Glossary
Cancel After Date/Cancel Date
A date specified in a contract after which the order may be canceled without penalty.
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What does Cancel After Date/Cancel Date mean?
Cancel After Date (CAD) or Cancel Date is a term used in shipping that refers to the date after which a booking or reservation for a shipment will be automatically cancelled if certain conditions are not met. This condition may vary based on the specific agreement between the parties involved.
For example, if a shipping company books a cargo shipment on a vessel for a customer, the booking confirmation may include a Cancel After Date or Cancel Date. This means that if the customer fails to provide the required documentation, such as a Bill of Lading or customs clearance documents, before the Cancel After Date, the booking will be cancelled automatically
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