Logistic Terms

terminos logistica

Air Waybill
AWB is an essential document issued by an air carrier. The AWB recognizes the specific merchandise received for air transportation; the place for delivery and the consignee are also defined.
Arrival Notice
A notice the freight forwarder or the carrier sends to the consignee when a shipment has arrived.
BAF
“Bunker adjustment factor” is a surcharge to detail the costs of fuel.
Bill of Lading
BOL or B/L is an essential document issued by the ocean transporter or carrier. The B/L recognizes the specific merchandise received on board for transportation; the place for delivery and the consignee are also defined.
Bonded Warehouse
A bonded warehouse is a warehouse that is authorized by the Treasury Department/customs used for storage of goods until goods are released in some other proper name.
CAF
“Currency Adjustment Factor” is a surcharge to cover currency fluctuations.
Carrier
A person or a company engaged in the business of transportation of goods or passengers.
Certificate of Origin
CO is a document that some countries required and it certifies the goods being transported and its country of origin. It is used for tariff purposes.
CFR- Cost and Freight
Title, risk and insurance cost pass to buyer when delivered on board the ship by seller who pays the transportation cost to the destination port. Used for sea or inland waterway transportation.
CIF
CIF stand for: “Cost, Insurance, and Freight”. CIF describe the total cost to be paid including insurance and freight.
Commercial Invoice
Is a bill from the seller to the buyer of all the goods being transported, it shows the total commercial value. This document is needed for customs authorities for verification of the value of the goods.
Consignee
Consignee is the person or company receiving the merchandise; is the one to whom something is sold or shipped.
Consignor
Consignors are persons or companies that export or sell the merchandise.
Consolidation
Consolidation is the process of combining several LCL shipments into one container.
Door-to-Door
The direct transportation of a cargo from a ‘consignor’s loading facility to a consignee’s unloading facility’.
ETA
Estimated Time of Arrival
ETD
Estimated Time of Departure
EXW- Ex Works
Title and risk pass to buyer including payment of all transportation and insurance cost from the seller's door. Used for any mode of transportation.
FAS- Free Allongside Ship
Title and risk pass to buyer including payment of all transportation and insurance cost once delivered alongside ship by the seller.
FCA- Free Carrier
Title and risk pass to buyer including transportation and insurance cost when the seller delivers goods cleared for export to the carrier.
FCL
Full Container Load is when an entire container is filled by only one customer or consignee.
Flatbed
A trailer with level bed and no sides or tops
FOB- Free on Board
Risk pass to buyer including payment of all transportation and insurance cost once delivered on board the ship by the seller. Used for sea or inland waterway transportation.
Freight Forwarder
A third party logistics provider; forwarders arrange dispatches of cargo via carriers.
Hazardous Materials (Haz. Mat.)
Materials determined by Sec. of Transportation to be capable of risking health, property or safety when transported.
IMO
“International Maritime Organization” is an agency of the UN responsible for maritime safety. IMO is often used as a document that is needed when dangerous goods are being transported.
MR
MR stands for “Material Receipt”. MR is document provided when a material is received at a warehouse.
NVOC
“Non Vehicle Owning Carriers” are regularly freight forwarders. NVOC’s provide the service of LCL cargo.
Packing List
A document that shows in detail the merchandise that is being transported.
Palletization
Palletization is the process of putting together several units of cargo into one pallet (a double-decked wooden platform that’s easy to carry with fork lifters).
POD
POD stands for “Proof of Delivery”. Is a document used when merchandise is received and checked by someone to validate that the merchandise being received is what it’s written on the document; the POD has to be signed.
Purchase Order
Number provided when merchandise is bought.
SOP
SOP stands for “Standard Operating Procedure”. SOP is a document that is always provided when a cargo is going to be transported.
Shipper’s Export Declaration
SED is an export document needed when the cargo’s value surpasses US $2,500. It shows the general information about the shipment.

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