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Glossary
- Cabotage
Transport of goods between two ports or places located in the same country, often restricted to domestic carriers.
- Capesize
Bulk ship size range defined by Clarksons as 100,000 dwt or larger.
- Cgt
Compensated gross tonnage. This unit of measurement was developed for measuring the level of shipbuilding output and is calculated by applying a conversion factor, which reflects the amount of work required to build a ship, to a vessel's gross registered tonnage.
- Charterer
Cargo owner or another person/company who hires a ship.
- Charter-party
Transport contract between shipowner and shipper of goods.
- CIF
Cost, insurance and freight. Delivery of goods is the seller’s responsibility to the port of discharge. The freight is paid for by the supplier of goods.
- ClarkSea Index
A weighted average index of earnings for the main vessel types where the weighting is based on the number of vessels in each fleet sector.
- Clean oil
Refined oil products such as naphtha.
- COA
Contract of Affreightment. An agreement to transport a
defined amount of cargo at an agreed freight rate, with
the shipowner choosing the ship.
- Combination carrier
Ship capable of carrying oil or dry bulk cargoes, thereby increasing the productivity of the vessel. Typically termed OBO or Ore/Oiler.
- Condensate
Naturally occurring substance in oil and gasfields which can be shipped in tankers.
- Crude oil
Unrefined oil.