what does cy stand for
Port of loading is the place where the goods are shipped on board a vessel. Port of discharge is the place where the vessel is off-loaded and the goods are distributed to their respective consignees. Some bills of lading contain cy/cy term in addition to port of loading and port of discharge. Today I would like to explain the meaning of cy/cy term as seen on the bills of lading. CY/CY term stands for container yard to container yard in international shipping. Which means that the carrier accepts the goods at the container yard located within the port of lading and delivers them to a container yard located within the port of discharge.