CY – What is CY?
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.
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.
- Fast and efficient – speak with our trading team within minutes
- Great rates – beat high street bank rates with Trade Finance Global
- Our partners are regulated and trusted experts
- Experts partners who are specialised in geography and sectors