Colliery turn. This refers to the order in which vessels are taken into the loading and/or discharging berth. This may change the requirements for the commencement of laytime.
Consignment clause. A charterparty may stipulate the vessel will be consigned to owners' agents or charterers' agents for inward or outward business. If charterers are entitled to appoint agents at port of loading or discharge the owner must use the services of the charterers' agent and pay for those services.
Collision Liability. Around the middle of the 19th century, hull underwriters decided to extend the hull and machinery policy to embrace legal liabilities incurred by the assured in consequence of collision between the insured ship and any other ship or vessel. Liabilities resulting from contract with anything other than another ship or vessel were excluded from the cover, as were loss of life or personal injury.
Container leasing. Containers may be offered for carriage of goods by the carriers themselves or the carriers may not actually own the containers, rather leasing them from lessors. Other parties, such as shippers, may also wish to lease a container. Therefore the containers can be owned by the ocean carriers, the lessors and also other transport operators, such as railway companies, shippers C themselves and large freight forwarders.
CY (Container yard). This is the container base from where the carriage will commence or where the ocean carriage ends. It is usually in the container port facility and is under the control of the ocean carrier.
The CY can also be under the control of other carriers, for example, at a railway yard or at an airport.
Cargo and bills of lading. The bill of lading is essentially a receipt for cargo. Therefore the statements in the document connecting the bill of lading and cargo are of great importance to the buyer of the goods, the consignee or endorsee, the banks in a documentary credits system and the possibility of liability of the earner. Statements can refer to the nature, condition, quality and quantity of the cargo.