Cartel. This is a price-fixing body formed of providers or suppliers of goods or services. A liner conference can be considered to be a cartel to fix the freight rates.
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.
Calendar month. A vessel may be fixed on a time charter basis, either for the period occupied by a certain voyage; e.g., "for one voyage from the UK and/or Continent to Australia via port or ports in charterers' option" or for the term of ". . . calendar months, commencing from time of delivery at . . ." the port agreed upon.