ABBREVIATION MEANING CAF Currency Adjustment Factor CBM Cubic Metres CBFT (or CFT) Cubic Feet CFR (or C&F) Cost and Freight CHART A map used by navigators CHOPT Charterers Option CHTRS Charterers CIF Cost, Insurance & Freight. Seller pays all these costs to a nominated port or place of discharge. CKD Completely knocked down COA Contract of Affreightment - Owners agree to accept a cost per revenue tonne for cargo carried on a specific number of voyages. CIP Carriage and Insurance paid to... COACP Contract of Affreightment Charter Party COB Closing of Business COBLDN Closing of Business London COD Cash On Delivery COGSA Carriage of Goods by Sea Act CONGESTION Port/berth delays CONS Consumption C/SNEE CONSIGNEE. Name of agent, company or person receiving consignment COP Custom Of Port CP (or C/P) Charter Party CPD Charterers Pay Dues CPT Carriage Paid To CQD Customary Quick Despatch CR Current Rate CROB Cargo Remaining on Board CRN Crane CRT Cargo Retention Clauses, introduced by charterers based on shortage of delivered cargo because of increased oil prices CST Centistoke CTR Container Fitted