Answer:
COCl species is an intermediate in the mechanism.
Step-by-step explanation:
Intermediates are those chemical species which only appears for a short time in a course of a chemical reaction. They act as product and reactant during the reaction. Also they do not appear in overall chemical reaction.
Step 1: 
 
 
Step 2: 

Step 3: 

Overall reaction :

As we can see that all the chemicals are present in the overall reaction beside COCl.
COCl species is an intermediate in the mechanism.