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Glossary

Asset-based lending (ABL)

Term of the day

Asset-based lending (ABL) is a type of loan secured by a company's assets, which can include inventory, accounts receivable, equipment, or other property. In case of default, the lender has the right to seize these assets.

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CDL (Class A)

See Commercial Driver's License. A Class A commercial driver's license (CDL) is a specific type of CDL that authorizes individuals to operate large commercial vehicles with a gross combination weight rating...

Certificate of Insurance

A non-negotiable document provided by an insurance broker or company to a carrier, broker, or shipper that serves as proof for an existing insurance policy. Most businesses require them because...

CFS

See Consolidated freight station or Container freight station. ...

Chamber of Shipping of America

A maritime trade association representing U. S. -based companies that own, operate or charter oceangoing tankers, container ships and other merchant vessels engaged in both domestic and international trade. ...

Chandler

A retailer specialized in supplying ship agents with a crew's day-to-day needs during a sea journey. Offering what's sometimes called "supermarkets for ships," chandlers will replenish commodities, including tools, spare...

Channels of distribution

Channels of distribution, also referred to as distribution channels, refers to the chain of entities or locations that goods or services go through in between their origin point and the...

Chargeable weight

The basis used for charging the customer, typically the higher of the actual gross weight or the volumetric weight (based on shipment dimensions) of a shipment. ...

Chassis

Steel frame undercarriage for the hauling of an intermodal container over the road. On a trailer a chassis includes axles, wheels and suspension, and on a tractor/truck, it includes all of...

Checkers

Checkers oversee activities concerned with cargo and the areas involved in transporting it such as docks, berths, and terminals. ...

Chock

1) A piece of wood or other material put next to cargo to prevent it from shifting. 2) A very heavy piece of wood or metal that serves as a...