yard' refers to a trick to make it seem as if more inventory is being moved than is actually the case. When it comes time to account for inventory in storage,... Read More »