CY (Container Yard) – What is CY? | TFG 2021 Shipping Guide

CY Meaning - Container Yard

CY (Container Yard) - What is CY/CY? (Definition) | TFG 2021 Shipping Guide

CY is short for ‘Container Yard’, which is where containers are stored on the terminal or dry port before they are loaded or offloaded from a ship. Containers are either stored for loading to be transported elsewhere, or offloaded as they arrive into the port or terminal.

What is a CY-CY Shipment?

Often Bills of Lading or Letters of Credit have the terms /CY after the port names on them. CY/CY essentially means ‘Container Yard to Container Yard’, referring to the Carrier’s port or terminal where goods are dispatched and the delivery port or terminal where a consignee accepts the goods.

A CY/CY shipment term simply tells the shipper the port at which the containers are getting delivered to, as well as the end destination of the containers, so that it is clear to the shipper, exporter and customer where responsibility lies when transporting containers.


CY-CY Container Services

Another term used in shipping, CY/CY container services include door to door or house to house services – which are those that extend the CY/CY Shipment from the premises of the seller right through to the customer’s door, rather than just at the port or terminal.

Testimonials

A company wanted to pay suppliers on the day that the title of goods were transferred to them, so that it could branch out to different suppliers and distributors on more favourable trading terms. A CY/CY service was required to facilitate this.

– Santosh H, Clothing Company

Case Study

Equipment Distributor

A CY/CY service was required but we needed to move from our current freight forwarder to another one so that we could continue to be competitive on price. TFG were able to not only secure an asset finance line for us, but also facilitate the trade through a freight forwarder.


Access trade, receivables and supply chain finance

We assist companies to access trade and receivables finance through our relationships with 270+ banks, funds and alternative finance houses.
Get started

Contact the trade team

Speak to our trade finance team

About the Author

Trade Finance Global (TFG) assists companies with raising debt finance. While we can access many traditional forms of finance, we specialise in alternative finance and complex funding solutions related to international trade. We help companies to raise finance in ways that is sometimes out of reach for mainstream lenders.

Back to Top