CAF (Currency Adjustment Factor)
A surcharge applied by carriers to account for currency fluctuations between the origin and destination countries.
Definition
A surcharge applied by carriers to account for currency fluctuations between the origin and destination countries. CAF is particularly common in international trade where exchange rate volatility can significantly impact shipping costs. By implementing a CAF carriers ensure they remain protected from financial losses due to currency devaluation
Related Terms
CFS (Container Freight Station)
A designated warehouse or facility where LCL (Less than Container Load) shipments are consolidated or deconsolidated before being moved to their final destination.
Carnet
A document that allows for the temporary importation of goods without the need to pay duties or taxes.
Cargo Insurance
A form of protection that covers loss or damage to cargo during transit.
Cargo Manifest
A detailed list of all cargo loaded onto a ship aircraft or truck.
Carrier
A company or individual responsible for transporting goods from one location to another.
CBF (Cubic Feet)
A volumetric measurement used in freight to calculate the space occupied by cargo.
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